Archive

Monthly Archives: August 2013

August 2, 2013

Euro day trading strategy

Euro Anchor Chart: Euro Anchor Chart We are trading right in the middle of this sideways-trading-range on the Euro anchor chart this morning after the Non-Farm Payroll report was released. We can see trigger-zones below us at 3172 and 3071, and we’ve drawn trend-lines above and below to create a simple price-wedge structure. We want […]

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August 2, 2013

Gold day trading strategy

Gold Anchor Chart Gold Anchor Chart: Gold is trading lower this morning with new lower-lows after the release of the Non-Farm Payroll report.  We have retraced off the 1282.5 lows and tested the trigger-zone at 1308.0.  This is a very important location because if we collapse we will sell short back down to the 1282.5 […]

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August 1, 2013

US Trading Session Morning Up-Date; Jobless Claims continue to impress

Initial jobless claims fell to their lowest level since January 2008 and shrank more than expected.  The four-week average dropped to 341K, which is below the 350K level that economists say indicates moderate job growth.  Meanwhile the July ISM manufacturing index topped expectations and hit its highest level since April 2011. The key employment component […]

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August 1, 2013

Mini-Russell day trading strategy

Mini-Russell 60-minute: Russell 60-Minute The Mini-Russell is trading in a sideways-trading-range this morning near the highs of the price-wedge we can see on the 60-minute anchor chart.  We want to sell-the-high at resistance and buy-the-lows at support when we see a price-wedge.  Right now appears to be a perfect location to look for a price-reversal […]

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August 1, 2013

Gold day trading strategy

Gold 60-minute: We can see Gold trading in the middle of the range, with trend-lines above and below us acting as major support and resistance.  We are seeing big candlestick wicks and flat moving-averages this morning in the middle of a price-wedge. All of this tells us that price-action and trading opportunities will be higher-risk […]

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August 1, 2013

Euro day trading strategy

Euro 60-minute: The Euro is trading sideways this morning after tumbling off the recent highs after the FOMC report was released on Wednesday afternoon. Join us HERE. Euro 5-Minute: Euro 5-Minute We are inside the trading-range from London, very narrow, and just recently we broke to new lower-lows and we are anxious to see if […]

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