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Monthly Archives: September 2011
September 13, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update at 12:00ET
Dow -31 S&P +0.4 NASDAQ +7 ***Economic Data*** – (US) Aug NFIB Small Business Optimism: 88.1 v 88.0e – (US) ICSC/GS weekly chain store sales w/e Sep 10th: +1.3% w/w; +3.3% y/y – (PD) Poland Aug CPI M/M: 0.0% v -0.3%e; Y/Y: 4.3% v 4.2%e – (BR) Brazil Retail Sales M/M:1.4 % v 1.0%e; Y/Y: […]
Continue reading September 13, 2011
- in Uncategorized by schooloftrade
Outside Days show us trading opportunities with new highs
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil pushes through Monday’s Highs – Gold trades in the middle of its multi-day trading range, holding at the lows of Monday’s range – Euro trading at Monday’s highs – Russell trading at Monday’s highs – European shares hit two-year low for the […]
Continue reading September 12, 2011
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Fade the Breakout +400 ticks; Gold, Crude Oil, Russell and Euro Futures
Monday morning, get myself in the right frame of mind first. My job today is very simple, find those highpercentage trades. 3 ways use can use news: · Beginner : know when the news is, avoid the news altogether. · Experienced Trader: read the reaction to the news · Professional Trader: bias going into the […]
Continue reading September 12, 2011
- in Uncategorized by schooloftrade
How low will Gold Futures Go?
Gold may decline to below $1,700 an ounce this month before climbing to an all-time high of $2,000 in October as the metal extends its longest rally in at least nine decades, according to technical analysts. Gold’s jump to a record $1,921.15 an ounce on Sept. 6 pushed it to “overbought” levels and the metal […]
Continue reading September 12, 2011
- in Uncategorized by schooloftrade
Trade The News Market Internals Update at 12:00ET
Dow -118 S&P -12 NASDAQ -15 ***Economic Data*** – (IC) Iceland Aug Unemployment Rate: 6.7% v 6.6% prior – (PD) Poland Current Account: -€1.6B v -€1.6Be; Trade Balance: -€1.2B v -€1.1Be – (MX) Mexico July Industrial Production M/M: +0.5% v -0.6% prior; Y/Y: 3.2% v 3.6%e – (MX) Mexico Jun Gross Fixed Investment: 11.6% v […]
Continue reading September 12, 2011
- in Uncategorized by schooloftrade
Easy way to find the best LOCATIONS to trade
Find the Highest Percentage LOCATIONS: At the highest percentage locations, I look for high percentage patterns (3 price patterns) at the highest percentage times of the day (entry rules) I begin looking for the highest percentage locations with my slowest timeframe first. Start with my 89-range chart, and I mark the following: – Price Wedges […]
Continue reading September 12, 2011
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Price Wedges make for easy trade opportunities if we can stay patient
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Crude Oil chops around in the middle of a major price wedge 86.00 Gold Futures look very similar, right in the middle of the range, 1845 Euro climbing off last Friday’s Lows Russell sits on major support, we look for double bottom or new lows […]
Continue reading September 11, 2011
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Day Trading Computers; desktop, laptop, and my current specifications
here are some useful posts from our blog regarding Day Trading Computers (my current specs) http://www.sidewaysmarkets.com/2011/07/can-i-use-laptop-for-day-trading (laptop needs) Feel free to email me with questions about your trading computer needs
Continue reading September 9, 2011
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Catch a falling market with this simple day trading strategy on Crude Oil, Gold, Russell and Euro
Mini Russell has rolled forward to the 12-11 contract. The Euro has not rolled forward yet, the volume is still higher on the 09-11. 830am est Markets are sloppy on this Friday morning, and we are staying patient, waiting for the personality to give us opportunities. Crude Oil futures are giving us three distinct price […]
Continue reading September 9, 2011
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The Bears are out on Crude Oil…is it warranted?
Crude and petroleum product prices slipped lower Sept. 8 despite a bullish government report on US inventories before President Barack Obama’s speech to a joint session of Congress. Obama proposed a $447 billion jobs package he claimed would stimulate the economy without adding debt. But industry analysts and investors apparently aren’t buying into that plan. […]
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