January 30, 2012
- in Uncategorized by schooloftrade
Day Trading AB=CD Pattern & Price Wedge Crude oil, Euro currency, and Mini-Russell Futures
Today was Monday, the beginning of our week, so our goal this morning was very simple;
don’t get caught up in the slop and chop before the week gets going, and focus
on getting mentally and technically prepared for ‘battle’. The key is getting started with your morning
routine and forget about all the worries you developed over the weekend.
don’t get caught up in the slop and chop before the week gets going, and focus
on getting mentally and technically prepared for ‘battle’. The key is getting started with your morning
routine and forget about all the worries you developed over the weekend.
We had a slight bump in the road this morning with Zen Fire
Data servers being down, this stuff happens sometimes, but we reacted with a
good ATTITUDE and we stayed patient before it came online this morning around
830am EST. The data issue was a great
example of something SMALL that could have easily got our emotions going in the
wrong direction but we did great working around it.
Data servers being down, this stuff happens sometimes, but we reacted with a
good ATTITUDE and we stayed patient before it came online this morning around
830am EST. The data issue was a great
example of something SMALL that could have easily got our emotions going in the
wrong direction but we did great working around it.
This morning began very sloppy, felt like traders hit the
snooze button a few times this morning and the first two trades we took lacked
market personality and I ended up scratching out of both of them without giving
them the opportunity to work for me.
It’s too bad, the Russell trade went for a LOT more than I got out of
it, and I completely missed the AB=CD buying opportunity on crude oil futures.
Oh well, that’s why we wait for the next opportunity, it didn’t take too long
to present itself.
By 1100am EST this morning we had watched a very small
window of opportunity come and go, and we had earned over 70 ticks this morning
by simply following our morning prep which was posted on our blog at 745am EST
for our members and guests to use.
The key to our trading strategy success this
morning was following the plan. We
wanted to buy the price channel lows on euro currency futures, buy the support
from the AB=CD on crude oil futures, and buy the price channel on Mini-Russell
Futures. If you followed this simple
trading strategy this morning, used our simple tools to trade with me in the
trade room you made some great money. We
open our trade room @ 730am EST tomorrow, so come see us again soon!
morning was following the plan. We
wanted to buy the price channel lows on euro currency futures, buy the support
from the AB=CD on crude oil futures, and buy the price channel on Mini-Russell
Futures. If you followed this simple
trading strategy this morning, used our simple tools to trade with me in the
trade room you made some great money. We
open our trade room @ 730am EST tomorrow, so come see us again soon!
