Archive
Monthly Archives: October 2010
October 29, 2010
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Day Trading Strategy for Crude Oil and Dollar Index Futures
**All of the materials in the Beg, Int and Advanced Courses all have SLIDES you can download** **Today @ 11am EST we will do Beginner’s Training** Canadian News = Crude Oil news (the largest exporter of Crude oil is Canada) We remind ourselves that Friday’s can be hit or miss – We have the election […]
Continue reading October 29, 2010
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Day Trading Strategy to Identify Opportunities for YOUR Trading Goals
– How do you find YOUR best pattern? o Lots of options Breakout trades Reversal traders Scalping trades Swing trades Crude, Gold, Russell, ES o Experience and a larger account we can trade almost anything, but remember that doesn’t mean I should trade everything! o What are the characteristics of […]
Continue reading October 28, 2010
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Trend Line Break on Gold and E-mini Russell Futures
Friday morning @ 11am est here in the trade room we will be doing ‘beginner’s basics’ so everything you need to know about everything beginner. Bring your friends and bring your questions on Friday morning – Using indicators – Trend lines – Trade management strategies – Looking for simple price patterns 815am est – Dollar […]
Continue reading October 28, 2010
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The Computer I Use For Day Trading Gold, Crude Oil, Euro and Other Futures Markets
One of the most important tools you need to be a day trader is a computer. Dont spend thousands of dollars on some fancy machine that wont help you make more money. I’ve listed the most important information on day trading computers right here. Members can log into the advanced course and find the exact […]
Continue reading October 27, 2010
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The WRONG Way to Day Trade Gold and Crude Oil Futures
830am est – We begin our day looking at the dollar index o Narrow trading range compared to Tuesday o Trading above the range from Tuesday, we call this an outside trading day o Looks like it may be flattening from the bullish trend we saw Monday and Tuesday o Average true range is still […]
Continue reading October 27, 2010
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Identify the Lowest Risk Day Trading Opportunities for Any Market
– Highest percentage trades = most confidence so find YOUR trade! o Define the type of market Trending market? • Trade with the trend; need to know where my BIG PICTURE Highs/Lows are • Then make sure we are NOT buying into the highs, or selling into the lows • I can trade against […]
Continue reading October 26, 2010
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Sideways Market Trading Strategy for Dollar Index, Crude, Gold, Euro & Russell
830am est – Gold futures trading at the new lows of the day as the dollar pushes new highs – We have slow speed of the tape on the gold futures – We have low average true range – We have what appears to be a very indecisive market this morning. o 13-range shows us […]
Continue reading October 26, 2010
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Avoiding First Trade Losses
– Why do early morning trades fail? o Not enough yet o No news events have sparked the interest of traders o Your emotions do the trading o The dollar is still sitting sideways o Start with the dollar index: Look at ATR • If the ATR is rising, this is going to be […]
Continue reading October 25, 2010
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Flat Dollar Index Makes Trading Crude, Euro and Gold Futures More Difficult
830am est – The dollar index is trying to find its bearings this morning after a rollercoaster ride on Friday evening. – Lets compare the trading range for today to the previous range o Clearly we’re a lot more narrow than we were last Friday, but we cant trust this comparison o Inside day (trading […]
Continue reading October 22, 2010
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Gold and Crude Oil use the Dollar Index to avoid big losses on Options Expiration Friday
845am est – Dollar index futures are screaming at us to be careful early this morning. o Narrowing price action on the 21range chart o Narrowing average true range from earlier this week o ATR – Dollar index futures are screaming at us to be careful early this morning. o Narrowing price action on the […]
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