Archive
Monthly Archives: May 2012
May 31, 2012
- in Uncategorized by schooloftrade
Another reason to follow a proven trading plan; Crude Oil & E-Mini-Russell earn +165ticks
This morning we had some big clues from the news, market personality and the dollar index which helped us earn over 165 ticks of profit. Fast Track Method earned over 200 ticks of profit this morning as they followed a very simple and methodical day trading strategy that tells them exactly what to do, and how […]
Continue reading May 31, 2012
- in Uncategorized by schooloftrade
Dollar index day trading strategy
The dollar index trades in a long term bull price channel, inside the range from yesterday, with a short term bull price channel along with lots of overhead resistance. The dollar index is used as a correlated market so when the dollar index is rising the NEGATIVE correlation tells us the prices on Crude Oil, […]
Continue reading May 31, 2012
- in Uncategorized by schooloftrade
Traders Finish the month with LOTS of News to Work with
05 31 12 Traders Finish the Month with LOTS of News Professional traders always remember one important fact; the present is always a grand total of the past. This moment right now is the sum of all your experiences, all the fears and opinions, and everyone that has molded us little by little along the […]
Continue reading May 31, 2012
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Market personality clues told us to sell short with Wave Patterns for +135ticks profit
This morning the market personality was clearly bearish as news overnight and a strong dollar index pushed almost everything lower with us selling short all the way down. We used key levels such as the PHOD to anticipate large moves from top to bottom of our trading ranges for over 135 ticks of profit. Click here to […]
Continue reading May 30, 2012
- in Uncategorized by schooloftrade
+135ticks using Market Personality and Price Failures
Check back soon for the entire recap for today…
Continue reading May 30, 2012
- in Uncategorized by schooloftrade
Day trading strategy dollar index
We have a very bullish market this week on the dollar index, and as of Tuesday morning we noticed how we were making new higher-highs, higher lows, and pushing through the overhead resistance. With this bullish dollar index we know other markets are falling lower and we use the negative correlation between the rising dollar […]
Continue reading May 30, 2012
- in Uncategorized by schooloftrade
Traders Prep; staying patient ahead of news
Reading the tape allows professional traders to put a finger on the pulse of the market they are trading, and when used correctly this skill will lead to much improved entries and exits. Watching for the size, color, and disposition of each order that comes onto the ‘tape’ a professional trader will also use speed […]
Continue reading May 29, 2012
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Patience and a simple trading plan earned us +195ticks today
This morning’s trading strategy was just as simple as our 5 winning trades for over 195 ticks of profit this morning. We come back from any break in the action with the same day trading strategy; get back into the routine and stay patient. First, we needed to get the dust knocked off our […]
Continue reading May 29, 2012
- in Uncategorized by schooloftrade
Day trading strategy dollar index
The dollar index is pushing new higher-highs this morning above the trend lines as resistance and the swing-high resistance at 82.450. As price pushes through both the swing-high and the double-bottom resistance we know this tells us the bullish strength to the dollar index, which we will use later in the process as we get […]
Continue reading May 29, 2012
- in Uncategorized by schooloftrade
Traders back to Action; Consumer Confidence on our Radar
Professional traders understand that the markets we trade are the great teachers in our career, and we must appreciate the different tools it uses to show us the way to long term profits. The markets teach us skills such as discipline to wait for the best opportunities; patience to let each trade play out according […]
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