SchoolofTrade.com Daily Commentary 02-03-10 One of the easiest ways to improve your trading is to understand HOW to IDENTIFY the market each day BEFORE you begin trading. The process of IDENTIFYING the important aspects of the market each day begins with looking and listening to what the market is trying to tell us! We open […]
Continue readingQuiz # 9 Most effective tool for identifying short-term market sentiment…? A.) Market profile area B.) Market internals C.) Pace Of Tape ® Indicator D.) Momentum Indicator *Watch the video if you are stumped, good luck! Please Leave Your First Name And last Initial In Your Comment. For The First […]
Continue readingWe had a lot to be concerned with when we open the live trade room @ 745am EST… • Non-Farm Payrolls this Friday…BIG news event coming this week • Secretary Geitner Speaking today & tomorrow • Beginning of the month, possible indecision in the market As expected, these outside influences made the market very slow, […]
Continue readingSchoolofTrade.com Daily Commentary 02-01-10 We opened the live trade room today and had a few concerns on our mind.. • We ended January with a HUGE profit, so we didn’t want to trade too aggressively • This was the first day of the month • This is a Monday • We had Treasury Secretary Geithner […]
Continue readingQuiz # 8 Most Important Reason For Time Based Stops: A.) Time Your entries B.) Teaches Us The Longer It Takes, The More Risk Is Involved C.) Tape Reading With Time Please Leave Your First Name And last Initial In Your Comment. For The First Quiz For The Year Of 2010, The […]
Continue readingThe markets can be very chaotic for a new trader, and there’s no wonder why… • Lots of different markets to trade o E-Mini: ES, YM, TF, NQ o Currencies: Euro, Pound, Yen o Commodities: Gold, Crude Oil, Corn, Wheat o Fixed Income: Bonds & Notes • Different Times to trade: o US Session, Euro Session, […]
Continue readingSchoolofTrade.com Daily Commentary 01-28-10 Today was a challenging day in the markets, well, it started out that way, but it soon got pretty easy once the day began to develop. We opened the charts @ 745am EST and noticed the following: • Red Pace of Tape Indicator, slow price action • Wide Trading Ranges: High […]
Continue readingQuiz #7 Hidden divergence is when…? A.) Price makes new highs, indicator does not. B.) Indicator makes new lows, price does not. C.) Price makes new highs, and indicator does at the sam time. Please watch the video first, then leave a comment with your answer! Leave first name and last initial; […]
Continue readingSchoolofTrade.com Daily Commentary 01-27-10 FOMC DAY! Today was FOMC Day, which is the day in which the Federal Reserve announces if they will be changing interest rates for the United States. This type of news event is a MAJOR event that literally determines the entire day of trading activity. FOMC days are always on Wednesdays, […]
Continue readingSchoolofTrade.com Daily Commentary 01-26-10 Another great day of trading in our LIVE TRADE ROOM! Today was Tuesday, and we had a big day trading yesterday, so we knew we had some room to breathe for the week, but we didn’t want to get sloppy and make a mistake. We opened the room @ 745am EST […]
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