SchoolofTrade.com Daily Commentary 04-01-10 Market Gave us clues today… 830am EST • Dollar Index Futures trading sideways from 81.500 to 81.100. • Double-tops and double-bottoms containing price action • We don’t trade the dollar b/c its too small of a market • However, the dollar can control much larger markets b/c it’s the denomination currency […]
Continue reading“Market participants leave their footprints… telling us where they’ve been…and giving us clues as to the direction they’re headed in the future” What is tape reading? Why do day traders read the tape? • Tape Reading is the study of raw price action as it comes across your time & sales window, and is considered […]
Continue readingHey Traders I was wondering if any of our current members or trial members, or even guests would like to leave some of there personal experiences that you have had with the Schooloftrade.com? Just follow this link and post your experience, thanks guys this feedback really helps me tailor my teaching habits. Quiz #3 Our […]
Continue readingMarket Gave us clues today… 845am EST: • Dollar Index Futures trading in a sluggish downward trend from yesterday • Dollar Index Futures pace of tape, speed of the market is the concern (< 100) • Gold Futures very slow, very sideways • we rolled over to the next front month contract on Gold Futures […]
Continue readingCurrency Futures, E-Mini Futures, even Crude Oil Futures all rollover at different times than Gold Futures. Were you wondering where everyone went today in the Gold market? Watch this video to see where they went! 🙂 Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. […]
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Continue reading830am EST • Dollar Index Futures trading sideways, flat price action around 81.500 • Crude Oil Futures also trading sideways, slow and sluggish, looks very similar to the Dollar Index Futures • Gold Futures are also slow and sluggish, pace of tape < 100 all morning. 930am EST • Euro Futures are sideways, but they […]
Continue readingWe opened up our charts today & the market gave us clues … – 830am EST o Dollar Index Futures have pushed through 82.000, and now resting on that big round number as support o Support on the Dollar = Resistance on everything else Look for the short side on other markets (negative correlation) […]
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