Archive
Monthly Archives: November 2010
November 18, 2010
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Day Trading Strategy for Day Trading Gold and Crude Oil Futures at 10am News Release
Another exciting day we had our live trade room, another 300 ticks of profit, and now over $11,000 this week alone on only 4 contracts. We didn’t have an easy day like yesterday, today we had to work a little harder to keep up with all the patterns, and we didn’t see nearly as many […]
Continue reading November 17, 2010
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Day Trading Strategy for Crude Oil Inventories News 1030am Wednesday
Today is wacky Wednesday Wednesday before the Friday of OPEX. Third Friday of every month is options expiration. The Wednesday before that Friday is when traders begin to balance their portfolio ahead of the expiration on Friday – Large un-expected times of volume – Large buyers and sellers can make it hard to tell when […]
Continue reading November 17, 2010
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Price Reversal Patterns using Support and Resistance Day Trading Strategy
– Price reversal patterns and our trigger lines o Using the 2-step pattern but keep a close eye on the trigger lines from slower timeframes – Does a higher risk trade mean higher reward? o Usually no, lower expectation for success o The reward will be LESS than normal because your rules aren’t lining up. […]
Continue reading November 16, 2010
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Biggest Day of 2010; Selling Short on Gold and Crude Oil Futures Strategy
800am est – Let’s begin our review of the markets with the dollar index futures o Bullish price channel o Middle of the price channel o Bullish wedge pattern o Selling divergence at the highs o Flat trigger line = sideways dollar = sideways everything else o Narrow trading range o Speed is slow o […]
Continue reading November 16, 2010
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Price Channels and Wedges, Drawing Trend Lines and Using These to Make Trading Opportunities
– Trading with trend lines; wedges and channels o Open your chart and zoom all the way out Control + up/down arrow o Drawing trend lines o Defining different patterns Wedge • Sell the highs • Buy the lows • Avoid the middle • Don’t be afraid to trade wedges inside of wedges […]
Continue reading November 15, 2010
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Stop Loss on Gold Futures selling the highs, 2nd move was winner, here’s why
Disclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]
Continue reading November 15, 2010
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Day Trading Patterns; Easy Ways to Find Trading Opportunities
– Tips and Tricks for Identifying Patterns o Keep it simple o Use range charts Compare a 3-min to a 13-range • Minute charts are VERY different, sloppy, sideways, big candles, small candles • Range charts ALWAYS look the same o Focus on 1 market at a time and learn that 1 market first […]
Continue reading November 12, 2010
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Price Reversal Strategy sell the Highs on Crude Oil and Gold Futures
Professional traders react to trading opportunities with full acceptance of all responsibility and all trading results. Professional traders get into that ‘zone’ where they see and they react on almost instinct. That ‘instinct’ comes from repetition and consistency. The first thing this morning is to check the news: 815am EST – We begin our day […]
Continue reading November 12, 2010
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Risk Reward Ratio for Day Trading Futures Strategy
– Risk/Reward Ratio o How much risk per trade? (stop loss) o Compared to how much reward on each trade (profit targets) o Low risk/reward ratio is one of the most aspects for a new trader. o New traders are expected to make mistakes o Low R/R/R will allow you to make those mistake without […]
Continue reading November 11, 2010
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Sold Highs on Crude Oil and Gold Futures for Veterans Day Trading Profits
Our first job is to check out the dollar index futures – Narrow trading range – Inside the range from Wednesday (inside day) – Slow speed – Relatively low Average True Range – Begin a holiday we can assume this is due to low volume from fewer people in the market today. 845am est – […]
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