Archive
Monthly Archives: February 2011
February 8, 2011
- in Uncategorized by schooloftrade
Buy the Lows on Crude Oil and buy pullbacks at new high of day using token prints for price reversal
The new momentum indicator is available for download and the chart template is also posted (Fast2) Load that to your 21range and 13range charts and then make sure the indicator are pointing at the correct chart timeframe. We will be doing training on Wednesday @ 1130am est 840am EST – The dollar index is trading […]
Continue reading February 8, 2011
- in Uncategorized by schooloftrade
Trend Reversal or Trend Continuation Pattern, day traders use them both
How do we use speed? o Speed is the pace of the orders coming into the market o Our members will use the pace of tape indicator to measure that speed. o Red = Slow o Yellow = medium o Green = Fast o Most important thing is the condition of the speed (rising […]
Continue reading February 8, 2011
- in Uncategorized by schooloftrade
Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:20 Gold & Currencies OPEN 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:30 E-mini Reversal 11:00 Transition into Lunch 11:30 European Close / Live […]
Continue reading February 4, 2011
- in Uncategorized by schooloftrade
Day Trading NonFarm Payrolls on Gold and Crude Oil Futures Dollar Correlation
815am EST – The dollar index is trading at the highs of the price wedge, and trading sideways from 77.995 down to 77.745 – We need to remember the rules of trading a wedge pattern, dont get fooled by the fake-out breakout. – We aren’t going to trade the dollar, this is simply used as […]
Continue reading February 4, 2011
- in Uncategorized by schooloftrade
Pace of Tape Indicator measures the Speed of the Futures Markets we are day trading
– Pace of Tape Indicator o Measures the speed of the orders coming into the market o Does not count contracts o It is not a vol indicator o Treats a 10c trade the same as a 1c trade. It simply counts the trades coming into the market o Very simple indicator o Three colors: […]
Continue reading February 4, 2011
- in Uncategorized by schooloftrade
Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:20 Gold & Currencies OPEN 8:30 NonFarm Payrolls 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:30 E-mini Reversal 11:00 Transition into Lunch 11:30 European […]
Continue reading February 4, 2011
- in Uncategorized by schooloftrade
NonFarm Payrolls
Definition.. -The employment situation is a set of labor market indicators based on two separate surveys in this one report. The unemployment rate equals the number of unemployed persons divided by the total number of persons in the labor force, which comes from a survey of 60,000 households (this is called the household survey). Workers […]
Continue reading February 3, 2011
- in Uncategorized by schooloftrade
Day Trading Gold and Crude Oil with Jobless Claims
815am est – The dollar index is trading sideways this morning – We are at the highs of this range so we look for the dollar to do 1 of 3 things o Make new highs, look for selling opportunities o Bounce off the highs and drop down, looking for buying opportunities o Goes sideways, […]
Continue reading February 3, 2011
- in Uncategorized by schooloftrade
Momentum Day Trading Strategies
– Momentum and how we use it in our day trading o Its an oscillator o Very easy to learn, but more challenging to use o We know that when momentum is pointing UP we want to trade LONG o When momentum points down we want o trade SHORT o Oversold and overbought momentum = […]
Continue reading February 3, 2011
- in Uncategorized by schooloftrade
Day Trading Morning Prep Gold, Crude Oil, Dollar Index, Euro, E-mini Russell Futures
Live Trade Room is open, come join us! Click here for helping logging into the Trade Room Let’s begin our morning routine with the economic news for today’s trading session. 8:20 Gold & Currencies OPEN 8:30 Jobless Claims 8:30 Productivity & Costs 9:00 Crude Oil OPEN 9:30 US Market OPEN 10:00 Factory Orders 10:00 ISM […]
Continue reading