===================================================================
Click here to Review what MEMBERS are saying about
SchoolOfTrade.com ===================================================================
Every Friday we take a moment from our normal trade room routine to review our automated trading strategies included with our advanced membership. Our automated trading strategies are design with different types of traders in mind.
First, you can use this automated-trader to take the trades, and manage the trade, giving complete control to the computer. Second, many of our members LOVE how you can set it up to trade semi-automated which means it takes the trade for you, but then the user sets the stops and targets using the chart trader feature in NinjaTrader7. We have provided our clients with the strategy software, the templates, and all the settings they need to completely use this automated-trading strategy to its maximum potential, and we provide DAILY training for our members, along with tech support to learn how to set it up and use it.
 |
| Automated Crude Oil Trading |
 |
| Automated Gold Trading |
This morning was a Friday, and to make matters more interesting,
we had the biggest news event of our month, Non Farm Payrolls. We took time this morning with members and
guests @ 730am EST to review how we mentally and technically prepare for our
day ahead of such important news. We
knew that Friday are always a little challenging because our ‘window of
opportunity’ is much smaller, and our emotions at the end of the week are
sometimes ‘jacked up’ on previous winning days, or losses, so we had to plan
our trades, and then trade our plan.
 |
| Discretionary Trades Today |
This morning’s price action was challenging for
discretionary traders in our trade room, but don’t tell that to the automated-trading
strategies, they continued to perform even in the face of Non Farm Payrolls, a
true testament of the worth of an automated-trader. We began the day with the dollar index moving
higher, which successfully pushed prices lower on Crude Oil, euro, E-Mini-Russell,
and gold futures, but then the dollar index sat at the highs of the price wedge
and fell asleep, giving us fake-out breakouts across the board. By 1030am EST we needed to be aware that the
morning (and the week) was coming to an end and we needed to be careful. My final trade this morning was very aggressive,
and in hindsight too high risk for the market personality this morning, which
stings giving back 50% of my daily earnings, but it’s a lesson to learn.
 |
| Dollar Index Sits at Highs |
Did you miss the
action in today’s live trade room?
Want to learn how to trade like this with me every day? Our advanced members have lifetime access to
our trade room, and membership includes everything you need, including charts,
data, indicators, tech support, and automated trading strategies.
Don’t miss tomorrow @
730am EST when we post our morning prep on this blog and get the day
started again for another profitable day of live trading with our members!
===============================================================================I trade my own account in our live trade room, My trading statements are available on request
===============================================================================
Posts
