SchoolofTrade.com Daily Commentary 02-26-10
We got exactly what we expected out of the market today.
We opened our charts at 745am EST and we saw….
Friday, February 26, 2010
Discipline Cycle 2 of 5 Day Trading E-Mini Futures Crude Oil Futures Gold Futures
In this 2nd video of this 5-video series, we talk about the 2nd Phase of the Discipline Cycle, which is Consistency.
Let’s first recall where we left off on our Last Video:
• We Listened to My (JJ’s) story of HOW and WHY he created the Discipline Cycle
• We Learn what the Discipline Cycle is and how it works
• We learned the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well.
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Let’s first recall where we left off on our Last Video:
• We Listened to My (JJ’s) story of HOW and WHY he created the Discipline Cycle
• We Learn what the Discipline Cycle is and how it works
• We learned the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well.
Now that we’ve found discipline in our trading, we begin to see some consistency in our trading. If you follow your mechanical rules with discipline, things will begin to take form…
Remember, this may not be profitable consistency yet, but this consistency will give you the SAME patterns, the SAME entries, and the SAME feedback from the market each trade you take, which will produce valuable Consistency in your trading, which will enable you to continue to grow with this ‘cycle’
In this 2nd Phase of the Discipline Cycle we lay the foundation for Consistency in your trading, so make sure you watch this video, and stay tuned for the rest of this 5-video series, which will teach us more about the EVOLUTION of a Trader through the Discipline Cycle!
Keep an eye out for the 3rd Video of this series…your Profit & Loss Statement will THANK YOU!
Stick to those Rules!
See you in the Live Trade Room tomorrow @ 745am EST
Ready To begin Your Trading Career As A James Wave Trader?
Click here To Catch Up On All Of Our Quizzes.
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
Share your story with us! Provide a “SchoolOfTrade.com Review”
Thursday, February 25, 2010
66 Ticks Sideways Ranges on Crude Oil & Gold We know what to LOOK for!
What a great day in the markets today! I think we may be learning here!
We waited patiently for the time in the day when the price was moving quickly, and not sitting there slowly.
We knew to pay close attention to the DOLLAR INDEX FUTURES Fast & Slow timeframes.
We knew to stay AWAY from the extremes on the sideways ranges in crude oil and gold futures.
And we knew to follow those rules when we tried to enter a trade.
We waited patiently for the time in the day when the price was moving quickly, and not sitting there slowly.
We knew to pay close attention to the DOLLAR INDEX FUTURES Fast & Slow timeframes.
We knew to stay AWAY from the extremes on the sideways ranges in crude oil and gold futures.
And we knew to follow those rules when we tried to enter a trade.
Day Trading Futures Term Of The Day And Quiz 14
Quiz # 14
This Futures index compares USD to a basket of currencies,
open 22 hours a day on the ICE...?
A.) Euro Currency Futures
B.) Dollas Index Futures
C.) E-Mini ES Futures
D.) Soybean Futures
Hey 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.
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Quiz #4 Quiz #5 Quiz #6
1.) Christopher R 1.) Mick M 1.) Gert V
2.) Tony Salta 2.) Chritopher R 2.) David N
3.) Shaw C 3.) Gert V. 3.) Roy B.
4.) Darl Yap 4.) Neil S 4.) Shaw W.
5.) Roy B 5.) Joe Clark 5.) Christian F
Extra Credit Quiz # 7
1.) Paul S 1.) Christopher R
2.) Victor Lee 2.) Paulo
3.) Nina 3.) Joe Clark
4.) Wayne Adams 4.) Victor Lee
5.) Ethan 5.) Michael Mann
6.) Bob R
Ready To begin Your Trading Career As A James Wave Trader?
Click here To Catch Up On All Of Our Quizzes.
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
This Futures index compares USD to a basket of currencies,
open 22 hours a day on the ICE...?
A.) Euro Currency Futures
B.) Dollas Index Futures
C.) E-Mini ES Futures
D.) Soybean Futures
Hey 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.
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Quiz #4 Quiz #5 Quiz #6
1.) Christopher R 1.) Mick M 1.) Gert V
2.) Tony Salta 2.) Chritopher R 2.) David N
3.) Shaw C 3.) Gert V. 3.) Roy B.
4.) Darl Yap 4.) Neil S 4.) Shaw W.
5.) Roy B 5.) Joe Clark 5.) Christian F
Extra Credit Quiz # 7
1.) Paul S 1.) Christopher R
2.) Victor Lee 2.) Paulo
3.) Nina 3.) Joe Clark
4.) Wayne Adams 4.) Victor Lee
5.) Ethan 5.) Michael Mann
6.) Bob R
Ready To begin Your Trading Career As A James Wave Trader?
Click here To Catch Up On All Of Our Quizzes.
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
Wednesday, February 24, 2010
34 Ticks Today Look for the CONFIRMATION to Pull the Trigger
Another day filled with learning and profits in our live trade room for members and guests!
Today was a challenge, but we knew what to expect!
We identified the day ahead of time today as being a potentially VERY SLOW day because of…
• Fed’s Ben Bernanke in front of Congress
• Sec. Tim Geithner in front of the Budget Committee
• Toyota hearing on Capital Hill
With these speaking events today, we expected to see more people sitting on the sidelines than any other day this week.
Today was a challenge, but we knew what to expect!
We identified the day ahead of time today as being a potentially VERY SLOW day because of…
• Fed’s Ben Bernanke in front of Congress
• Sec. Tim Geithner in front of the Budget Committee
• Toyota hearing on Capital Hill
With these speaking events today, we expected to see more people sitting on the sidelines than any other day this week.
5 part video series, Discipline Cycle
Your Emotions can be an asset or a liability to your trading; I think we all agree on that.
Out of ALL the things we worry about in the trade room each day, the most important is within ourselves! Our emotions a deadly to our trading if we can’t keep them under control.
Created in 2003, the Discipline Cycle is the by-product of Joseph James’ attempts to find an easy way to change the emotional impact on his trading.
Every trader goes through an evolution of learning and growing as a trader, and this Discipline Cycle defines that EVOLUTIONARY PROCESS that all traders must go through to achieve long term and consistent success as a day trader.
In this first video of this 5-part series you will…
Out of ALL the things we worry about in the trade room each day, the most important is within ourselves! Our emotions a deadly to our trading if we can’t keep them under control.
Created in 2003, the Discipline Cycle is the by-product of Joseph James’ attempts to find an easy way to change the emotional impact on his trading.
Every trader goes through an evolution of learning and growing as a trader, and this Discipline Cycle defines that EVOLUTIONARY PROCESS that all traders must go through to achieve long term and consistent success as a day trader.
In this first video of this 5-part series you will…
Tuesday, February 23, 2010
74 Ticks Today, Dollar Index Trading Webinar on Thursday
SchoolofTrade.com Daily Commentary 02-23-10
We had another GREAT day in our live trade room!
We knew this week would be challenging with a LOT going on…
• Bernanke speaks off and on all week
• Toyota hearings in Congress today/tomorrow
• Alan Greenspan making comments about TARP
We had another GREAT day in our live trade room!
We knew this week would be challenging with a LOT going on…
• Bernanke speaks off and on all week
• Toyota hearings in Congress today/tomorrow
• Alan Greenspan making comments about TARP
Quiz #13 Futures Trading Term And Quiz
13.) 3 Strike Rule is used to...?
A.) Make more money trading
B.) Take fewer stop losses
C.) Build Confident exits in new traders
D.) USA Olympic hockey team a gold medal 2010!!
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Quiz #4 Quiz #5 Quiz #6
1.) Christopher R 1.) Mick M 1.) Gert V
2.) Tony Salta 2.) Chritopher R 2.) David N
3.) Shaw C 3.) Gert V. 3.) Roy B.
4.) Darl Yap 4.) Neil S 4.) Shaw W.
5.) Roy B 5.) Joe Clark 5.) Christian F
Extra Credit
1.) Paul S
2.) Victor Lee
Ready To begin Your Trading Career As A James Wave Trader?
Click here To Catch Up On All Of Our Quizzes.
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
A.) Make more money trading
B.) Take fewer stop losses
C.) Build Confident exits in new traders
D.) USA Olympic hockey team a gold medal 2010!!
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Quiz #4 Quiz #5 Quiz #6
1.) Christopher R 1.) Mick M 1.) Gert V
2.) Tony Salta 2.) Chritopher R 2.) David N
3.) Shaw C 3.) Gert V. 3.) Roy B.
4.) Darl Yap 4.) Neil S 4.) Shaw W.
5.) Roy B 5.) Joe Clark 5.) Christian F
Extra Credit
1.) Paul S
2.) Victor Lee
Ready To begin Your Trading Career As A James Wave Trader?
Click here To Catch Up On All Of Our Quizzes.
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
Monday, February 22, 2010
13 Ticks Today; Manage Losses correctly…with WINNERS!
Great weekend for watching the Olympics on TV, and was hard getting up early for Monday morning trading….and I think the rest of the market really did the same thing!
It was expected to be a slow Monday morning b/c:
• All Monday Mornings are relatively slow
• No major news events today
• Ben Bernanke spoke @ 11:00am EST
Basically, a Monday with zero news and Ben Bernanke speaking makes for a slow and sluggish beginning to the week, and that EXACTLY what we got!
It was expected to be a slow Monday morning b/c:
• All Monday Mornings are relatively slow
• No major news events today
• Ben Bernanke spoke @ 11:00am EST
Basically, a Monday with zero news and Ben Bernanke speaking makes for a slow and sluggish beginning to the week, and that EXACTLY what we got!
Friday, February 19, 2010
106 Ticks HUGE Day in the Live Trade Room! Don’t miss Monday!
Today reminded us of why our trading methods are so successful!
We battled tough markets all week this week, and at times, it seemed that there was no light at the end of the tunnel….not so fast!
Tuesday, Wednesday &Thursday and the choppy markets that they delivered were quickly forgotten today when we saw plenty of price movement, lots of good volume, and the perfect patterns that set up over and over again.
Some days it feels like you can’t lose…and today was one of those days!
We took 9 trades today, mostly on Crude Oil Futures, and we did a great job at executing according to our simple trading rules.
We battled tough markets all week this week, and at times, it seemed that there was no light at the end of the tunnel….not so fast!
Tuesday, Wednesday &Thursday and the choppy markets that they delivered were quickly forgotten today when we saw plenty of price movement, lots of good volume, and the perfect patterns that set up over and over again.
Some days it feels like you can’t lose…and today was one of those days!
We took 9 trades today, mostly on Crude Oil Futures, and we did a great job at executing according to our simple trading rules.
Thursday, February 18, 2010
14Ticks Today: In a hole? Stop Digging & Follow THESE rules!
Today was a day made for building character, one of those days you heard about when traders tell stories about the struggles we all go through as traders.
• We had chart issues at the open, so we had to deal with re-loading charts
• The Market was VERY slow today almost all morning
• First trade was a FULL STOP LOSS, so we dug ourselves a big hole
• We didn’t know if we would have any opportunities to dig our way out!
To say that today was challenging would be an under-statement!
• We had chart issues at the open, so we had to deal with re-loading charts
• The Market was VERY slow today almost all morning
• First trade was a FULL STOP LOSS, so we dug ourselves a big hole
• We didn’t know if we would have any opportunities to dig our way out!
To say that today was challenging would be an under-statement!
(5 Of 5) Trade Management, Fit Your Management Needs
Before we move forward, let’s recall where we left off in the first 4 videos of this 5-part series…
1. 3 Phases of the ‘MOVE’
– Noise, Follow-Thru, Exhaustion
2. The Emotions Behind Trade Management
– More Targets, Fewer Stops = long term profits
3. Basics of our Management Method
– Quick targets, eliminate risk, position to capitalize on the big moves of the day
4. 2 Different Approaches
– Mechanical & Discretionary Trade Management
And the 5th & Final Video of this Series on Trade Management is….
1. 3 Phases of the ‘MOVE’
– Noise, Follow-Thru, Exhaustion
2. The Emotions Behind Trade Management
– More Targets, Fewer Stops = long term profits
3. Basics of our Management Method
– Quick targets, eliminate risk, position to capitalize on the big moves of the day
4. 2 Different Approaches
– Mechanical & Discretionary Trade Management
And the 5th & Final Video of this Series on Trade Management is….
Wednesday, February 17, 2010
20 Ticks Today How to get back in your Trading Routine
20 Ticks Today How to get back in your Trading Routine
After missing last Friday & this Tuesday for the long weekend, we had the distinct challenge of getting back in the ‘rhythm’ of the markets in order to profit this week from our trading.
We always have trouble getting back into the swing of things when we go away from the markets for a few days, so here is what we focus on:
After missing last Friday & this Tuesday for the long weekend, we had the distinct challenge of getting back in the ‘rhythm’ of the markets in order to profit this week from our trading.
We always have trouble getting back into the swing of things when we go away from the markets for a few days, so here is what we focus on:
Thursday, February 11, 2010
74 Ticks We Listened to the Market Day Trading Gold Futures
Today was one of those days that reminded us why we love being traders.
Monday, Tuesday Wednesday this week were very challenging, and we were frustrated by the lack of movement and the inconsistency in the price action as the market digested some very important information from Congress & the Fed this week.
Today, however, was a different story, and days like today remind us why we patiently trade through days like we saw earlier this week, but we KNOW that days like today will soon return.
Monday, Tuesday Wednesday this week were very challenging, and we were frustrated by the lack of movement and the inconsistency in the price action as the market digested some very important information from Congress & the Fed this week.
Today, however, was a different story, and days like today remind us why we patiently trade through days like we saw earlier this week, but we KNOW that days like today will soon return.
Quiz #12 Futures Trading Term And Quiz
12.) For income tax purposes in the US Futures are different than Forex and Stocks because they are classified as...?
A.) Echange-Traded
B.) Securities
C.) Options on Futures
D.) Commodities
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Quiz #4 Quiz #5
1.) Christopher R 1.) Mick M
2.) Tony Salta 2.) Chritopher R
3.) Shaw C 3.) Gert V.
4.) Darl Yap 4.) Neil S
5.) Roy B 5.) Joe Clark
Extra Credit
1.) Paul S
2.) Victor Lee
Ready To begin Your Trading Career As A James Wave Trader?
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
A.) Echange-Traded
B.) Securities
C.) Options on Futures
D.) Commodities
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Quiz #4 Quiz #5
1.) Christopher R 1.) Mick M
2.) Tony Salta 2.) Chritopher R
3.) Shaw C 3.) Gert V.
4.) Darl Yap 4.) Neil S
5.) Roy B 5.) Joe Clark
Extra Credit
1.) Paul S
2.) Victor Lee
Ready To begin Your Trading Career As A James Wave Trader?
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
Wednesday, February 10, 2010
17 Ticks Today LISTEN to what the market TOLD US today Scalping Crude Oil Futures
We had another challenging day in the markets today!
Once again…we knew today was going to be a tough day, here’s why…
• Not much news today
• Ben Bernanke testimony @ 10:00am est
• BIG Snow Storm on the East Coast, fewer people in the markets
This was a good start, but we saw even MORE information from the markets when we opened our charts..
Once again…we knew today was going to be a tough day, here’s why…
• Not much news today
• Ben Bernanke testimony @ 10:00am est
• BIG Snow Storm on the East Coast, fewer people in the markets
This was a good start, but we saw even MORE information from the markets when we opened our charts..
Tuesday, February 9, 2010
63 Ticks Today & EASIEST Way to AVOID Losses Scalping Euro Crude Oil Gold Futures
Today was a great example of how sometimes we need to take our money and get out of the market before we give it all back!
We started today with a breaker/2-step combination that made us 21 ticks on the breaker and 14 ticks on the 2-step reversal, so we were off to a great start!
We then padded the account with winners on Gold, Crude Oil and Euro Futures.
Then the market started to fall apart…
Futures Day Trading Quiz #11
Quiz #11
Also called High Frequency Trading, this involves buying/selling quickly to earn quick profit...?
A.) Day Trading
B.) Scalping
C.) Swing Trading
D.) New Orleans Saints :)
Remember to leave your first name and last initial, a couple of you missed out because you didn't leave us any of your info. We hate to see that!!
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Raffle will be held at the end of February.
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Quiz #4
1.) Christopher R
2.) Tony Salta
3.) Shaw C
4.) Darl Yap
5.) Roy B
Extra Credit
1.) Paul S
2.) Victor Lee
Ready To begin Your Trading Career As A James Wave Trader?
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
Also called High Frequency Trading, this involves buying/selling quickly to earn quick profit...?
A.) Day Trading
B.) Scalping
C.) Swing Trading
D.) New Orleans Saints :)
Remember to leave your first name and last initial, a couple of you missed out because you didn't leave us any of your info. We hate to see that!!
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Raffle will be held at the end of February.
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Quiz #4
1.) Christopher R
2.) Tony Salta
3.) Shaw C
4.) Darl Yap
5.) Roy B
Extra Credit
1.) Paul S
2.) Victor Lee
Ready To begin Your Trading Career As A James Wave Trader?
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
Monday, February 8, 2010
2 Losses, 2 Winners & Charts Crashed! Just another MONDAY!
Once in a while we have a tough day in the markets we trade, and today was the the worse case scenario.
We started off with a VERY slow and choppy market today.
Crude Oil had all the same trigger lines across all timeframes, so we knew it was going to be slow until they separated a little.
We also noticed everything had fewer large buyers/sellers and RED Pace of Tape Indicator, so we also knew that the market was seeing VERY slow price action to start the week.
Could it be Monday?
Could it be the Super Bowl?
We started off with a VERY slow and choppy market today.
Crude Oil had all the same trigger lines across all timeframes, so we knew it was going to be slow until they separated a little.
We also noticed everything had fewer large buyers/sellers and RED Pace of Tape Indicator, so we also knew that the market was seeing VERY slow price action to start the week.
Could it be Monday?
Could it be the Super Bowl?
Sunday, February 7, 2010
Friday, February 5, 2010
Quiz # 10 Schooloftrade.com
Quiz # 10
The Ideal Momentum for A Long Trade Is…
A.) Momentum Curled over and pointing DOWN
B.) Momentum Pointing UP from the TOP
C.) Momentum Pointing UP from the BOTTOM
Good Luck! Watch The Video If Your Stumped.
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Extra Credit
1.) Paul S
2.) Victor Lee
Ready To begin Your Trading Career As A James Wave Trader?
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
The Ideal Momentum for A Long Trade Is…
A.) Momentum Curled over and pointing DOWN
B.) Momentum Pointing UP from the TOP
C.) Momentum Pointing UP from the BOTTOM
Good Luck! Watch The Video If Your Stumped.
Results For 2010, First 5 are entered! - -Extra Credit Winners!
Quiz #1 Quiz #2 Quiz #3
1.) Joe Clark 1.) Roy B 1.) Dave Z
2.) Paul S 2.) Jemery S 2.) Chritopher R
3.) Jacob R 3.) Dean A 3.) Joe Clark
4.) Joe S 4.) Joe Clark 4.) Dean N
5.) Christopher R 5.) Christopher R 5.) David N
Extra Credit
1.) Paul S
2.) Victor Lee
Ready To begin Your Trading Career As A James Wave Trader?
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
Sign Up For Your Free Three week Trial Today!
Thursday, February 4, 2010
184 Ticks Today! Biggest Day of 2010!
We had a slow week this week in the markets, until today!
With today’s Jobless Claims report @ 830am EST, followed by a report on the Dollar Index jumping, it was easy to see a LOT of trading opportunities today in the live trade room.
We got started early, with patterns showing up as early as 839am EST, and we watched as the Crude Oil, Euro, and Gold Futures produced high percentage patterns all morning long.
What was the biggest challenge today?
With today’s Jobless Claims report @ 830am EST, followed by a report on the Dollar Index jumping, it was easy to see a LOT of trading opportunities today in the live trade room.
We got started early, with patterns showing up as early as 839am EST, and we watched as the Crude Oil, Euro, and Gold Futures produced high percentage patterns all morning long.
What was the biggest challenge today?
Wednesday, February 3, 2010
59 Ticks Today! Read the Future by Identifying the Market Correctly
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 our charts, and before we begin calling trades, we have to prepare…
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 our charts, and before we begin calling trades, we have to prepare…
Quiz Of The Day, Schooloftrade.com
Quiz # 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 Two Quizzes For The Year Of 2010, The First 10 People Entered In The Raffle Are:
1.) Joe Clark 1.) Roy B
2.) Paul S 2.) Jemery S
3.) Jacob Rottermund 3.) Dean A
4.) Joe S 4.) Joe Clark
5.) Christopher R 5.) Christopher R
For More Information On Our Courses Please Follow This Link
To Catch Up On The Previous Quizzes, Click Here!
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 Two Quizzes For The Year Of 2010, The First 10 People Entered In The Raffle Are:
1.) Joe Clark 1.) Roy B
2.) Paul S 2.) Jemery S
3.) Jacob Rottermund 3.) Dean A
4.) Joe S 4.) Joe Clark
5.) Christopher R 5.) Christopher R
For More Information On Our Courses Please Follow This Link
To Catch Up On The Previous Quizzes, Click Here!
SchoolofTrade.com Daily Market Commentary 2-02-10
We 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, sluggish, and indecisive. Having a hard time deciding where it wanted to go, we had to wait for it all to line up…
• 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, sluggish, and indecisive. Having a hard time deciding where it wanted to go, we had to wait for it all to line up…
Tuesday, February 2, 2010
Daily Market Commentary, 02-01-10 SchoolOfTrade.com
SchoolofTrade.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 speaking @ 1030am EST
• We had President Obama speaking at 11am EST
Knowing all of this, we had to be in the right MINDSET to be able to..
• Not get emotionally-charged when we started
• Wait for the best patterns
• Wait for the market to have enough VOLUME
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 speaking @ 1030am EST
• We had President Obama speaking at 11am EST
Knowing all of this, we had to be in the right MINDSET to be able to..
• Not get emotionally-charged when we started
• Wait for the best patterns
• Wait for the market to have enough VOLUME
• Wait for the BIG MONEY to enter the market after being on break for the weekend
Monday, February 1, 2010
Quiz Time, Plus See If You Made The Cut For The Last Quiz.
Quiz # 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 First 5 People Entered In The Raffle Are:
1.) Joe Clark
2.) Paul S
3.) Jacob Rottermund
4.) Joe S
5.) Christopher R
For More Information On Our Courses Please Follow This Link
To Catch Up On The Previous Quizzes, Click Here!
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 First 5 People Entered In The Raffle Are:
1.) Joe Clark
2.) Paul S
3.) Jacob Rottermund
4.) Joe S
5.) Christopher R
For More Information On Our Courses Please Follow This Link
To Catch Up On The Previous Quizzes, Click Here!
3 Price Patterns & 3 Steps for Trading Success
The 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, Asian Session…which is best?
• Different levels of support & resistance
o The list goes on…
With all of this to learn you can imagine how hectic a new trader must feel. For that reason we developed 3 steps to improve your trading success. How is that? You may ask, well it's as easy as 1…2…3
Step #1: Identify the Patterns Set-Ups at Important Price Levels
Finding the Price Levels:
Price levels are located for us automatically using our proprietary indicators, such as the auto-levels Indicator, which makes these levels VERY easy to locate.
Assuming we have our levels properly identified with our indicator, we then watch for these simple patterns around these levels.
Step #2: Watch for these 3 simple Price Patterns
Wave Pattern Set-up
• Trend-Continuation Pattern
• Watch for the Trigger-Line to make new Highs/Lows to take trade.
• 80% Winning Ratio
The Wave Set-up is a trend-continuation pattern that works best on trending markets. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows as well as a steep slope to our Trigger Line for entry.
Step #3: Beware taking Wave Set-Ups in low volume, or sideways markets, as it has a tendency to reverse direction.
Breaker Pattern Set-Up:
• Trend-Continuation Pattern
• Watch for the Swing Indicator to mark our Swing-High/Low levels for entry
• 85% Winning Ratio
The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR.
Tip: Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market.
2-Step Pattern Set-Up:
• Counter-Trend Pattern
• Watch for the Swing Indicator to mark our Swing-High/Low levels for entry
• Profits taken slightly tighter b/c of Counter-trend pattern
• 75% Winning Ratio
The 2-Step Set-up is a counter-trend pattern that works best on Sideways markets. This entry pattern looks to capitalize on a choppy market, look for Swing-Highs & Swing-Lows marked with our swing indicator to identify your entry.
Don’t forget! You need to see follow-thru to confirm your entry.
Beware taking 2-Step Set-Ups without identifying the Short term Trend, because this pattern should be taken against the trend, looking for a reversal in price action.
• 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, Asian Session…which is best?
• Different levels of support & resistance
o The list goes on…
With all of this to learn you can imagine how hectic a new trader must feel. For that reason we developed 3 steps to improve your trading success. How is that? You may ask, well it's as easy as 1…2…3
Step #1: Identify the Patterns Set-Ups at Important Price Levels
Finding the Price Levels:
Price levels are located for us automatically using our proprietary indicators, such as the auto-levels Indicator, which makes these levels VERY easy to locate.
Assuming we have our levels properly identified with our indicator, we then watch for these simple patterns around these levels.
Step #2: Watch for these 3 simple Price Patterns
Wave Pattern Set-up
• Trend-Continuation Pattern
• Watch for the Trigger-Line to make new Highs/Lows to take trade.
• 80% Winning Ratio
The Wave Set-up is a trend-continuation pattern that works best on trending markets. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows as well as a steep slope to our Trigger Line for entry.
Step #3: Beware taking Wave Set-Ups in low volume, or sideways markets, as it has a tendency to reverse direction.
Breaker Pattern Set-Up:
• Trend-Continuation Pattern
• Watch for the Swing Indicator to mark our Swing-High/Low levels for entry
• 85% Winning Ratio
The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR.
Tip: Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market.
2-Step Pattern Set-Up:
• Counter-Trend Pattern
• Watch for the Swing Indicator to mark our Swing-High/Low levels for entry
• Profits taken slightly tighter b/c of Counter-trend pattern
• 75% Winning Ratio
The 2-Step Set-up is a counter-trend pattern that works best on Sideways markets. This entry pattern looks to capitalize on a choppy market, look for Swing-Highs & Swing-Lows marked with our swing indicator to identify your entry.
Don’t forget! You need to see follow-thru to confirm your entry.
Beware taking 2-Step Set-Ups without identifying the Short term Trend, because this pattern should be taken against the trend, looking for a reversal in price action.
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