SchoolofTrade.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 ATR Reading...
Friday, January 29, 2010
Thursday, January 28, 2010
Day Trading Futures Term Of The Day And Quiz #7
Quiz #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; avoid leaving e-mail addresses due to privacy issues.
Also don't forget about...
Click here for a complete list of rules, plus catch up on the quizzes.
Click here for more information about our courses at our homepage.
Check out our daily lessons on youtube
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; avoid leaving e-mail addresses due to privacy issues.
Also don't forget about...
Click here for a complete list of rules, plus catch up on the quizzes.
Click here for more information about our courses at our homepage.
Check out our daily lessons on youtube
Market Commentary 1-27-10 Schooloftrade.com
SchoolofTrade.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, and they are always characterized by the following:
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, and they are always characterized by the following:
Wednesday, January 27, 2010
Market Commentary 1-26-10 Schooloftrade.com
SchoolofTrade.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 and we saw…
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 and we saw…
Tuesday, January 26, 2010
Market Commentary 1-25-10
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 be patient…but not for long...
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 be patient…but not for long...
Monday, January 25, 2010
Daily Market Commentary From The SchoolOfTrade.com
SchoolofTrade.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 our emotions to avoid getting any deeper in the hole…we certainly did…and ended Tuesday with $500!
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 our emotions to avoid getting any deeper in the hole…we certainly did…and ended Tuesday with $500!
Thursday, January 21, 2010
SchoolofTrade.com Daily Commentary 01-20-10
We 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 buyers, but we didn’t have enough Pace of the Tape, which is why we decided to cut the trade early for a small loss.
Once we got into the trade, I noticed right away that we made a mistake…
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 buyers, but we didn’t have enough Pace of the Tape, which is why we decided to cut the trade early for a small loss.
Once we got into the trade, I noticed right away that we made a mistake…
Wednesday, January 20, 2010
Market Commentary 1-19-10
SchoolofTrade.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 trading today, and we sure got our opportunities!
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 trading today, and we sure got our opportunities!
Tuesday, January 19, 2010
Market Commentary 1-18-10
SchoolofTrade.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 for the GOLF CLUBS rather than the trading charts on a Holiday, but we chose to use this time productively for our members today, and did some education and lots of training.
One of the most important aspects of any traders’ skills is the morning routine...
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 for the GOLF CLUBS rather than the trading charts on a Holiday, but we chose to use this time productively for our members today, and did some education and lots of training.
One of the most important aspects of any traders’ skills is the morning routine...
Market Commentary 1-15-10
SchoolofTrade.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 when they begin their trading day…the market was SCREAMING at us its intentions, and we were able to ‘interpret’ those intentions based on a few simple technical indicators.
Here’s what we saw @ 745am EST:
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 when they begin their trading day…the market was SCREAMING at us its intentions, and we were able to ‘interpret’ those intentions based on a few simple technical indicators.
Here’s what we saw @ 745am EST:
Market Commentary 1-14-10
SchoolofTrade.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 day went very well.
We new when we opened the trade room we were looking for volume to pick up after 830’s Jobless Claims report, and it did, and we were able to make some money BEFORE 930am, which is always a good sign of things to come!
One of the best learning opportunities came when we took our 2nd trade on Crude Oil Futures. We entered the market using our specific trading rules, which means we made the correct decision to enter the market. Sometimes however, the market doesn’t agree, and in this case, the market sat on our entry and didn’t go anywhere...
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 day went very well.
We new when we opened the trade room we were looking for volume to pick up after 830’s Jobless Claims report, and it did, and we were able to make some money BEFORE 930am, which is always a good sign of things to come!
One of the best learning opportunities came when we took our 2nd trade on Crude Oil Futures. We entered the market using our specific trading rules, which means we made the correct decision to enter the market. Sometimes however, the market doesn’t agree, and in this case, the market sat on our entry and didn’t go anywhere...
Monday, January 18, 2010
Thursday, January 14, 2010
When we opened our trade room today we quickly saw a VERY different market...
SchoolofTrade.com Daily Commentary 01-13-10When 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 the market. For example, we see a pattern develop on the Gold futures Market, the volume is good, lots of interest in the market at that area, but the momentum doesn’t confirm, so we have to wait..
Tuesday, January 12, 2010
Great Day In The Live Trade Room, Made Over $700
Market 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 would be a must.
With very little volatility and even less “follow-thru” we had to be aggressive with our defense when making trades, and that proed to be exactly what we had to do!
Our first two trades of the day were both scratches, which mean we enter the trade and exited the trade at the same price level...
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 would be a must.
With very little volatility and even less “follow-thru” we had to be aggressive with our defense when making trades, and that proed to be exactly what we had to do!
Our first two trades of the day were both scratches, which mean we enter the trade and exited the trade at the same price level...
Futures Day Trading Term And Quiz #6
Quiz #6
A low ATR reading identifies a...?
A.) Volatile market
B.) Moving Average
C.) Narrow (small) trading range market
D.) # of ticks of range
Be Sure To Leave You First Name With Last Initial. Avoid Leaving Email Address, Due To Privacy Issues.
Click here for a complete list of rules, plus catch up on the quizzes.
Click here for more information about our courses at our homepage.
Check out our daily lessons on youtube
A low ATR reading identifies a...?
A.) Volatile market
B.) Moving Average
C.) Narrow (small) trading range market
D.) # of ticks of range
Be Sure To Leave You First Name With Last Initial. Avoid Leaving Email Address, Due To Privacy Issues.
Click here for a complete list of rules, plus catch up on the quizzes.
Click here for more information about our courses at our homepage.
Check out our daily lessons on youtube
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