January 25, 2013

SchoolOfTrade; day trading strategy morning prep

“Success is not the key to happiness. Happiness is the
key to success. If you love what you are doing, you will be successful.”
-Albert Schweitzer

News for
the day:

This morning we finish off an
exciting week of trading with a Friday morning that is lacking a lot of
economic news to work with.
  We will see early-morning price-action
on Friday mornings and then we will be watching the clock closely between 930am
and 1100am EST.  We have 10:00am EST news
that we will be looking for trading opportunities and then setting our alarm
clock for 11:00am EST when the weekend begins and the traders leave the
market.  
Remember that Friday is all
about market personality, and we need to be aware that at some time this
morning this week is going to come to an end, so be aware. 
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:                     New Home
Sales 945
10:30am EST:                      Market
personality Check
11:30am EST:                      Weekend Begins / Trade Review
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