Archive

Monthly Archives: January 2013

January 28, 2013

Gold Anchor Chart Prep:

Gold Anchor Chart Prep: We can see gold trading below the PLOD which means we are looking for 2 trading opportunities.  First, if the price-action moves above the PLOD we have the InsideOut Set-up.  Second, if the price-action makes lower-lows we then have a Wave Set-Up. We can see symmetry support around 1645.0 which will […]

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January 28, 2013

SchoolOfTrade; day trading strategy morning prep

“Watch your thoughts; they become words. Watch your words; they become actions.  Watch your actions; they become habits.  Watch your habits; they become your character.  Watch your character; it becomes your destiny.  -Frank Outlaw News for the day: This morning we begin a new week in our live trade room with a US morning-session filled […]

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January 25, 2013

Mini-Russell Chart Prep

Mini russell Chart Prep We can see the Mini-Russell is trading just above the highs from Thursday, giving us two potential set-ups to consider.  First, if we see new higher-highs we can use the Wave Set-Up to enter long.  Second, if the buyers fail above the PHOD we will sell short using the InsideOut Set-up […]

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January 25, 2013

Crude Oil Futures Chart Prep

Crude Oil Anchor Chart Prep 1 Crude Oil Futures trading inside the range from Thursday, meaning that we are not looking for Wave Set-Ups and we are looking for set-ups such as the price-wedge and the InsideOut Set-up. Crude Oil Anchor Chart Prep 2 Our day trading plan for Crude Oil this morning is to […]

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January 25, 2013

Euro Chart PRep

Euro Anchor Chart Prep We have higher-highs and higher-lows on the euro futures this morning above the PHOD so we assume the bulls came to play this morning and are in control of this price-action.  Above the PHOD we have the wave set-up if price keeps making new higher-highs and we have the InsideOut Set-up […]

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January 25, 2013

Gold Chart Prep

Gold Futures Chart Prep We can see the price-action moving lower this morning below the PLOD and giving us a wave set-up to the downside.  We also know that if these buyers can bring the price above the PLOD (sellers will fail) we will use the InsideOut set-up to buy the failure. We can see […]

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January 24, 2013

Mini-Russell Anchor Chart Prep

Mini-Russell Anchor Chart This morning we are watching the mini-russell breaking to new highs above the PHOD and giving us many set-ups to consider.  First we are looking for a wave set-up b/c we are trending on the TF.  We can see Symmetry resistance overhead, right at the same location at the highs of the […]

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