Archive
Monthly Archives: May 2011
May 26, 2011
- in Uncategorized by schooloftrade
Inside vs. Outside Wave patterns, buying pullbacks at the best times
Inside vs. Outside Wave patterns Wave Long = Buying a pullback Wave short = selling a retracement Wave pattern = breakout/trending market pattern Sideways range are dangerous with a wave pattern if we don’t get higher highs or lower lows to confirm the BREAKOUT. You need to avoid the fake-out breakout Candlestick Patterns can be […]
Continue reading May 25, 2011
- in Uncategorized by schooloftrade
Crude Oil Inventories JUMP…why buy pullbacks?
The news out of the euro zone this morning about rising debt concerns has us expecting a dollar correlation that might be a little different. Today we may see the Gold and the Dollar both rising as traders take profit (or dump) euro contracts and pick up the USD and the Gold to take shelter […]
Continue reading May 25, 2011
- in Uncategorized by schooloftrade
- |
- 1 comments
Chart Trader Function in NinjaTrader 7
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 May 25, 2011
- in Uncategorized by schooloftrade
- |
- 2 comments
Dollar Rallies on Debt Concerns in Europe, Crude Trades sideways and Gold hits new swing highs
News out of Europe this morning has traders concerned that European leaders will have trouble getting the EU Debt under control. This caused the euro to drop overnight and the dollar pushed to the highs of its trading range. We will see how the rest of the day looks as it develops into the US […]
Continue reading May 24, 2011
- in Uncategorized by schooloftrade
Goldman Sachs & The Dollar Index made us profit today, here’s how
We have 2 news events this morning at 10am, New Home Sales will be the big one, but Richmond Fed Index will be used to interpret the crude oil inventories later in the week. I will use the Dollar Index (read the tape) to interpret the market reaction when we have 2 news events in […]
Continue reading May 24, 2011
- in Uncategorized by schooloftrade
- |
- 1 comments
Big Round Numbers are on the minds of traders as we head into 10am Manufacturing News
Overnight news pushes commodity prices higher on rumors of rising prices, which has the markets moving this morning inside of its wide sideways ranges. The Dollar index plunged to its big round number of 76.000 as Crude heads to 99.00 and Gold back up to 1525.0. Looking at the news for today we have multiple […]
Continue reading May 23, 2011
- in Uncategorized by schooloftrade
Three Clues all we need for profit day trading crude oil and gold
855am est We review the news today We have no CAD-related news which will impact crude oil futures We have no major economic news reports today, so expect to see a potential Golden Lunch We will look for clues for the Golden lunch later on today @ 1100am est when the day slows down. We […]
Continue reading May 23, 2011
- in Uncategorized by schooloftrade
- |
- 2 comments
Sideways Ranges make easy day trading targets for this week
Good morning everyone and welcome to a short week of trading the markets we love. Nothing of any real trading value happened over the weekend, so we can look forward to this week. We don’t have any major news today scheduled, just a minor report at 830am on the Fed’s National Activity Index which may […]
Continue reading May 22, 2011
- in Uncategorized by schooloftrade
- |
- 6 comments
Morning Prep Routine for Day Traders & Trading Options Expiration Friday
Morning Routine: I can’t be confident when I perform the routine the night before. I do this the same day I trade. You may be able to do the 89range levels (slower timeframe) the night before. Wake-Up @6am EST First thing, turn on cpu, and load your charts Eat Breakfast: Green Tea, Fruit Smoothie (whey […]
Continue reading May 21, 2011
- in Uncategorized by schooloftrade
- |
- 1 comments
Range-Bound Markets make for easy day trades, Dollar Gave Clues
Click here to review our Automated Trading System results for this week!Looking for clues this morning for what this day will look like… No major news today Its OPEX, so assume traders will be away from the markets if they can Gold & Currencies open with very little volume @ 820am EST The Dollar index […]
Continue reading