SchoolofTrade.com Daily Commentary 01-25-10 We opened our week today with another profitable day trading futures! Today was Monday, we expected it to take a little longer to get moving this morning, just like everything on a Monday, we wait for people to get into work and get started for the week! So we had to […]
Continue readingSchoolofTrade.com Daily Commentary 01-22-10 What an amazing week in the live trade room! Another week filled with winners & PROFITS! We had a few moments this week that were tough.. We had to get passed the Martin Luther King Holiday on Monday On Tuesday we started the day with a LOSS, and had to overcome […]
Continue readingWe made over $1000 today in the live trade room on only 4 contracts. We took our first trade of the day on the Gold, and honestly, we jumped the gun a little. Yes, we are all human, and sometimes we make mistakes. The pattern looked perfect, we had lots of support from the BIG […]
Continue readingSchoolofTrade.com Daily Commentary 01-19-10 Another GREAT day in the LIVE TRADE ROOM! The day started off with a very slow and sluggish market…it looked like a Tuesday, but it FELT like a Monday! Remember, we didn’t have any action on Monday (yesterday) b/c of the MLK Holiday, so we were eager to get back into […]
Continue readingSchoolofTrade.com Daily Commentary 01-18-10 Today was Martin Luther King Jr. Holiday here in the United States, which meant Bond & equity Markets were closed or closed early today. Whenever you have a day with a Holiday, you will typically see less-than-desirable trading volume and will want to use EXTRA caution. Most professional traders will opt […]
Continue readingSchoolofTrade.com Daily Commentary 01-15-10 We didn’t really know what to expect on Friday, except for some slightly lower volume due to the Holiday coming on Monday, however, any concern over what the day looked like was answered soon after we opened our charts. What we saw was an example of what most new traders MISS […]
Continue readingSchoolofTrade.com Daily Commentary 01-14-10 We finally got into a rhythm this morning on a day filled with important news events and political figures speaking. With the ECB Interest Rate Decision @ 745am EST, Jobless Claims Report @ 830am EST, and Natural Gas Inventories @ 1030 we had lots of activity to be watching, and the […]
Continue readingSchoolofTrade.com Daily Commentary 01-13-10 When we opened our trade room today we quickly saw a VERY different market environment that we saw Monday and Tuesday this week. We had good volume, the market was moving, but we were still missing something…follow-through. “Follow-through” is a term used to describe the process of confirming the move in […]
Continue readingMarket Commentary 1-12-10 We began our trading day in the live trade room today with a very slow and sluggish market. Every morning we have to IDENTIFY the market we are going to attempt to trade and today’s market made it very clear that once again, patience to wait for the very best high-percentage trades […]
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