January 18, 2013

SchoolOfTrade; day trading strategy morning prep

Don’t
be afraid to try something new. The ark was built by amateurs, and the Titanic
was built by experts! -Anonymous

OPEX Alert:  This morning is the third Friday of the month, which means we are in Options Expiration today.  Look for early-morning opportunities leading into a slow end of the morning as trader hit the exits earlier than usual.

This morning we wrap up a busy week of trading with news in
the middle of the US morning-session so we will be staying patient early in the
day, looking for the high-percentage-trades occurring between 9:30am and
11:00am EST and watching the clock because it’s a Friday.  Be sure not to trade too late on a Friday,
with most professionals calling it quits around 11:00am EST.  We will look for our trading opportunities
early in the session today, and then head into the weekend.

8:20am EST:        Gold
& Currency Futures Open

9:00am EST:        Crude
Oil Futures Open
9:30am EST:        US
Markets Open
9:55am EST:        Consumer Sentiment (p)
11:00am EST:     Weekly
Recap & Weekend Begins!
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