January 22, 2013

SchoolOfTrade; day trading strategy morning prep

“I don’t care how much power, brilliance
or energy you have, if you don’t harness it and focus it on a specific target,
and hold it there you’re never going to accomplish as much as your ability
warrants.”

–Zig Ziglar 
News for
the day:

This morning we return from a short
Holiday-break from the markets
which means we can assume today will be a little sluggish
getting back to normal ‘speed’ once again. 
Humans are all pretty similar in the fact that we all love to go on
vacation, and we hate getting back to our desks…sound familiar?  This morning we know traders will be late to
the party, so be patient as the day starts.

We have economic news this morning at
10:00am EST which also lends to a sluggish start
and we will most likely see the best
price-action this morning from 9:30am through 11:30am EST.  We will be sitting on hands at 9:30am for the
US market open, and then at 10:00am EST for today’s news.
8:20am EST:    Gold & Currency Futures Open
8:30am EST:    Market personality Check
9:00am EST:    Crude Oil Futures Open
9:30am EST:    US Markets Open
10:00am EST:  Existing Home
Sales & Richmond Fed
Manufacturing Index
10:30am EST:  Market personality Check
11:00am EST:  Live Trade Recap & Recorded Training
Begins

12:00pm EST:  Lunch Break
———————————————————————————————————
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members receive LIFETIME Trade-Room Access. 
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