Archive
Monthly Archives: August 2011
August 31, 2011
- in Uncategorized by schooloftrade
Double-Bottom & Price Wedge make easy clues day trading crude oil and gold futures
Today is Wednesday of the last week of the summer and we know we have two big things to watch today: 1. Volume early and late morning 2. Crude Oil Inventories at 1030am today 820am est Crude Oil Futures are trading in a price wedge, bull channel, and sideways range on the slower timeframe 89range […]
Continue reading August 31, 2011
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Buying Pullbacks & Selling Retracements are easy if you have these rules
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 August 31, 2011
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Traders Look for Clues from Economic News this morning
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil tests the highs of the Major Price Channel, and lack of demand may cause this market to tumble today and tomorrow – Gold Futures consolidated this morning ahead of ADP Employment news in the US – European equity indices opened the session […]
Continue reading August 30, 2011
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Price Wedge & Bull Channel make for easy day trading Crude Oil Futures
We may see a slower than normal Tuesday with the FOMC Meeting Minutes at 2pm EST this afternoon. We assume a lot of the BIG MONEY will be sitting on hands waiting to see this report. 800am est Crude Oil Futures look very consolidated here this morning after the big pop up on Monday […]
Continue reading August 30, 2011
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Gold Futures waiting for News from Fed Meeting Minutes 2:00pm Today
Gold rose in New York on speculation that the Federal Reserve will ease monetary policy further to stimulate the economy, boosting the appeal of the precious metal as an alternative asset. “We need to do more,” Chicago Fed President Charles Evans said today in a CNBC interview. The Standard & Poor’s 500 Index fell after […]
Continue reading August 30, 2011
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TradeTheNews.com US Market Update
Dow -41 S&P -6.4 NASDAQ -5 ***Economic Data*** – (BR) Brazil Aug FGV Inflation IGP-M M/M: 0.4% v 0.4%; Y/Y: 8.0% v 8.0%e – (US) ICSC/GS weekly chain store sales w/e Aug 27th: +0.1% w/w; +3.0% y/y – (CL) Chile July Industrial Production Y/Y: 0.7% v 3.5%e; Industrial Sales Y/Y: % v 3.8%e – (CL) […]
Continue reading August 30, 2011
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Price Magnets make great profit targets, beware entries
Price Increase 5-10% Sept 1, 2011 End of Month discount Sales@SchoolOfTrade.com Price Magnets: Are very common levels of support and resistance that results in price ‘gravitating’ towards them. Often, these price magnets are very easy to use a profit target, but they make very high risk entries for trades. You can easily give back any […]
Continue reading August 30, 2011
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Crude Oil fails, Gold stable at big round numbers as traders prep for Consumer Confidence Numbers
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil still trading below 90.00 on fears of too much supply and not enough demand – Seasonal impact on Gold Futures may be another thing to watch as people take profit – S&P lowered its 2011 and 2012 GDP outlook for the Euro […]
Continue reading August 29, 2011
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Follow our trade plan; Price Wedge helps us hit out daily goal day trading Gold Futures
Price Increase Scheduled for Sept 1, 2011 800am est Gold Futures are trading in a price wedge this morning on our 89range chart. – Price Wedge – Bull Channel – Sideways Range Our 89range chart shows us the major support levels below us, and gives us easy profit targets if price is to keep rising. […]
Continue reading August 29, 2011
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Trade the News Market Internals Update at 12:00ET
Dow +158 S&P +19 NASDAQ +49 ***Economic Data*** – (GE) Germany Aug Preliminary Consumer Price Index M/M: -0.1% v -0.1%e; Y/Y: 2.3% v 2.3%e – (GE) Germany Aug Preliminary CPI EU Harmonized M/M: -0.1% v 0.1%e; Y/Y: 2.4% v 2.5%e – (US) July Personal Income: 0.3% v 0.3%e; Personal Spending: 0.8% v 0.5%e – (US) […]
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