Archive
Monthly Archives: August 2010
August 31, 2010
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Breakout Day Trading Scalping Gold Crude Oil eMini Russell Futures
800am EST Today will be an early close to the trade room so JJ can move 10:30-11:00am we will be closing up. Joe will be on Vacation from 2nd, re-open the trade room on the 13th. Re-open Monday after Labor Day Holiday. If you have a trial cut short because of this simply email […]
Continue reading August 31, 2010
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Scalping, Swing and Day Trading with Sideways Markets, Channels, Wedge and Horseshoe Patterns
– Wedge, Channel, Horse-Shoe, Sideways Markets and How To Trade Them. o Sideways Market The narrower the trading range, the less likely you will be able to sell the highs and buy the lows More likely to see a breakout of the trading range when it is very narrow. We don’t want […]
Continue reading August 30, 2010
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Buy the low of day on Euro Futures with Dollar Index Correlation for 40 ticks
830am EST Crude Oil futures have recent made new lows last week and now the market has bounced back off the lows and trading just below 75.00 Fast timeframes on crude oil show a sideways market all day morning today. Gold Futures are still trading at their highs of 1240, and trading sideways in the […]
Continue reading August 30, 2010
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Using The Correct Support And Resistance When Trading Futures
Questions: – Different levels of support and resistance, which does what? o Which levels do we look for trades with? Auto Levels (RED and YELLOW) Swing Levels (Light blue) HOD/LOD (blue) o Which levels do I avoid? Open of Day / Close of Day Trend lines Big round numbers […]
Continue reading August 30, 2010
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Trades Set-Up On Gold And Euro Futures
Gold Futures Watching gold futures are one of the early movers this morning, and we’re looking for a long entry above 1240.3 as we break up off the lows of the wedge pattern. This will be a little bit tight for our first profit target, so be sure to have your first target ready to […]
Continue reading August 27, 2010
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Russell Reverses + Crude Oil Drops = 150 Ticks Scalping
830am EST Crude Oil futures are trading sideways market at 73.50, which is slightly off the lows of 71.00 from yesterday. Gold futures are trading sideways market at 1240, just off the high of the week, and all time highs of 1245.0 Euro futures are trading completely sideways at 1.2715, which is basically where we’ve […]
Continue reading August 27, 2010
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Day Trade or Scalp? Swing trade or Position trade? Which trade should I take?
– Choosing the correct trade for your trading style o I have the same pattern setting up on 2 different charts, 1 is very slow and the other is very fast o Which trade do I take? Identify the trader first • New trader • Lack confidence • I have small account • Low […]
Continue reading August 26, 2010
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Sell the Highs Day Trading and Scalping Crude Oil Futures
We can clearly see the affects of summertime trading in the month of august this morning. Gold going sideways at the all time highs of 1245.0 Crude Oil has popped back up above 73.00 and trading sideways Russell has been back and forth above and below the big round number of 600.0 Euro continues its […]
Continue reading August 26, 2010
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MACD Technical Indicator Day Trading Gold Futures Crude Oil Euro
– How to use the MACD on our trade management chart o MACD = Moving Average Convergence/Divergence o Trade management chart helps us manage our trades, no matter what type of trader you are. o At the bottom is the MACD More info in the Beginner’s Course on this indicator Advanced Members will […]
Continue reading August 26, 2010
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2-Step Reversal Setting Up On Crude Oil
Crude Oil Futures: – We bought the lows on crude oil at 73.17 and and took profit at 73.50 for a nice winner on the long side. – We then tried to take the breaker long above 73.80 but momentum and price action made it impossible to hold the trade so I exited for a […]
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