March 23, 2012

+275t Day Trading Crude Oil, Euro, Gold and E-Mini E-Mini-Russell Futures

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Our day trading
strategy for Friday’s is quite simple, and today we really needed to keep it
simple after coming off a rocky Thursday in the markets.
  This morning we began with some light volume
early because there wasn’t any major US news until after 930am EST.  we knew right away that it would take a
little time for our markets to develop some personality, and once they did we
earned an easy 275 ticks of profit trading 4 different markets, and helping our
members learn and earn right along with us!

The first clue we got this morning was the dollar index, and
we considered this to be the most important clue of the morning, telling us
WHERE the dollar index was most likely to go. 
Remember, nothing is 100% certain as a day trader, so we are always
watching, but this morning the AB=CD Pattern made us very confident that the dollar
index price would fall lower by the end of the US morning session, we just didn’t
know WHEN.  If you recall from Thursday’s
Live Trade Room Review
we had a rough day on Thursday because of a similar
situation on the dollar index that never dropped, and price action sat still
all morning.  We were trying to stay
patient this morning waiting for the dollar index to tumble, and our patience
paid off.

Crude Oil gave us some easy clues this morning as well,
seeing a bear price channel and a price wedge structure we decided that if the dollar
index was going to drop we wanted to buy Crude Oil futures at the lows of the price
wedge, and that is EXACTLY what ended up happening.  Amazingly, we took a Fast Track Method trade
at 9:45am EST today that took profit at the highs of the price wedge, and price
KEPT GOING HIGHER…. and HIGHER… and when crude prices tested the highs of the
major bear price channel around 108.00 we then looked to fade-the-breakouts on
this very predictable market and with our final targets at the support levels
below price, using the PHOD as the final target, we earned 50 ticks going up,
and another 90 ticks on the way down.  That
will make your weekend a little brighter now wont it!

This morning in our live trade room we called a Fast Track Method trade on the E-Mini-Russell.  We
provided the exact entry, stop loss, and 3 profit targets for our members, and
ALL THREE TARGETS were hit, giving everyone in the live trade room the
opportunity to profit along with us.  If
you know how to place a LIMIT order on your DOM, and you can HEAR and SEE when
I call these trades on the Fast Track Method you can easily make money right
along with me every day.

As you can see from the snapshots posted, we had quite a few
winning Fast Track Method trades today, lots of easy ways for our members to
EARN & LEARN every day as they develop their trading skills to be a
professional trader.

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I trade my own account in our
live trade room, My trading statements are
available on request

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    schooloftrade

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