James Wave Trading Education

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Ticks Live! Trend Lines told the Story

Fri, 11 Jun 2010 15:07:42 -0500

Todays Trade Room Notes: 830am EST - Dollar index futures dropped and then retraced off those lows, trading sideways o News @ 830am made the market jump, but we expect the price to trickle back down to the opening of the day  We want to avoid trading around the OPEN, and when the dollar is at the open, we expect the rest of the markets to be very sideways. o Speed is slow (RED P.O.T.) o Average true range was RISING, which means we may see an improvement in price action - Euro Futures are trading sideways, very quiet day so far in the euro o Pace of tape has very little speed o Trading at the open (zero line) o Average true range = rising, so we SHOULD see some moves today! 945am EST - Just ahead of the 955 and 1000am news we notice that all the markets (Gold, Crude, Russell, Euro) are trading at their OPEN of the day o We need to use caution when we see trading at the open Trigger Line: - Support and resistance - Watch the SLOPE of the trigger line for the breaker and the wave pattern - Watch the medium and slow charts for the trigger lines as well 5 trades today, 5 Winners +37ticks, $395 usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

159 Ticks Live! Trade Management Strategies

Thu, 10 Jun 2010 15:50:03 -0500

820am EST - Dollar index futures are trading sideways, after they dropped the past 24 hours o We notice that we only have 1 double-top, and we have 4 double-bottoms on our slower chart o Tells me we have very little resistance, and lots of support o Negative correlation with the dollar and everything else we trade o Dollar support = resistance on everything else o Higher % trades today may be the short side  Fast chart confirms sideways market today  Speed of the tape is very slow < 100  Average true range has been dropping, and its at the lowest point of the week. - Euro Futures are trading slowly above the very important number of 2000 o Fast chart shows price trading at its open, so we arent too excited about the current location, we need to wait for the market to start to move. o Average true range is very low, the lowest all week - Gold Futures are very concerning this morning o Very slow speed of the tape < 50 today o We are trading in the middle on BOTH the slow and fast timeframe charts  We want to avoid trading in the MIDDLE of the chart b/c we call this the zero-line 930am EST - Dollar index futures trading through their lows, making new lows and continuing down o We need the lows to hold if we want to take the DX-Pattern o If we see those lows broken, we can then look for other markets to be getting more volatile o The dollar is the perfect hedge against a slow day  If the dollar is moving, everything else moves so we have lots of trades to take  If the dollar isnt moving, we look for the DX-pattern, which is VERY high % Make sure you use the correct trade management for the chart youre trading: - Scalpers will use the same trade management every single time they execute o 4/8/Runner - Day Traders / Position Trader o Use the markets support and resistance to plan our trade management o Most common ways to place your stops and targets:  Swing-High/Low  Trigger Line (thin yellow) Cheat Sheet (entry/exit rules) - Breaker o Be more than 5 ticks away from the big round number (75.00, 1.2000, 56.000) o Must see a breakout first, above/below the RED LINE o Swing Low for short trade, swing high for a long trade o 6-ticks from the swing-high/low to the next level of support/resistance  Uses your trade management as a guide  Scalper = 4/8/Runner 6 ticks = 4 + 2 slippage = 6ticks  Day Trader (13-range) 8/16 10-tick rule (8 +2) o Steep slope to the trigger line  Avoid trading a breaker pattern when we see a flat trigger line  You dont need to worry about the slope on a 2-step pattern b/c its a trend reversal use the trigger line as support/resistance for a 2-step o Momentum must be pointed down for a short, or up for a long  Be careful around overbought, or oversold momentum o Size of the orders (larger the better) o Speed of the orders coming into the market  Pace of tape indicator  Faster the better to confirm your entry. Exit Rules: - Green or Yellow POT = use my mechanical trade management o Pink line on Trade Man Chart - RED Pot I use a discretionary o Red POT = slow speed o MACD against my position  Long = macd below the zero line  Short = macd above the zero o Momentum curls against my trade 5 trades today, 5 Winners +159ticks, $1,590 usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

123 Ticks Live! Trade Management Strategies

Wed, 09 Jun 2010 16:54:47 -0500

820am EST - Dollar index futures have just broken their sideways range from earlier this week to the downside o Slow speed of the tape o Average true range is rising off its lowest levels of the week o We just broke the up-trend-line and now we wait to see where this move to the downside ends up going. How do you draw the best trend lines? - Start with a slower timeframe so you can see it all - Zoom out on your chart and push the price together as much as possible so you can see as much as possible. - Cover the edges of the price action o High to high o Low to low - Look for the previous swing high/lows - Double-check my work 840am EST - Gold futures trading sideways o Long term trend is down o Short term trend is flat o Average true range is rising o Speed of the tape is VERY slow < 100 = very slow 1045am est - Weve grabbed 60 ticks out of crude oil futures contracts today - Weve notices that the reason were so profitable is because of the following: o Simple patterns o Simple entry rules o Any timeframe will work o Any market will work o We use the best trade management strategy  Never let a winner turn into a loser  Profit on a 4-tick move as well as a 40-tick move  However, I want to make sure I keep my profit and my confidence along the way o We all want to take HUGE winning trades, but we need to be IN THE MARKET to make that money!  Get in with a tight stop  Take a quick profit  Eliminate the risk (stop to entry)  Wait to see if the market gives you anything more 10 trades today, 9 Winners +123ticks, $1,230 usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

151 Ticks Live. Day Trading Russell Futures contracts

Tue, 08 Jun 2010 15:42:06 -0500

800am EST Locating double-tops and double-bottoms are easy: - Start with the current price on your chart - Move up looking for the first swing high o Is that a double-top? - Then move to the next swing high? o Is that a double-top? - When youre done to the upside, then move to the downside - Move down to the first swing low o Is that a double-bottom? - Repeat as necessary all the way down - Then look for HIDDEN double-tops and bottoms and double-check that you didnt miss anything. 820am EST Dollar Index Futures are trading sideways in the same trading range from Monday - Slow timeframe is sideways - Fast timeframe is sideways - Speed of the market is very slow - Very low average true range - This information tells us to expect a slow market today. The dollar the leads the way, and a slow, sideways dollar is going to mean slow, sideways markets for us to trade today. 830am est - Crude Oil futures are confirming what we were expecting to see b/c of the dollar index o Slow and sluggish price movement o Low average true range o Sideways market, same trading range from Monday o All signs point to be careful because these markets are clearly looking for some direction this week. 900AM EST - Gold futures gave us a nice winner on a breaker long for a scalp entry on a 4 range chart for +21 ticks - Now were watching a slower timeframe, 13range, for a 2-step long above 45 o Stop = 12 ticks, and targets = 8/16/Runner o 6-tick rule needs to be 10-ticks now b/c I have a 8 tick first target and add 2 ticks for slippage o Now check our medium and slow timeframes to make sure IF this trade triggers we have enough room for the trade to run What are the green and blue colored charts in your workspace? - Our medium timeframes, we use the thin yellow line (trigger Line) as support/resistance to consider when we take trades Pace of Tape Indicator: - measures the speed of the orders coming into the market - available open-code to our advanced members, you OWN this indicator - three colors o Red = slow speed o Yellow = moderate speed o Green = fast speed - We want to avoid trading during the SLOW times in the market and we look to enter trades when we see FAST speed in the market o You dont always need green POT o Its ok using RED POT  As long as the RED POT is not DECREASING - The best ways to use the pace of tape o To define market sentiment  If the speed is rising, that confirms the move  If speed is falling, we expect a reversal o To trigger our entry o To tell me when to take profit  Our first gold trade today we watched for RED pace of tape, which told us we needed to take profit early, and it worked! 1115am EST - Watching Gold futures, but were starting to see signs of lunch o Slow speed of the tape, < 100 very slow o Flat trigger line on slower charts o Almost all the trigger lines are the same price level o Momentum has not been able to confirm the entry on the last 3 potential trades  When momentum cant confirm (pointed up for a long trade, or down for a short) it tells us that the market is losing its power, its becoming very weak, fewer people in the market, and its not going to show us those strong moves. What is the 6 tick rule? - Applies to the scalps (10-tick rule for the slower charts) - We want to make sure the trade has enough room to run - We use a 4 tick target, and we add 2 ticks for slippage = 6 ticks - If you have a 10-tick target (1st target) this will now be a 12-tick rule (10 +2 = 12ticks) - If I dont have enough room for the trade to work, I risk getting stopped out. 7 trades today, 7 Winners +151 ticks, $1,510usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

Multiple Timeframes help locate easy Futures Trading Patterns

Mon, 07 Jun 2010 15:10:20 -0500

830am EST - Dollar Index Futures trading at their highs, and trading sideways, looking for more information on what to do next o Average true range is VERY low, but the strange part is that it was VERY high early this morning  As day traders, we can take hours to find out WHY, but we really dont care WHY the ATR spiked like this, we just react to it. o WE notice the dollar is trading at the OPEN of the day, which causes us concern b/c we know the OPEN means there is not very much pressure moving the price around.  If the market is at the open, we need to wait to see where we go next - Euro futures are very similar to the dollar, they are at the lows and trading sideways o Average true range is very low as well, giving us concern about trading at this time. o The speed of the tape, pace of tape indicator is very slow, and usually the euro has decent speed, but today we do not. o The euro also trading at its OPEN of the day, which tells us to be careful as well. 900am EST - Crude oil futures made a $4.00 drop this morning, and now trading sideways o We noticed how slow the speed of the market is this morning o We also notice the drop in crude was around the red line on our trigger zones, which tells us this is a very important potential place for a reversal, so lets waits for a little more info from the crude market 1030am EST - Watching gold futures as they break their high of day, and this now disqualifies our 2-step short on the 60-minute chart weve been watching all morning o Now lets look at our 13 range and our 21 range charts for a long term breaker LONG pattern to take us up to the next overhead resistance level. 1045am est - Crude oil futures are trading in the middle of a sideways range, and we need to wait to get out of the chop zone o We also notice that right below is the open of the day, so we need to stay away from that level as well. o The overall trend is flat, while the short term trend is also flat. 5 trades today, 5 Winners +55 ticks, $550usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

180+ Ticks LIVE Today! Day Trading Futures last day in Mexico!

Fri, 04 Jun 2010 14:53:15 -0500

815am EST Question from a member should I follow along with every step of the morning routine? Yes! Every step is vital to being prepared for the day ahead, and most importantly, this process is designed to build a HABIT, to develop a simple ROUTINE that YOU can follow on your own. JJ will be here every day, but you want to have the knowledge yourself. - Identifying the news events - Setting your alarm clock - Setting up your charts - Looking for S/R levels - Watching for patterns - Taking notes - Learning from your experiences 820am EST: - Dollar index futures are trading sideways at their extremes (highs) after they jumped up and tested those new highs. o Moving dollar = moving markets for us to day trade o Average true range is rising, better than previous 2 days this week o Non-farm payrolls @ 830am est today, this is expected to be the cause. o We have a DX-pattern setting up on the dollar below 87.710  We have our 15 ticks of room  Our medium and slow timeframes allow us the opportunity to get this trade if it breaks  However, were looking at the highs being broken now after the NFP news release New highs on the dollar will disqualify this trade pattern The DX Pattern is the PERFECT trade pattern: - The dollar is the fundamental reason why other markets move - If the markets are sideways, we see the dx pattern set up, and we can profit from a sideways market o If the dollar cant break its highs, and goes back to the downside - If the dollar disqualifies the dx-pattern by making new highs, that means the OTHER markets we trade will also be breaking out, making new highs, and trending markets - We call this pattern the perfect hedge because no matter what type of trading day we see, we can make money 930am EST - WE took our first trade this morning on crude oil futures, just as we expected a 2-step pattern off the lows in this sideways market. We grabbed 20 ticks off that winner, and then we had to wait until 935am to get thru the US open - Gold futures are sideways, and most importantly, they are trading at the open of the day o The open of the day is the ZERO LINE, which means nothing has changed, so we dont want to trade where we dont expect any movement o Around the open we dont expect to see the market move very far b/c there is clearly some missing interest in the market 1015am est - Gold setting up for the 2nd leg down on that 2-step pattern from last nights winning trade - We need to get below 98.1 for a breaker pattern to the downside - I will look for the pattern on my 60-minute chart - I will then take the trade on the 13-range chart (faster) o Faster chart will enable me to see a better point of entry - No matter what timeframe you trade, your stop and your targets will always use the same low risk/reward ratio o Slower timeframes require wider stops, but they also use much wider targets o 13-range = 12-tick stop, targets 8/16/Runner 5 trades today, 5 winners! 180+ ticks, + $1,800usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

100+ Ticks LIVE Today. Easy way to AVOID this Chop in the market.

Thu, 03 Jun 2010 13:31:12 -0500

830am EST - We start each day with the dollar index, and we can see the dollar index is trading in a tight, sideways trading range with trend lines converging in the center, creating a wedge pattern o Average true range has been dropping since early this week so we have a very big concern that the OTHER MARKETS we trade may be slow and sluggish b/c of this ATR reading - WE see the dollar index futures at their highs, so we look for a DX pattern to the short side on the dollar but we have multiple levels of support to worry about. o We have less than 15 ticks of room for the dollar to move down, so we will wait for the dollar to test the HOD again and look for an entry trigger closer to the highs 845am EST - Gold futures are also trading sideways with trend lines converging at the center of the range, creating a wedge pattern o We will want to wait for this market to wake up and break above/below the wedge pattern in order for us to see the highest percentage patterns 900am EST - Crude oil futures are also trading sideways with a wedge pattern formed from our trend lines o Average true range is rising off its lows, however, its still lower than it was earlier this week o We noticed that we have lots of support as far down as 71.65, so look for us to break below that level for the highest percentage trades. Todays market environment is choppy, sideways, range-bound, so how should we trade it? - Use a slower timeframe to avoid the noise that comes with a choppy market o Trending days = faster timeframe o Choppy days = slower timeframe  When its choppy we want to be more selective and only take the best trades 950AM EST - Watching gold futures set up for a breaker pattern on both the 4 range (fast for scalpers) and a 13-range (little slower for day traders) however, the speed in the market is VERY slow, POT < 100 o We will wait to see the 13 range pattern trigger for a longer term hold. - Im scanning the markets looking for patterns o Slowest charts (34 range) show me where the most important levels are o Then look at the faster charts for different patterns, they are the SAME patterns on ANY market, ANY timeframe, ANYTHING goes o Start with my faster charts first  4-range.nothing there  8-range.nothing there  13-rangenothing there  30-min  60-MINwe notice we are right in the middle, and our perfect pattern needs to occur NOT in the middle, but rather at the extremes. When the volume is low, we see people seeking to fill our stops, and then the market turns around and goes in our direction - Lower volume = opportunity for manipulation - Without the BIG MONEY in the market today, the sneaky large day traders can EASILY move a small market like crude/gold/Russell around wherever they want - This is why we dont trade lunch - while the BIG MONEY is away, the market manipulators will play o b/c they arent there to move the market fundamentally, it opens the door for other traders with LARGE accounts to move the markets simply to fool the other traders. 1045AM EST - we took a nice big winner on the gold futures with a 2-step long off the low of day - we then looked for a 2-step short off the new highs looking to take the market right back down, but we fell victim to some low volume and market manipulation o the 2nd trade was considered very high risk for 2 reasons  very slow speed, very low volume on the gold futures at the time of entry  we had support from our medium timeframes directly below us, so we had to get below that first. The trade would have worked out, except for the volume was so slow. This is why we dont trade this type of environment very often (too slow) 4 trades today, 1 winner, 1 loss 100+ ticks, + $1,000usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

50+ Ticks LIVE Today from Mexico! Check out the Mobile trading computer!

Wed, 02 Jun 2010 15:44:13 -0500

Market Gave us clues today 845am EST - Start with the Dollar Index Futures, trading at their highs, in a somewhat tight trading range. o Dollar is setting up for a DX pattern, but we have a few things to concern us:  Pattern trigger is at the previous close of day We consider to be the ZERO Line (nothing has changed)  Pattern trigger is at the middle of the trading range. We call this the chop zone, and we want to ONLY take trades at the extremes. 915am est - Crude oil futures set up for 2-step short and a breaker long o 2-step short trigger first, and we had oversold momentum and red pot  Avoid trading when we see DECREASING red POT  Also be careful if the Momentum is oversold for a short trade o Breaker long set up 2nd, but we didnt see the big money enter at our trigger location - Crude oil futures trading sideways, and we are right in the middle of the trading range o Dont trade the middle so watch your 34-range chart for the big picture to show us where we are. - We saw another nice 2 step short on the crude oil @ 937 am est o We liked this pattern for three reasons  At the high of day, perfect spot for a 2-step short  Momentum was NOT oversold, but in a perfect spot, pointing down  Saw big money sellers on our filtered time & sales window 1000am est - Dont forget, im demonstrating this on a fast timeframe, when YOU may want to use a slower timeframe o Last week we had 4 nice BIG winners off slower timeframes  60-minute  34-range  13-range  Lots of potential for EVERYONE! Fast or slow, these patterns dont care - Slower timeframe o USE different ATM strategies  Log into your adv course, and watch the members training from may 15 2010 on Slower timeframe entries o Benefits = less chop and less noise  More potent set-ups, each trade will be higher %  Same LOW risk/reward ratio o Downside = fewer patterns  Still have the same low Risk/reward ratio Different charts use different trade management: Scalping Method always the same, we set it and forget it - Automated trade management takes care of everything for us Slower Timeframe Method (Wave) - Use slightly different trade management depending on the trade o Once you enter the trade, place your stops and targets according to your rules. What made us so successful today was our ability to AVOID the bad trades, which allowed us to preserve the CONFIDENCE we needed to keep focused on the best patterns. Congrats to a few of our members who joined today! 4 trades today, 4 winners +50 ticks, $500usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

98 Ticks Live Today! $17,000 4 Lots in May

Tue, 01 Jun 2010 22:00:46 -0500

Next weeks schedule: Trade room is closed Monday & Tuesday (the markets are OPEN on Tuesday) Sales & Support office is closed Monday Sales & Support is open Tuesday and the rest of the week. The Market Gives us clues today 830am EST - Dollar Index Futures are trading sideways at their highs from late last week o Speed is very slow, o Average true range is very low, and has been dropping this morning o This tells us that today, a Friday before a long weekend, we may not see much activity from the dollar, which means the other markets may not either o Keep checking back every 20 mins to see if this improving. - Euro Futures are the opposite of the dollar this morning o Sideways market at their lows o Decent speed, little green and yellow POT, so no worried about speed o Average true range is not very exciting, its at the lowest point of the passed week, but well check back and see if its improved. 1000am EST - Gold futures, we defined a narrow downward channel, appears gold is trying to sell off today Remember, this is a UNIVERSAL method of trading - Any market - Any timeframe - Anything goes, as long as the pattern fits our simple rules - Weve made 50 ticks on scalping entries o 4-range chart o 6 tick stop o Targets = +4, +8, runner - Watch the blog o 200 ticks in 24 hours on long term trade calls o Buy here, sell there o You dont need to be a member to READ the blog o Our members are trained on how to execute those entries o Wave Pattern o DX-Pattern  Slower timeframe trades 10-minute, 10 hours 1045am EST - We noticed the market looks to be falling asleep, but lets confirm with the vital signs of the market o Average true range  Gold = dropping from its recent highs  Crude Oil dropping  Euro starting to drop  We dont watch the READING of the indicator, we look at the comparison of what the ATR was previously o Speed of the Tape (pace of tape indicator)  Gold < 100 (very slow)  Everything we watch right now has RED (slow) pace of the tape o Big MONEY  Larger-sized traders as they come into the market  Filtered time & sales window Filtered for 5/10/20 contracts  Look closely for the BIG MONEY in the market, and if they arent there, we need to trade with caution. 5 trades today, 5 Winners +98 ticks, $980usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

98 Ticks Live Today! $17,500 in May 4 Lots! Re-open Wednesday 745am EST

Fri, 28 May 2010 16:19:09 -0500

73 Ticks Live Today. $50,000 for the Year on 4 lots!

Thu, 27 May 2010 16:13:56 -0500

The Market Gives us clues today 830am EST - Dollar Index Futures are trading sideways at their highs o Speed of the tape is very slow o Double-tops and double-bottoms above and below us, creating a sideways bracket o Average true range (ATR) is still dropping from its May 19th highs, so e continue to trade with caution - 830am brings our Jobless Claims and Advanced GDP o INITIAL JOBLESS CLAIMS: 460K V 455KE o *(US) Q1 PRELIMINARY GDP PRICE INDEX: 1.0% V 0.9%E; CORE PCE Q/Q: 0.6% V 0.6%E - Important Psychological Levels o Big Round Numbers (1.2000, 78.00, 89.00) o Sometimes we see value in the HALF BigRound #  1.2500 . 1.2550, 78.50, 89.50 850am EST - Euro futures contracts, trading at their lows, opposite to the dollar o Sideways market, double-tops and double-bottoms keeping moving sideways o Speed of the tape has been decent, not as slow it was on Wednesday o Average true range Is still at its lower levels, but not as low as it was on Wednesday How does Nat Gas affect other markets? - Crude Oil & Nat Gas are finite natural resources - Nat Gas is nowhere near as speculative as Crude Oil, but it is getting more and more every day - What is Nat Gas used for? o Industrial production  Factories  Machinery plants  LARGE MACHINERY - Nat gas has a better finger on the pulse on the economy than anything else o Earlier this week we saw Industrial production o Durable Goods Orders  Means we are MAKING STUFF o Low Nat Gas inventories Leading Indicator on the Economy: - Durable Goods going UP o People are working, and producing STUFF - At the same time - Nat Gas Inventories are DOWN o People are producing stuff in FACTORIES that are consuming all that NAT GAS The other side of the coin - Durable goods go DOWN o We produce LESS stuff - Nat Gas inventories are down o Theyre producing less NAT GAS b/c theres no DEMAND 1115am EST: - The previous 3 trades have not gone very far. - Our rules lined up - We executed with confidence - We got our quick 1st target filled, moved our stop to entry - But the market has NO FOLLOW-THRU - We got 6 ticks down, and then 8 ticks back up. 1130am EST - Euro markets closing - We need to be careful we look for VOLUME to continue trading this late in the morning 1030 TO 1130am EST = dead zone - The euro session doesnt bleed over into the US session until 1130am EST (when the Euro session ends) - After 1030 usually all the news is behind us - 1100 is typically when we see Mr. Obama start to speak 5 trades today, 5 Winners +73 ticks, $785usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

82 Ticks Live Today! $16,000 on 4 lots in May!

Wed, 26 May 2010 15:24:35 -0500

The Market Gives us clues today 800am EST - Dollar Index Futures trading right in the middle of the sideways range from 87.600 down to 86.00 o Were trading in the middle o We have dropping average true range o Pace of tape is VERY Slow  What does this mean? Dollar leads the other markets, so concern on the dollar = concern on other markets we trade Trending dollar = trending EVERYTHING else Choppy slow dollar = disaster for a day trader. - Watching for a DX-pattern @ 825am EST, we see the Dollar is in the middle, so we need to wait for the dollar to test its extremes o Also notice the NARROW trading range on the dollar. From high to low is a VERY NARROW trading range. We want this to be as WIDE as possible, giving us the room to let the trade run. 830am EST - Euro Futures are looking very similar to the dollar index o Trading off its recent lows, were sitting in the middle of a very narrow sideways range on the fast timeframe o Also in the middle of the wide range on the slower timeframe o Pace of tape indicator is NOT showing GREEN like it usually does, so euro has a slow speed 845am EST - It looks like most of the markets are sleeping this morning ahead of the holiday weekend - We can chose ANY market we want, so what should I look for? o Overall Volume = use your market analyzer  Trade the market with MORE volume o 6E = 131k o 6A = 56k o 6B = 41k o 6C = 30k o 6S = 29k 945am EST - We watched as the DX-Pattern sets up for a high risk entry o Dollar has too much support o Euro has too much resistance o Both the Dollar and the Euro are trading @ their open of the day and prev close of the day  Remember the loss we took last week? No big money! Trading around the open/close of the day We want to avoid trading around the OPEN/CLOSE of today or yesterday. 5 trades today, 5 Winners +82 ticks, $950usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

41 Ticks Live Today! Free Webinar on Tuesday!

Mon, 24 May 2010 15:09:10 -0500

The Market Gives us clues today 830am EST - Dollar Index Futures trading off their highs from last week o Multiple levels of support and resistance o Double-tops & bottoms keeping price propped up just below its lows. o Pace of Tape is < 100, so very slow  RED Pace of tape = very slow market = beware! o Average true range is at its lower levels from last week, so we may need to wait for this to improve. 950am EST - Crude Oil Futures, we noticed that the price action was so choppy at the lows, the current 13-range chart was no longer a good fit. o Slowed it down to a 34-range chart to remove a lot of the noise and now its a lot easier to use the chart. o Average true range is increasing, off its lows of the prev week, and heading to the highest level from late last week.  Tells us that a sideways market with widening range is going to be perfect for our 2-step reversal patterns today~!  Identify the best possible spots, and look for those 2-step patterns o Sideways markets = 2-step pattern  be aggressive with taking profit  with a rising ATR, this means we may get some nice moves INSIDE of the sideways range - 1015am EST o Crude Oil futures are trading in a WIDE sideways range o Were looking for the option to sell the highs, or buy the lows, but the market has us concerned o All the trigger lines are the same, flat, price level o Sideways markets = flat trigger lines  When theyre ALL flat and the SAME price, that means BE CAREFUL, this is a SIDEWAYS sideways market! 1030AM est - Euro futures we need to get above the 2415 level to get into our DX-Long o Average true range is still pretty low o Speed of the tape (pace of tape) is all RED all morning o Were still seeing low volume this morning, most likely because of the European and Canadian holidays today, 1150AM EST - We first saw crude oil futures contracts with a wide sideways range, and a rising (widening) average true range o Use our 2-step patterns to buy the lows, and sell the highs of this sideways range o WIDE ATR made us confident in taking trades within the sideways chop. 2 trades today, 2 Winners +41 ticks, $410usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

108 Ticks Live Today. Gold is a Traders Best Friend!

Wed, 19 May 2010 16:15:51 -0500

The Market Gives us clues today 830am EST - Dollar Index Futures are trading off their highs of the week o Sitting sideways inside the center of the bracket o Double-tops and bottoms above and below, and we wait for a breakout o Pace of the tape is still pretty slow, but faster than weve seen all week o Average true range is off its weekly lows, and appears to be rising as the day moves forward. o We need to wait for the dollar to start to move towards its trading extremes, meanwhile, we look for rising speed and ATR to give our markets the moves they need today. 945am EST - Crude Oil futures trading at their lows, going sideways - WE have clear space to the upside, so our highest percentage trades will most likely occur there. o Wait for above the 73.000 for the best opportunities. 1100am EST - Trading gold futures contracts we notice now that our last entry on gold became very choppy and slow. o Average true range confirms that we are getting narrower as the morning moves on o Pace of tape indicator is ALL red, and when I look at the entire morning we can see the SPEED has been dropping since 930am EST  Tells us that this GOLD MARKET is not getting BETTER with time today.  It appears the longer we wait, the worse the price action gets. DX-PATTERN SHORT ON EURO: For the 2nd day in a row, took the Euro short, got stopped out just before the market went to fill our target - Make sure momentum confirms on the entry - Make sure we are NOT in a choppy, tight trading area on the dollar, b/c we are going to need the dollar to have lots of room to breathe. - Use the BLUE Medium Timeframe for my stop o Ive used the green and twice Ive been stopped out just to see the trade work out. Open/High/Low/Close: Are these important? - OPEN: use caution around the OPEN/CLOSE o 6-tick rule applies o Call this our zero line (stay away) - CLOSE: use caution around the OPEN/CLOSE o 6-tick rule applies o Call this our zero line (stay away) - LOD: Use this for entries o 6-tick rule applies - HOD: Use this for entries o 6-tick rule applies OPEX: - Options Expiration - Occurs on the 3rd Saturday of the month - Last trading day is a Friday, so we call it OPEX Friday o If the first day of the month is a Friday, this will occur on the 4th Saturday of the month - Only applies to Equities (E-mini) o Does not apply to the Currencies,, Commodities - Inside of OPEX Week o Wednesday of OPEX is a VERY busy and potential nasty trading day o Wacky Wednesday is described by seeing LARGE, unpredictable moves from the BIG MONEY the market, as they prep for the end of the week o No reason behind, no follow thru, o Most pro traders will schedule doctors visits, mother-in-law visits on Wacky Wednesday - Thursday is usually very mild compared to wacky Wednesday - First hour of Friday = final touches - First hour of Monday = re-balancing Daily target for 1 contract: - 10 ticks = $100usd - 2 winners of 5 tick target - 1 winner of 10 tick target 9 trades today, 8 Winners, 1 loss +108 ticks, $1,090usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

62 Ticks Live Today! Avoid making the same mistakeI almost gave it all back!

Tue, 18 May 2010 15:51:07 -0500

The Market Gives us clues today 830am EST - Dollar Index Futures are trading off their highs from last week, and now trading sideways in a tight range. o Trying to break the up-trend line, its running into problems and we see very choppy price action. o Pace of the tape is slow < 100 o Average true range is dropping, and at its lowest levels in 2 weeks o This info tells us we may have to wait this morning before we take any trades - Most important things: o Speed of the market (pace of tape indicator) o ATR (wider / higher is better) o Some trend developed - Euro Futures are trading sideways off their lows from earlier this month o Speed has been pretty slow on the euro this morning o Average true range is VERY low, lowest levels of the past week. 850am EST - We noticed a DX-pattern SHORT setting up on the Euro. o We have the dollar needs to break above 86.300, and the Euro will then enter below 1.2399.  Make sure we see BIG MONEY BUYERS on the dollar to confirm entry on the euro  Make sure we dont get caught in that big round number, so give it a little room away from the 1.2400 as much as we can. - Gold Futures trading off its all time highs last week, no ran into a major support trend line and now trying to bounce off those lows. o Trading sideways, with an upward bias o Very slow pace of tape < 100 930AM esT - Crude Oil futures are off their lows from yesterday, and now trading very sideways and quiet o Lots of trendlines above/below o Double-tops and bottoms to contain the price action o There really isnt much wide open space on the crude oil until we break above 75.40 o Speed has been slow b/c we rolled forward to the 07-10 contracts today.  Blog: search for contract rollover o Average true range was at its daily high at 900am est, but now falling back to its lows  We may have already seen the best price moves on the crude oil  Beware were sharing volume with he 06-10 contract because we just rolled forward so some traders will yet to do so. Contract Rollover: - Video on our blog: search for contract rollover - Specific videos for each different market - Crude Oil Futures o They expire MONTHLY o Gold = bi-monthly, every other month o E-minis = quarterly, March, June, Sept, Dec o Bonds, Notes, Dollar = quarterly - How do we know when to roll forward to the next front month? o Watch the volume o Market Analyzer Trend vs. Counter-trend trades: - Trading with the trend will always be higher percentage winners - Trading against the trend can be VERY profitable, but you need to make sure you manage the trade properly. o Because counter-trend trades tend to reverse frequently, taking back your money o Be aggressive with taking profit when using a counter-trend trade. o Lock up profits quickly, tighten the stop to eliminate the risk, and then take it to the bank! - Using the Pace of Tape with your trades o We look for INCREASING speed of the tape to enter our trades  Descrease in speed shows a sign of a potential reversal Look for the slowdown in speed Look for the momentum indicator to turn Look for the sudden increase in speed, with momentum confirming the reversal. Trading around big round numbers - Psychological price levels that we have a hard time forgetting o 70.00 on Crude Oil o 1.2300 on Euro o 86.000 on Dollar o 1200.00 on Gold o 800.00 on ES - I use a 5-tick Rule for avoiding those areas on my chart - Will wait for 5 ticks above to enter long, or 5 ticks below to enter short when price is trading around a big round number Candlesticks to identify the market bias/sentiment - Big wide candles, extending all the way to the high and low, this shows a TREND o New highs, or new lows = new developing trend o However!!!!!! o Be careful when those new lows, are followed by a quick reversal  We see that right now (1000am EST) on Crude Oil - Open/close of the candle o It will show more of the bias/sentiment, but I dont use it for much more than that o If we close above the open, the candle is GREEN o If we close below the open, the candle is RED - Hammer, Dojis, shooting stars, these are also good candlestick patterns to use as sentiment - I dont use candlestick patterns for ALL of the ENTRY, still need to use RULES for entry! 2 things we learned on the DX Pattern today: - Wait for the DOLLARs BIG MONEY to confirm the entry on the Euro - Only trade around the extremes (HOD/LOD) Big obstacle for new traders: - Emotions o Patience / Discipline most important  Find something to look for  Do something else to pass the time Look over your charts Practice reading tape o Bracketing your tape o Watch the discipline cycle workshop Why dont I trade the Bonds? Or why not the S&P? 2 types of markets: 1. Highly-Liquid: Bonds, Notes, S&P, Eurostoxx a. Lots of participants b. Not much up/down movement b/c it takes SO MUCH pressure to move the market c. We can still trade this! d. But why would we if we see more opportunity in other markets? e. Have lower volatility, lower MARGINS 2. Illiquid: Crude Oil, FDAX, Russell, Pound, FTSE a. Not as liquid b. Times when the market can be dangerously low volume (DAX) c. Follow the rules, trade with BIG MONEY and you can trade these slightly less-liquid markets for MORE volatility d. Less volume = less pressure needed to move up/down e. We can still trade this stuff! f. Have more volatility, more MARGIN required. 6 trades today, 4 Winners, 2 losses +62 ticks, $580usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

127 Ticks Live Today. $12,000 on 4 Contracts this month! Webinar tomorrow!

Mon, 17 May 2010 16:03:22 -0500

The Market Gives us clues today 830am EST - Dollar Index Futures are trading sideways off their highs from earlier this month o Average true range is near its lows of the past two weeks o Pace of tape indicator < 100, very slow, even for a Monday morning - Euro still trading in a strong downtrend, but has flattened out at 1.2250 o Waiting to see if the euro will go sideways here, or if it will reverse off the lows and head back up. o Average true range is at its lower levels o Pace of tape on euro looks VERY slow, were used to seeing at least some green, but today its mostly red and yellow. 900am EST - Gold Futures are trading sideways off their all time highs from last week o Average true range is at the lower third its been in the past week o Pace of tape on gold is < 100, which means we need to wait a little to see more speed in the market o Highest percentage trade on Gold future will be below the 23.9 915am EST - Crude Oil Futures trading off their lows of 70.00, and now trading sideways o We identified the highest percentage trade opportunities to be above 72.25, or below the 70.92 1015am EST - Crude Oil futures trading back into the sideways bracket, after an attempt to move lower, but there werent any sellers to be found o Wait for the market to get back into this bracket, and be careful around the big round numbers! - Gold Futures sluggishly moving to the up-side moving from one trend line to the next trend line o Wait for the best times to trade: size and speed! 9 trades today, 8 Winners +127 ticks, $1,305usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

93 Ticks Live Today. 1,000ticks this month!

Fri, 14 May 2010 15:48:50 -0500

The Market Gives us clues today 800am EST - Dollar Index Futures are trending up from yesterday o Low average true range, so expect some sideways markets today o Speed is a little better then weve seen this week - Euro Futures are trending down; we notice a strong downward channel that doesnt look to good for the Euro. o Broke below 2500 o Pace of tape is relatively slow (red) o Average true range is at its lower levels of the past 2 weeks 845AM EST - Crude Oil futures are trading up off their lows from earlier this morning o We noticed that we have a clear line of site to test the 75.00 if we break above the 74.10 o Crude appears to be VERY active this morning, speed looks ok, and we want to be patient and look for our pattern. - Gold Futures trading at their all time highs from earlier this week, and now trading sideways at those highs o The market is VERY slow and sluggish, looks like it needs more direction o We will wait and look for the gold market to start getting some direction. Membership: - Free charts - Free market data - Lifetime access to our materials - Lifetime access to the trade room - sales@schooloftrade.com / Skype: SOTSales where do I find the BIG MONEY? - Filtered time & sales window - Where do I find the SPEED in the market? o Speed of the market = pace of tape indicator If youre trading 2 markets, I use 2 DOMs and 2 TMCs If im watching 4 markets..4 of them Entries: - Not going to use a sloppy market order - And im not going to leave a limit on the table either - I need to wait for confirmation, and them get into my trade. 4 trades today, 4 Winners ($1,000 ticks this month so far!) +93 ticks, $930usd Only 4 contracts needed to achieve this today. See you tomorrow @ 745am EST for the live trade room session!

67 Ticks Live Today. Congrats to our Members Today!

Thu, 13 May 2010 15:19:36 -0500

The Market Gives us clues today 800am EST - Dollar Index Futures are trading sideways at their recent highs o Speed of the tape on the dollar is very slow, < 100, which means our other markets will be slow also. o Average true range is the lowest its been in two weeks  Tells us that the price action we are trading with has been getting worse by the day this week.  This may be the worst price action weve seen all month 830am EST - Euro Futures are trending down, breaking new lows on fears of rising unemployment in Greece this morning. o With the dollar at its highs, we now know to look for a DX-pattern LONG on the Euro, we need the euro to bounce off these lows..may not be possible today. o Pace of tape is slower than usual, lots of RED = very slow price action o Average true range is the lowest its been in two weeks  Tells us that the price action we are trading with has been getting worse by the day this week.  This may be the worst price action weve seen all month 945am EST - Look at the Average true range o Dollar index has fallen o Crude is Rising o Euro is falling o Getting mixed signals (crude rises while dollar falls) 1000am EST - Getting mixed signals on Gold futures o See the ATR rising off its lows o But the price action is sitting quietly at its prev close and todays open  This is concerning b/c trading at the OPEN of the day is considered higher risk - Remember, yesterday we didnt see any price movement from 1030-1100am, so today may be similar. 1100am - Price begins to increase speed. - Crude Oil Futures are REALLY moving fast now - We took the Euro long for the DX-Pattern and got stopped out for -13ticks. - We took the overnight trade on the Euro and made 20 ticks, so no big deal 7 trades today, 6 Winners, 1 Loss +67 ticks, $638usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

123 Ticks Live Today. 4 Days in a row +100 ticks!

Wed, 12 May 2010 15:47:27 -0500

The Market Gives us clues today 800am EST - Dollar Index Futures trading sideways from 84.800 down to 84.330 o Slow speed of the tape, slow market o Falling average true range o Tells us the DOLLAR is very slow, very narrow, and probably should use this as a caution. - Last Nights Levels for the DX Pattern: o DX = 84.725 o Euro = 1.2679 845am EST - Crude Oil futures trading sideways at their recent lows o Very slow speed < 100 on the Pace of Tape o Average true range is getting lower by the day this week. This means price action on the crude oil is less than desirable. 930am EST - Gold Futures trading sideways just off their all time highs o Speed on the gold has been very slow and concerning o Average true range on the gold is not horrible, its the not the worst weve seen this week, but its certainly not RISING as the day moves forward. o Lets wait to see if this price is going to sit in this sideways range. 1045am EST - Gold Futures are VERY slow o Pace of tape < 100 o Chopping around trying to find some direction - Crude Oil futures came out of its 1030 inventory news number with a very sluggish reaction o Very slow, and sideways price action 1100am EST - Now seeing the dead zone set in o 1030-1130am EST o No more news, outside of the first hour of the market, and we tend to see things slow down. - 1130 we have more vol b/c the Euro session ends, so we will wait for 1130am to see if we get any more volume. 1130am - Volume returns and we saw 3 more entries that were all winners! - Another example of how valuable PATIENCE is in our day trading futures contracts. 9 trades today, 8 Winners, 1 Loss. +123 ticks, $1,230usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

148 Ticks Live Today. 3 Days +100ticks, DX-Pattern Training Wed

Tue, 11 May 2010 15:17:31 -0500

The Market Gives us clues today 900am EST - Dollar Index futures are trading at their high of day, and we are looking for the break of support @ 84.670 to get the confirmation we need to enter the euro long o Pace of Tape on the Dollar is very slow o Average true range is on the lowest point of the previous week of trading 945am EST - Crude Oil futures are trying as hard as they can to break new highs o We have inverted HAMMER candlestick patterns that show us the buyers are running out of steam, but they keep trying o Less conviction than the buyers need right now to keep moving up. 1000am EST - Crude Oil is back at its OPEN of the day, which we call the ZERO LINE o The buyers couldnt push up o The sellers couldnt keep it down o So without any real direction, it sits on the OPEN of the day o Same is true for the previous days CLOSE of day o Average true range on crude oil continues to rise, giving us potential for some more High %opportunities - Gold Futures continue to chop around at their all time highs o Tough to predict where the new highs will go, so we stay away, use extra caution around the MAJOR EXTREMES, such as all time high on Gold futures. - Dollar Index continues to trade very slowly o DX Long on the Euro trigger @ 915am EST and we made our 10tick move on 4 contracts o Average true range on the dollar continues to be flat, at its lowest levels of the week.  The DOLLAR leads the way, so if the ATR on the dollar is FLAT, we dont expect much from our other markets  We need to see the dollar improve FIRST 1045am EST - Notice the Crude Oil futures are trading sideways, and ALL of the different timeframe trigger lines are the same, or around the same level o Average true range WAS rising about an hour ago, but now its falling, tells us to be careful, as the day moves forward, there is less opportunity to profit. - Gold futures chopping around the double-bottom, which was our final target on the previous gold trade o Average true range is stable, off its lows of the week earlier today, but certainly not rising 1130am EST - Just took the Wave Long on the Crude, perfect pattern, used the Swing High as support on the entry long o Here were the reasons we took the long trade  Swing High Level was used as support (most important)  Momentum curled and pointed up, confirm LONG trade  Flood of BIG MONEY Buyers on the Filtered time and sales window  Trade management on a wave 8/16/runner (15-tick) Watch the video on TRIGGER ZONES for more info on how to place your stops, target, and how to manage the trade 9 trades today, 8 Winners, 1 Loss +148 ticks, $1,580usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

115 Ticks Live Today. Free Webinar Tuesday!

Mon, 10 May 2010 15:53:06 -0500

The Market Gives us clues today 800am EST - Dollar Index Futures have dropped from their highs from last week into a strong downtrend o When the dollar is trending we expect to see everything else moving, so lets keep our eyes open o Average true range is very low, the lowest third of its trading range for the past week  Tells us the trend on the dollar may not result in much opportunity b/c the range is so tight o Speed on the dollar is also very slow, so we must wait - Euro Futures have pulled off their lows from last week, and have bounced up into the downward channel that was broken last week. o Speed is good, lots of GREEN P.O.T. o Average true range is at its lower levels of the past week 920am EST - Noticed today that there is a lack of conviction in the market - Gold Futures, Crude Oil Futures both lacking any real conviction for the markets direction - Very big change in the personality of the market from last week to today Larger Accounts: - How would we trade 18 contracts? o ½ off @ +4 ticks (9 contracts)  36 ticks of profit o ¼ off @ +8 ticks (5 contracts)  40 ticks of profit o ¼ off @ Runner (4 contracts)  40 ticks of profit if you took the runner for +10ticks 2 Contracts: (similar to 3 lots, but no runner) - 1 off at target #1 o Move stop to entry - 1 off at target #2 - NO RUNNER on 2 contracts Can we use other tools to look for confirmation of a trade? - Yes, we can use different sentiment tools o Candlestick patterns o Swing-Highs/Lows o Lower Highs/ Higher Lows How to trade futures with 9 CONTRACTS: TAKE 5 CONTRACTS (1/2) OFF @ TARGET #1 TAKE 2 OFF AT T2 AND 2 OFF AT T3 7 trades today, 6 Winners, 1 Loss +115 ticks, $1,175usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

146 Ticks Live Today! Correction$5,000 on 4 Lots this Week!

Fri, 07 May 2010 16:01:26 -0500

The Market Gives us clues today 820am EST - Dollar Futures are trading sideways o Sideways dollar = sideways on most of our markets o Speed of the market is slow o Average true range has been dropping from its HIGHEST levels in a week, but we are still in a decent spot for trading range. - Euro futures are trying to gain some ground off the lows of the day, week, month o Speed of the market is slow o Average true range has been dropping from its HIGHEST levels in a week, but we are still in a decent spot for trading range. 830am EST - Non-Farm Payrolls are released - Gold Futures are trading is a sideways range, just off the highs from yesterdays move ABOVE 1200.00 o Average true range on Gold is rising off its lows of the week  Price action continues to improve as the morning moves on - Crude Oil Futures are trading in wide sideways range, with lots of concerns above and below o 2-tops and bottoms keeping us inside this range, and lots of chop to worry about o Average true has been RISING all morning, this tells us the price action should improve as the morning moves on. - Universal Method o Same patterns on ALL markets o Same Rules on ALL markets o Same management on all markets As a new trader: - Start with Gold, Russell, Euro, Pound, Crude Oil, ES Your momentum chart should be the same as the chart you are trading off - 4 range to scalp the markets, use a 4-range momentum - 13-range on the Euro for the DX pattern, use a 13range momentum (anything slower than 4 range) Trade Management: - Use 2 different types to manage our trades - Green POT (fast) use my PINK LINE - RED POT (slow) use a discretion exit o MACD o Momentum o Pace of Tape Using the Breaker / 2-Step Entry, use the 4-range momentum b/c im taking on a 4-range chart Wave Entry is on a slower timeframe, so we use a slower momentum indicator, such as the 8 range (grey chart) 7 trades today, 7 Winners +146 ticks, $1460usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

80 Ticks Live Today. Were up $4,000 this WEEK!

Thu, 06 May 2010 15:58:01 -0500

The Market Gives us clues today 815am EST - Dollar Index futures trading sideways after its upward movement this week o Testing its HOD right now o Pace of tape indicator < 100 o Average true range is promising, it has been rising since earlier this morning The price range getting wider, so we can make more PROFIT! - As the dollar tests new highs of the day, this is pushing the EURO Futures down like a rock o Continue to tests the LOD o Decent speed, lots of GREEN Pace of Tape o Average true range is also improving, which means our opportunities are only getting better as the day progresses. 830am EST - Gold Futures recently dropped out of its sideways range o Sitting in an area that appears to be a very choppy area in previous trading days o Pace of Tape < 100 (very slow) o Average true range has been rising off the lowest point of the Week today This is the worst price action weve seen all week on the Gold Give it some time, check back in later for better price action - EU Trichet begins speaking, so expect things to slow down a little while he speaks 845am EST - Watching a DX-pattern LONG on the EURO o We noticed that the trading range today is 50% of the range from yesterday, only 100 ticks o We also noticed that a trend line on the slower timeframe is standing in our way as overhead resistance. o Slightly higher risk when you consider those two issues. We use 2 different time & sales windows - One is filtered for 10+ contracts o That shows the BIG MONEY in the market o We want to trade WITH the BIG MONEY - 2nd is NOT Filtered, so ALL the trades show on this window o Use this to see ALL activity o Measure the speed of the tape o Use Pace of Tape indicator in tandem with this window  You could get away without the un-filtered tape, and just use the POT indicator, but we like the unfiltered version b/c it gives us the feel of the market DX-Pattern - Great way to make sure you ALWAYS have quality trades in any environment - Sideways trading day, the DX pattern will be used more often - Trending Day (like today) we may not see the highs or the lows hold, but that type of trading environment will give us more opportunities elsewhere. 1000AM - Crude Oil futures keep bouncing up and down around the 79.00 o Average true range continues to rise, which means we still want to look for patterns o Speed of the tape is GREEN (fastest) and YELLOW which means all signs point to YES! o Good speed, good rising ATR, with the exception of the big round number we look great! 1030am - Waiting for the natural gas inventories news to be released, so sitting on our hands - Looking at Crude Oil futures we noticed the following o ATR was dropping o Speed was dropping (P.O.T)  Tells us that as we move later in the morning, it will get more difficult to profit from the crude oil futures. Questions: - This will work on any liquid market, stocks, etf, forex, futures - We will train you on all of these markets. - Use it on a slow chart or a fast timeframe o Scalper, day trader, position trader (swing) When are the best times to day trade futures? - 3am 7am EST (Euro Session) - 8am 12pm EST (US Session, AM)(most active) - 230pm 330pm EST (US Session, PM) - 7pm EST for Asian Markets (not as good) Why watch the Euro, instead of other currency futures, DX Pattern - Euro is the market I know best - The most liquid - 12.5/tick = more profit o Pound = $6.25/tick - CAD, SWissy, Pound, they arent as popular as the Euro, so they wont have such strong correlation. DX-Pattern is relatively new pattern, but VERY promising. Pace of Tape indicator - Best use is to determine short term market sentiment - Look for divergence between the PRICE and the SPEED - Example: o If price is rising, and speed is falling  Divergence  Price should end up reversing to the downside  Watch the speed pick up when the price moves to the downside to confirm the sentiment. - Example: o If price is rising, and speed is rising Increasing speed confirms the move Increasing speed = more people trading More people trading = more interest in this rising price As price increases and speed increases, that tells us the SENTIMENT of the market is to the LONG side. - The INCREASING speed is what we look for - DECREASING speed is the sign of a likely reversal 3 trades today, 3 Winners +80 ticks, $900usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

103 Ticks Live Today! Hidden Divergence Lesson, back to BIG Winners in the Trade Room!

Wed, 05 May 2010 16:00:13 -0500

The Market Gives us clues today 830am EST - News about Portugal getting a downgrade, seeing news about Greece Riots, news about people fleeing financial markets in Greece and flooding the US markets.howeverwe MUST stick to those RULEs!!! - Dollar Index futures continue to push through their highs o We have a tight sideways range just below the highs, but we will wait to see if we need to worry about that. - Euro futures continue to drop on pressure from the dollar o Euro looks very appetizing to the short side, but we remind ourselves to follow those rules  Sometimes the BUY off the BOUNCE off the lows is the better trade, so dont feel pressured into jumping in short 915am EST - Gold futures were trading sideways with LOTS of support, however, they kept getting forced through the lows, and violently dropping to the next level of support o This is very hard to trade b/c the VOLUME doesnt show up until AFTER the move has started. - Crude Oil Futures made us 50 ticks already today on a very easy breaker pattern short, which started the big move down o We looked for the bounce off the lows, got a small winner there, but the BIG BOUNCE off the lows came @ 900am when the market was opening. 1115am EST - Markets have been trading slower in the dead zone (1030-1130) - We had such large drops in crude oil, crude is very tough to get a feel for right now - Gold speed has dropped dramatically o Use the pace of tape indicator o Where are we right now?  Trading sideways, at the highs of the bracket, looking to break the 2-top  Trigger lines are flat on the fast timeframe Sideways market = flat trigger lines  Speed is the slowest its been since 8am est Speed < 100 = DANGER!!!!  Average true range has been dropping since 930am 4 trades today, 4 Winners +103 ticks, $1130usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

79 Ticks Live Today! DX-Pattern Members-Only Webinar Tomorrow!

Tue, 04 May 2010 15:59:25 -0500

The Market Gives us clues today 800am EST - Dollar Index Futures are in an uptrend, breaking its highs, and trading just below the 83.000 big round number o Average true range is very low compared to earlier in the week o The speed of the tape is < 100, which means we need to wait 830am EST - Euro Futures are trading trend down o Sitting on the low of the downward channel o We need to be careful trading around the extremes of the channel o Testing its LOD, we can look for the DX-Pattern LONG, just wait for the DX to make a reversal off its highs o Average true range is very low compared to earlier this week o The speed of the market has been inconsistent, fast, and then slows, then fast again. 845am EST - Starting to see a pattern here among these markets - Large drop/pop and then we are now sitting sideways waiting for more direction ahead. - Gold Futures are trading sideways after a large pop to the upside; clearly defined double-tops and bottoms are being tested. o Average true range 1000am EST - Dollar continues to push its highs, keeping us away from the DX-Pattern today (trending markets are best suited for other patterns) - Gold futures broke out below their range, but then got pushed back up into the sideways bracket. - Crude Oil futures sold off at the open @ 930am est, and are now sitting quietly at the 84.00 level. - Russell futures dropped at the open as well, but have settled into a sluggish range very quickly. - Euro futures, getting pressure from the dollar continue to drop. o We need to see double-bottoms to get our hands on the DX-Pattern long on the Euro today o b/c the euro is trending, we wont see the DX pattern today, we should look  Wave  Breaker  Possibly the 2-step (reversal) Is there a MAX amount of movement the market can go through? - 2008 during the credit crunch we saw limit DOWN on things like ES, Russell, Euro, Wheat, Corn, Soybeans - Limit-Down/Up o The market can only trade a certain amount down, or up o Get this info from the exchange website  Corn Futures, the daily price fluctuation is limited to .30, if we close above .30, the following day will be .45  Be careful when you see a market going limit up/down  Your broker should make you aware of this  Watch for multiple days closing at the highs of the day 5 trades today, 4 Winners, 1 scratch +79 ticks, $790usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

68 Ticks LIVE Trading Today! You gotta see this WAVE Pattern!

Mon, 03 May 2010 16:16:03 -0500

The Market Gives us clues today 845am EST: - Dollar Index futures are very quiet today, trading sideways, in a tight wedge pattern o Speed of the tape < 100 (Red

19 Ticks Live Today! Another Winning WEEK in the Live Trade Room

Mon, 03 May 2010 11:37:18 -0500

830am EST - Dollar Index trading at its lows, looking for the DX Pattern SHORT on the EURO - The Euro futures are trading at their highs, waiting for the Dollar Index to break its overhead resistance o The euro has quite a bit of overhead resistance on the price action right now, double-tops and a big round number to push through, this may be another good reason to look closely the DX SHORT entry 900am EST - Crude Oil trading sideways, and were waiting for the double-top to form for more feedback from the market to make better decisions today. - Gold Futures trading its monthly highs and trying to continue to the upside o The concern is if we break the new highs we will see very difficult price action 915am EST - Noticed the average true across all markets is at its lowest levels of the week o Most important is the dollar index, b/c the dollar is the denomination currency o Gold & Crude, Euro are all looking very tough, with very low ATR reading  This was most likely a reaction to the wait for the GDP report @ 830am EST 1000am EST - Almost through the news - Crude Oil futures are now trading below a triple-top (overhead res), and the ATR has now risen to acceptable levels o May want to wait a little longer, but we should see something soon. 3 trades today, 3 Winners +19 ticks, $190 usd on scalps +20 and +15 on the two DX Demo tradeswe will go live on those next week Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

19 Ticks Live Today! Another Winning WEEK in the Live Trade Room!

Fri, 30 Apr 2010 15:32:19 -0500

I Almost Gave it All Back! But Wait, Another Winning Day?

Thu, 29 Apr 2010 16:20:23 -0500

The Market Gives us clues today 815am EST - Dollar Index futures trading sideways above big round number of 82.000 o Average true range is low, lower than it has been in the previous week (use caution) o Pace of tape is also very slow o Market appears to be very quiet right now o The dollar moving slowly is a concern that the rest of the market will also be moving slowly. - Pound Futures are in a very tough spot, we need to be careful trading the Pound o Lots of trend lines and resistance levels overhead o Its trying to push through these levels, so we need to let it succeed and wait for the best times above resistance. o Average true range is in the middle of its range from earlier this week. o Pace of tape < 100 (slow speed, so be careful) - Euro Futures trading sideways below the 3300 level o Average true range is at its lower end of the week, this means we might want to for a better time in the market. 900AM est - Crude Oil Futures trading thru its highs, trying to wait for it to get above overhead resistance o Average true has dropped to its lowest point in a week, and now begins to rise off that low  Low ATR reading tells us to wait to trade the crude oil this morning until the price action improves. 930AM EST - Gold Futures are very slow, trading sideways in the same trading range from yesterday. o Watch the speed and watch the atr to know when to look for the best time to trade. 15-tick Rule: - Looking for the Dollar to have enough room to move, so I can trade the euro/pound/yen - Look for the most recent swing level to identify your potential level o Dollar Example: 82.130 (.005 tick movement)  5 x 15ticks = 75  130 + 75 = 205  82.130 82.205 (15-ticks of room)  82.175 (175+75) = 82.250  82.175 82.250  Target = above 175 on the dollar Certain levels we want to avoid: - Open/Close of the Day - Double-tops/bottoms - Big Round Numbers - Market Profile VAH/VAL (intermediate course) - The reason is b/c CRAZY things happen around these levels o Lots of important decisions being made around these levels. 1000am - Euro futures o Short the Euro from 1.3224 on the DX Pattern o Entry was chasing, we got in late o We had to enter at the US Open, so higher risk entry o The better entry was there, I simply missed it b/c I was taking a trade on crude oil o 1000am we saw +10ticks of profit, and we could easily take profit b/c we saw the overhead resistance on the dollar  If you were trading more than 2 lots, you would take profit @ 3210 1015AM EST - Watching the euro bounce around its point of entry on the DX Long - Were waiting for our final target to get filled @ 1.3200 (big round number + just above the LOD) 1030am EST - Nat Gas inventories came in higher than expected o Higher inventories can means 2 things:  People are consuming Nat Gas at a very fast rate, causing the producers of Nat Gas to stock up and hold more inventory  If nobody at all is consuming nat gas, the product never leaves the warehouse, and it piles up as extra inventory  This is one reason I dont trade the news!  Its too difficult to tell what the reaction with be to that news release. 6 trades today, 4 Winners +27 ticks, $270 usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

66 Ticks LIVE Today! Dont Miss the Webinar Tomorrow

Wed, 28 Apr 2010 15:37:32 -0500

SchoolofTrade.com Daily Commentary 04-28-10 The Market will give us clues today 820am EST - Dollar Index Futures trading sideways just below the big round number of 82.00 - Looking for a DX-Pattern Long on Euro, but the highs on the dollar have broken, so we wait for the price to reverse to enter the long euro trade - Pace of tape indicator < 100 (be careful) - Average true range on the dollar index trading at its lows for the past week o Tells us the range is very narrow, which means it will be more difficult to earn profits. o The dollar leads the markets, so we wait for the dollar to move FIRST. 900am EST - We took our first losing trade on the new DX-Pattern o Learned that we need to get in LATE, rather than early o We moved to a slower chart, 6-range on the Dollar to make sure were not getting in before the move occurs 930am EST - Dollar Index Futures still trading at their highs, waiting for a break to the downside to get back in on the euro DX long set-up. - ATR keeps rising on the dollar - Crude Oil Futures are trading sideways, lots of overhead resistance, and support below o We need to wait to see a little more movement from the crude oil - Gold Futures continue to trade inside their tight range o ATR on gold futures is 5 trades today, 1 Scratch 5 Trades, 5 Winners, and more coming on the new DX Pattern later this week! +66 ticks, $660usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

84 Ticks LIVE Today! More Dollar Index Trading Tomorrow

Tue, 27 Apr 2010 16:35:52 -0500

The Market will give us clues today 820am EST - Dollar Index Futures trading sideways just below the big round number of 82.00 - Looking for a DX-Pattern Long on Euro, but the highs on the dollar have broken, so we wait for the price to reverse to enter the long euro trade - Pace of tape indicator < 100 (be careful) - Average true range on the dollar index trading at its lows for the past week o Tells us the range is very narrow, which means it will be more difficult to earn profits. o The dollar leads the markets, so we wait for the dollar to move FIRST. 900am EST - We took our first losing trade on the new DX-Pattern o Learned that we need to get in LATE, rather than early o We moved to a slower chart, 6-range on the Dollar to make sure were not getting in before the move occurs 930am EST - Dollar Index Futures still trading at their highs, waiting for a break to the downside to get back in on the euro DX long set-up. - ATR keeps rising on the dollar - Crude Oil Futures are trading sideways, lots of overhead resistance, and support below o We need to wait to see a little more movement from the crude oil - Gold Futures continue to trade inside their tight range o ATR on gold futures is 4 trades today, 4 Winners +84 ticks, $840 usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

12 Ticks LIVE Today. NEW DX-Pattern Tomorrow!

Mon, 26 Apr 2010 16:32:03 -0500

Market Give us Clues today 8am EST - Dollar Index Futures trading in a range from 82.000 down to 81.400 - Speed of the tape (pace of tape) is very slow (<100) - Average true range is at its weekly lows o Trading right now may be very narrow, slow and potentially dangerous. o Average true range = volatility/ range of the market 820am EST - Crude Oil Futures trading sideways from 85.60 to 84.75 - Pace of Tape Indicator < 100 (speed = slow) - Average true range is very low o Most narrow price action we will see 830am EST - Gold Futures trading sideways after its large jump up from last Friday. o Wait for price to make an attempt to break out of this range, and play from there. o Average true range is at its lowest weekly levels - Pound futures trading sideways from 1.5500 to 1.5400 o Speed is still pretty slow o Average true range is at its center over the past week 900am EST - Crude Oil opens and looks very indecisive, resting on trend lines, not much speed, and overall tight trading range - Gold futures still very slow - Pound futures appear to be VERY weak right now, we watched for a breaker with large buyers, and saw nothing, so wait for the better price action 1000am EST - Dollar Index futures continue to trade flat, which is keeping the rest of our markets from going anywhere as well - Crude Oil futures are seeing Momentum go from over-bought to over-sold from one pattern to the next o Very weak price action, nobody knows where it wants to go (blame the dollar for that) - Gold Futures are still trading sideways o Very slow, so we must wait for an improvement 1045am EST - Crude Oil futures trading in its sideways range from last Friday after it dropped from its range today - Gold futures are still very quiet, very sideways, clearly we need to wait for the breakout to show up - Dollar Index is to blame for this slow market today, its going nowhere fast, sitting sideways as well 1100am EST - Looking for the transition into Lunch o Lunchtime = 12-noon 2pm EST  We dont get a lunch bell! o Slower Price Action  Slower Speed on your time & sales window  Use the Pace of Tape = RED (Slow) o Sideways Markets  Flat Trigger Line  Double-tops/bottoms (fast)  Average True Range (ATR = Dropping) o Lack of BIG MONEY  Watch your FILTERED time & sales window Do you see a lack of big money Is it taking more time between the big money orders? 3 trades today, 1 Loss, 2 Winners +12 ticks, $120usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

67 Ticks LIVE Today! Another BIG Week Re-Open Monday 745am EST

Fri, 23 Apr 2010 16:23:09 -0500

Market Gave us clues today 800am EST: - Dollar Index Futures, still within its wide sideways range from earlier this month o Pace of tape indicator is rising in speed o Average true range = dropping 830am EST - Crude Oil Futures trading in a tight sideways range, half way between the big round numbers o SPEED < 100 = be careful! Very slow out there o Average true range = lowest its been all week  This is the worst price action you are going to see! Use this to make educated decision! - Gold futures are trading sideways in a VERY tight range o Multiple tops and bottoms, making a breakout appear to be impossible o Speed of the tape is not bad, avg 150 o Average true range on gold futures is rising, its about in the middle of its ATR from this week  Its not the worst weve seen, but its not the best either. 845am EST - Crude Oil ATR begins to rise off its lowest levels of the week - We skipped a wave entry short b/c it occurred around the double-bottom - Waiting for Crude Oil to show some improvement on speed and ATR 900am EST - Had to wait and watch a wave entry short on crude oil b/c it occurred at its open (900am est) - Still not seeing the perfect patterns yet, lets stay patient and look for them. 930am EST - Euro futures trading at 1.3300, and its double-bottom - Pound sitting on its lows @ 1.5300 1130am EST - Watching for the transition into lunch o Todays Friday, so expect lunch to show up earlier than other days o We look for the following:  Slower Speed of the Market Pace of Tape Indicator RED = Slow Speed = Beware!  Sideways Markets Double-tops/bottoms Average True Range o ATR = Dropping  Less BIG MONEY in the market Filtered Time & Sales Window o Filter = 10 contracts o TF/6B = 5 contracts 3 trades today, 3 Winners +67 ticks, $755usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

28 Ticks LIVE Today! Market Sentiment Lesson, Re-open 745am EST

Thu, 22 Apr 2010 16:09:39 -0500

Market Gave us clues today 815am EST: - Dollar Index Futures have broken to the upside out of its sideways range, but threatening to pullback into the previous trading range below. o Average true range has been dropping since 6am EST, we are at the lower end of the ATR over the entire week o Wait for the ATR to increase, this will tell you when theres more opportunity in OTHER markets. o Pace of tape indicator shows a VERY slow speed of the market - Crude Oil Futures are trading at its lows for the week, but sitting in a sideways range from 82.60 to 83.00 o Average true range has been flat, we will wait for some reaction from the market to make a further decision. o Pace of tape indicator is all RED = Slow price action, so be careful! 830am EST - Gold Futures are at their lows and double bottoms from multiple days this week o Be careful around these lows, wait for the market to PROVE to us that it wants to break those lows and STAY THERE. o Average true range has been increasing for the past 15 minutes, ATR is at its weekly highs  This is the best environment weve seen on Gold all week - First move of the day @ 905am EST - Gold Futures, testing the lows, we looked for the reversal o Breaker short @ the LOD if I have  Green POT  BIG SELLERS  Momentum Pointing Down o 2-step Reversal Pattern is used if we dont see the breaker short  We usually look for the 2-step before the breaker, especially if theres anything but green POT. 1000am EST - Russell Futures are trading sideways in the dead center of their weekly trading range o We call this: Chop Zone o Be careful, not much support/resistance are affecting price, so it may sit there. - Gold Futures we have a trend line overhead as resistance, and the same as support o Lets wait a little longer to see where the price goes next and wait for a better opportunity to trade. 1115am EST: - Dead-Zone: after the morning news (1030) and before the Euro session ends. o Look for more volume, more speed, more opportunity at around 1130am EST. - After 11am, we look for the market to transition into lunch o What do we look for?  Slower Speed of the Price Action Pace of Tape Indicator = RED and <100  Sideways Markets Average True Range: New lower lows on the ATR Flat Trigger Line on different charts Double-tops/bottoms on the Fast timeframe  No BIG MONEY Filtered time & sales window 2 trades today, 2 Winners +28 ticks, $280usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

Confidence is vital to our success, try this technique! Webinar 1130am Tomorrow!

Wed, 21 Apr 2010 16:35:07 -0500

Todays Trade Room Notes: 815am EST: - Dollar Index Futures trading sideways at the high of its sideways range o Fast timeframe shows no short term trend o Average true range (atr) has been dropping since 745am EST  Narrowing ATR shows signs of concern b/c the rest of the market will follow - Crude Oil Futures trading sideways from 83.60 to 84.50 o Average true range is at its DAILY high, but only half of the ATR we saw yesterday  Things are more narrow than they were yesterday 830am EST: - Gold Futures trading sideways from yesterdays price bracket o Average true range is at its daily highs, but only half of the range we saw yesterday  Wait and watch to see if this price action improves - Pound Futures are also trading sideways o Average true range is flat, off its highs from earlier today, check back later to see any change 1030am EST - Gold Futures continue to trade sideways - Crude Oil futures looking very violent after the 1030am Inventory news - Dollar Index continues to trade flat 2 trades, 2 losses, moved to simulation 2 more trades, 2 winners Bummer! Got our confidence back, and we will be back trading live in the morning, see you there! -24 ticks, -$240usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

10-Ticks LIVE Today, ATR Lesson on Sideways Markets

Tue, 20 Apr 2010 14:36:36 -0500

Todays Trade Room Notes: Market Gave us clues today 800am EST - Dollar Index Futures are trending down from yesterdays highs, but have settled into a broad sideways range. o Double-tops and bottoms above and below, and the market continues to show lack of direction o Pace of tape on the dollar index is very slow o Average true range of the dollar is dropping since 5am EST  That means the market is narrowing in its trading range, so we can expect the same from the other markets. 815am EST - Crude Oil Futures trading sideways below the 84.00 level o Slow pace of the tape o Average true range is dropping - Gold Futures trending to the upside, but gone sideways over the past few hours o Pace of tape is slow o Average true range is dangerously low on the gold futures, lower than yesterdays low 830am EST - British Pound Futures trading sideways, tucked under the 1.5400 Big round number o Slow Pace of tape o Average true range is at its weekly lows  Means the trading range is dangerously narrow 845am EST - Euro Currency Futures are trading up in the short term, but on the long term we are in the dead center of a wide sideways bracket o Looks to be a tough spot on the euro today o Pace of the tape is slow o Average true range is at its weekly lows  Means the trading range is dangerously narrow 910am EST - Dollar Index futures broke to the upside above the sideways range, and the ATR fell o Now the dollar index drops back into the range, and the ATR begins to climb again  Tells us the market is looking for answers, doesnt know where it wants to go, and the contracting ATR confirms this. 1100am EST - Average true range is now dropping off its weekly highs across most of our markets. - Gold Futures doing nothing at all, VERY slow. - Crude Oil continues to trade sideways, trying to break to the up-side, but having a hard time - Pound futures also very slow and sideways - Euro trading sideways, at the bottom of its range - Russell is VERY slow and sideways as well 1 trade today, 1 winner +10 ticks, $100usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

25-Ticks LIVE Today & Free Webinar tomorrow 1130am EST

Mon, 19 Apr 2010 15:57:46 -0500

Todays Trade Room Notes: Market Gave us clues today 800am EST: - Dollar Index Future o Slow timeframe shows new higher highs, and a trending UP market o Fast timeframe has lots of movement o Slow pace of tape indicator o Average true range has been narrowing since 330am EST, which means the markets we trade will also most likely be very narrow as well. - Crude Oil Futures o Strong downtrend almost all morning o As of 8am est went sideways into a very narrow range o Average true range at its highest levels of the day @ 8am est 830am EST - Gold Futures dropped earlier this morning, but have slowed down and gone into a sideways range - Average true range is its highest of the day 900am EST - Euro Futures also had a strong downtrend this morning, but have leveled off and trading in a sideways range 1015am EST - Dollar Index Futures have added a double-top, and appear to be trading in a sideways range o Average true range on the dollar index continues to climb and push its highs, even though we have a sideways market on our slow timeframe o Resting at its double-bottom  Tells us to be careful! Choppy price action is sure to follow on the other markets we trade - Crude Oil Futures appear to be VERY hesitant at the big round number of 83.00 o Sitting on the round number for a while o Slowing of the speed of the tape o Average true range continues to rise, even though the market is trading very quietly. - Pound futures begin to rise off their overnight lows - Euro futures begin to rise off their overnight lows - Gold Futures trading in a slight uptrend channel, but sideways trading on the fast timeframe 1115am EST: - Crude Oil Futures are trading sideways o Average true range of the crude oil is slowly dropping from its highs  Lunchtime may be setting in for crude oil 1 trade today, 1 winner +25 ticks, $250usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

86-Ticks LIVE another Great Week! Re-Open Mon 745am!

Fri, 16 Apr 2010 15:55:34 -0500

Todays Trade Room Notes: 845am EST - Dollar Index Futures trading sideways ALL week, very tight trading range o Average true range is flat o No short term trend on the fast timeframe o This tells us we may have to wait a ltitle to see some movement in these markets o Dollar moves first  Short term trend is very important  Avoid trading when the dollar is choppy and sideways on the fast timeframe - Crude Oil Futures, first move of the day was lacking BIG MONEY in the market. o Looked for a slingshot long entry @ 850am EST, and there were no BIG BUYERS to get us into the trade. o Waiting for the wave short to trigger. o Crude Oil trading in the middle of the sideways range from earlier this week, so watch those double-tops and wait for CONVICTION of the breakout. 945AM EST - Overall lack of BIG MONEY in the market - No matter which pattern we see, we arent getting the BIG buyers/sellers we need to feel confident to take this trade. 1015am EST - Dollar Index Futures are returning to their sideways range, after attempting to break out o Noticed the ATR got NARROWER (LOWER) as the market tested the highs o The ATR got WIDER (higher) as we pushed away from those highs back into the bracket o This confirms the sideways 5 trades today,4 Winners, 1 Loss +86 ticks, $860usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

Tax-Day Trading, Did you SEE this 2-Step Entry on the Wave Indicator?

Thu, 15 Apr 2010 15:21:11 -0500

Market Gave us clues today 815am EST - Dollar Index Futures are trading sideways from 81.000 80.000 o Still watching the half 80.500 o Still watching the double tops/bottoms o Pace of tape is very slow o No short term trend on the fast timeframe o Average True Range has been very narrow at the extremes, tells us that the traders in the market have very little confidence in breaking that sideways range - 830am EST o Jobless Claims are out higher than expected o Crude Oil Futures trading sideways from 87.00 86.00 and sticking around the 86.50 level o Just rolled over to the 06-10 contracts today, so speed will be a concern.  We need to make sure that the REST of the market has also joined us on the 06-10  First move of the day 833am EST on the Crude oil had NO BIG MONEY, so we must keep an eye on that. - 900am EST o Pound Futures trading sideways, sitting quietly in the middle of its sideways range  Middle of the range = chop zone Weak price action, nobody knows which direction it wants to move, so we need to wait for that direction to develop o Euro Futures made a BIG drop overnight, but now sitting very suspiciously on 1.3550, half way to its extremes  3550 has shown choppiness previously this week, so we wait for price to get farther away from the HALF level.  Whenever we see a BIG drop like this, our initial reaction should be to look for the reversal Dont be afraid to short the next break, but you need to watch for BIG MONEY - 945AM EST o Still no trend at all on the Dollar Index Futures.  Watch the Fast timeframe (4range) to see the short term trend. Lack of trend on dollar = choppy on everything else Dollar index leads the move! Wait for it! 3 trades today,1 High risk Loss, 2 Winners +24 ticks, $240usd on the scalps Lost 36 ticks on the Wave High Risk at the open. Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

48 Ticks LIVE Today! Sling-shot Pattern is a Success!

Wed, 14 Apr 2010 15:29:51 -0500

Todays Trade Room Notes: Market Gave us clues today Charts we use: - Range Charts = Slow, Medium, Fast (majority) - Minute Charts = Average True Range, Volatility Index - Second Charts = Pace of Tape Indicator - Tick Charts = Trade Management Chart - GREAT VIDEO on using your charts here: 815am EST - Dollar Index Futures trading sideways at 80.500, double tops above and double bottoms below o Pace of tape is slow (30)(<100) o Average True Range (ATR) dropping since 730am  Tells us the market is most likely contracting right now along with the dollar Dollar Index: - 830AM est - Crude Oil Futures, sharing volume between the 05 and 06-10 contracts. v o We rolled forward to the 06-10 contract, and price is relatively slow this morning 850AM est - First trades of the morning were on Crude Oil and Gold Futures. o Both were slow speed o Both had very little BIG MONEY o Both prices looked weak 900am EST - Euro Futures are VERY sideways, in a VERY tight trading range, only 50 ticks from top to bottom, hovering around the ½s - Dollar Index Average true range begins to rise, signaling that the market is widening out, making it more profitable for our trades. 1030am - First two trades were on Gold, both were very slow, both a little higher risk b/c of the conditions today. o First trade was +4/scratch o Second trade -4 loss o We need to be patient and wait for the price to pick up speed and trading range. - Dollar Index Futures trading sideways, atr continues to rise and fall, with no conviction of direction - Crude Oil futures return to their sideways range after the SPEED and the SIZE returned to the market o Leaves us with the validated assumption that the wave short earlier today was not the best trade to take. - Fundamentals o Speed o Size o Momentum o Dollar 5 trades today,1 loss +48 ticks, $480usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

52 Ticks LIVE Today! New Patterns Coming Later this week!

Tue, 13 Apr 2010 15:27:12 -0500

Market Gave us clues today 800am EST: - Dollar Index trading sideways range above 80.500. it returned to the same sideways range from early last week. - Pace of tape on the dollar index is very slow - Dollar Index fast timeframe is very choppy, sideways, no short term trend. Fast time frame, we watch the short term trend most importantly. - If Dollar Index is flat = everything else is flat - Crude Oil Futures trading sideways below a very choppy area of 84.10 84.00. - We need to be careful around the 84.00 from yesterdays choppy price action around that area. - Crude Oil Futures wave indicator we have no new highs or lows, trading sideways inside a tight trading range. - Look for new highs/lows to enter on the wave 830am EST - Gold Futures trading within a wide sideways range. Gold futures have pulled back from their highs, but we need to wait to see some conviction for future direction. - We noticed that Crude Oil futures are sharing volume between the 06-10 and 05-10 contract. This will expect to roll forward to the 06-10 contract later this week, if not later today. - Euro Futures trading in a tight sideways range, just tucked below the 1.3600 big round number. - We are trading sideways after the big move UP from the weekend news about the Greek Bailout 845AM est - Euro futures all the TRIGGER LINES on different timeframes are the SAME o This means no matter what timeframe you chose, there is NO TREND o This tells us to beware! NO TREND = no trades! 900AM EST - Crude Oil Futures are opening right now, so we wait and watch - Gold Futures we saw the first move of the morning, a 2-step pattern short, and NO BIG MONEY showed up to the market. o Lack of BIG MONEY @ 9am EST tells us there may be something out there to be concerned with, so watch carefully and wait for the BIG MONEY to show up on the tape. 930AM EST - Took the Euro Futures 20 minutes for its last 2-step short to complete its move. This is WAY TOO SLOW! o Tells us to watch the speed on the euro, this need to change before we continue trading. 1015AM EST - Average True Range (ATR) continues to rise, except recently has been dropping in the last few minutes. - The speed of the markets continues to be an issue, not fast enough! 1030am est - Seeing lots of issues with consistency on price action - It appears that NOBODY knows where this market is headed - Sit on those hands until you feel confident we see some steady price action 1100am EST - Dollar Index still inside its sideways trading range, at its high of day o After 1030am est today the atr on the dollar index began to drop. - Crude Oil Futures average true range has been dropping since 1030am o Also trading sideways since 1030am est - Gold Futures trading at its low of day, trading sideways, and very inconsistent today o Average true range has been dropping since 1030am est - Pound Futures average true range continues to drop o WAVE short setting up, but the speed of the pattern setting up is VERY SLOW, so be careful. - Euro Futures continue to drop average true range o Trading sideways since 1030am est 1145AM EST - We saw the best moves of the day in the last 30 minutes of the day - A little deceiving b/c the ATR was dropping, the speed was dropping, and then all of a sudden, after 1130am EST the price action gave us some key moves. - This turns a lack-luster day into a profitable day! - Very good example of how well PATIENCE PAYS! 5 trades today, 1 Scratch. 1 loss +52 ticks, $520usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

28 Ticks LIVE Today. Use ATR to define the best times to be trading.

Mon, 12 Apr 2010 16:45:33 -0500

Market Gave us clues today 820am EST Dollar Index Futures o Dropped below its sideways range, below 80.500 level, and now sitting on support just inside the bottom of the range o Speed of the dollar index futures is very slow at this time. Wait for the dollar to begin to move the other markets Crude Oil Futures o Massive head & shoulders candlestick pattern on the slower timeframe, this tells us to be careful when price breaks that neckline, be careful not to predictwait for the price to fully break to the downside, then look to enter on the REACTION. Gold Futures trading sideways @ their quarterly highs from Friday o Pace of tape on Gold < 50 (very slow) o Trading at its lows, low of the day, from last Friday o http://www.microsoft.com/windows/virtual-pc/default.aspx 1015am EST o Gold Futures going sideways, very slow pace of tape (50), momentum is choppy and market shows signs of weak price movement. o Crude Oil Futures, trading flat and sluggish around todays open of the day  Be careful trading around the days open or the prev days open/close 1030am EST o Gold Futures, VERY flat and VERY slow  Red Pace of Tape < 50 (VERY SLOW)  Trigger Lines on ALL timeframes are the same price level (1160)  Flat trigger line = losing sight of WHO controls PRICE. (Buyers/Sellers)  Trigger Line pointed up = buyers are in control  Trigger Line pointed down = sellers are in control 1140AM EST o Now seeing multiple wave entires that are 90% perfect, but they are outside the zone, flat trigger lines, they arent the perfect patterns that we look forward to using. o Weak Price action is the cause of these o Dollar Index Futures are sideways, and VERY slow (pace of tape < 50) o Dollar is sideways and slow, the rest of the markets are sideways and slow o Lets look for the transition into lunch  Slower Price Action Read The Tape, look for the slower speed Pace of Tape Indicator = RED  Sideways Markets Flat Trigger Lines Average True Range, are we making new lows on the ATR?  Less BIG MONEY Filtered Time & Sales (lack of big buyers or sellers) 6 trades today, 2 Scratch, 1 loss +28 ticks, $280usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

64 Ticks LIVE Today! Scalping & Wave Trading at its BEST!

Fri, 09 Apr 2010 15:33:39 -0500

Market Gave us clues today 820am EST - Dollar Index Futures are trading in a wide, sideways range 82.000 81.00 - Speed on the dollar index is very slow, less than 50 all morning, so VERY slow. We want > 100 - First move of the morning was on Crude Oil wave entry short. Slow speed, support below our entry, and early in the AM caused us to beware. 830am EST - Crude Oil Futures, rather wide sideways range, and were trading up off the lows of the range this morning. Very slow speed on the crude oil, and we had to skip the first wave entry of the morning due to the lack of speed. 900am EST - Everything looks very slow at the moment - Euro wave entry setting up, but its higher risk b/c of the medium timeframes - Dollar is stuck under a trend line, above a trigger line, and sitting very slow and sluggish, causing the rest of the market to slow down as well. - No major news outside of 10am this morning, so were hoping for the BIG MONEY to come in and shake things up for us. 945am EST - Euro continues to go from over bought to over sold on the momentum, making it difficult to see any real strong , continued moves. - The initial move sets up, but the traders dont keep moving with any conviction 1015am EST - Dollar Dropping, euro and gold begin to jump to the up-side 1030am EST - Dollar goes flat, so does crude, gold, euro - Lack of conviction, lack of follow-thru - The pattern sets up finebut then the momentum becomes overbought/oversold and theres no BIG MONEY to support our entry. - Lack of follow-through b/c the trade doesnt move!! 1100am EST - Crude Oil Futures going sideways, lack of conviction at the lows, 1-tick new lows, very hard top enter those trades. - Dollar Index Futures going sideways - Gold Futures, testing its quarterly highs. Candlesticks tell a different story, they tell us very indecisive market, not sure if it wants to keep moving up or if it will reverse off the highs. 1115am EST - Looking for lunch to set in. How do we know when lunchtime is here? How do we know when to stop trading? o Slower Speed of the Market  Red Pace of Tape Indicator (RED = SLOW) o Sideways Markets  Low ATR Reading (Average True Range)  Flat Trigger Lines  Double-stops/bottoms o Lack of BIG MONEY  Filtered 4 trades today, 4 Winners +64 ticks, $640usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

95 Ticks LIVE Today!

Thu, 08 Apr 2010 16:17:57 -0500

Market Gave us clues today 800am EST - Dollar Index Futures trending up, but somewhat sideways. Still seeing double-tops and bottoms on the slower timeframe - No short term trend on the FAST timeframe, which is more important when looking for a trend. - Look at the first move of the day. Wave entry short on the crude oil. We see stutter steps, flat trigger line, and slow red pot, with momentum possibly oversold already. - This lack of price movement tells uswait for better speed, we now know what the market LOOKS like and FEELS like today on crude oil futures. 830AM EST - Crude Oil Futures trading to the downside, slight downtrend, but overall, the market looks very weak, lack of conviction, and could go anywhere right now. - Beware, double-tops and bottoms on crude oil above and below at the 81.50, 80.50 (halves) 845am EST - Took our first trade on crude oil futures for 14 ticks - See dollar index futures resting on support @ 81.876. Dollar support = overhead resistance on other markets b/c of the negative correlation 900am EST - Pound Futures are right in the middle of a wide sideways range. Converging trend lines that create a wedge pattern, so be careful! 945am est - Dollar Index Futures, still sideways, in the middle of its range - Crude Oil Futures, trading sideways at its LOWS, trading @ its double-bottom from earlier this week 1100am EST - Looking for clues that lunch time is here o Slow Price Action  RED Pace of Tape o Sideways Markets  Low ATR Reading  Flat Trigger Lines o No BIG MONEY $$$  Filtered Time & Sales Window What made us so successful today was our ability to AVOID the bad trades, which allowed us to preserve the CONFIDENCE we needed to keep focused on the best patterns. 5 trades today, 1 Scratch +94 ticks, $950usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

Watch these Entries! Todays Challenging Market was a learning Tool!

Wed, 07 Apr 2010 16:23:36 -0500

815am EST - Dollar Index Futures trading very sideways on fast, at high of day, and at the extremes of the sideways range from earlier this week - Dollar trying to break the highs and the weekly highs to the upside, but speed of the tape is very slow as well. - Crude Oil Futures, testing its LOD, but we cannot take the short breaker entry without the GREEN POT - Gold Futures trading very slow, very sideways, and we need to see something MOVE!!! Up or down, anything! Multiple days of sideways chop on gold futures. 845amEST - Euro Futures, first move of the morning, told us a story. We saw sellers at the lows, looking for a 2-step long reversal. We now expect the sellers to maintain control, so we look for another short entry in the future. - Wave Indicators are sluggish this morning with flat trigger lines on Pound Futures, Gold Futures, 915AM est - Dollar Index Futures trading at its highs, testing the double-tops, created a very difficult trading environment for the rest of the market we trade. - Clearly the first trade of the day on Gold Futures was affected by this. 930AM EST - US OPEN has markets very jumpy - Dollar index continues to rest at its highs, causing concern for us trading other markets today - Crude Oil Futures average true range (ATR) breaks previous highs, tells us the market is trading in a wider trading range - Wider trading range = more profit potential. Les likely to get all chopped up, like my first gold trade today. What does the BLOCK mean on the Time & Sales Window? - & 20 contracts 945am EST - Alan Greenspan speaking on financial crisis - Everything is slow and sluggish - Red pace of tape across the all markets - Flat trigger lines - Double-tops/bottoms - Lack of BIG MONEY in the market at the moment 1000AM EST - Second trade of the day on crude oil, this time still seeing very choppy, slow, and indecisive price action. - We have political figures speaking, big money has left the building for now, and we need to wait patiently for the market to start to move for us. 1100am EST - Crude Oil going sideways, very wide range, decent speed after the 1030 inventories number. - Gold Futures trading very inconsistently right now. Momentum indicator is very choppy. It FEELS as if nobody has any direction in the market - Transition into Lunch 4 trades today, 1 winner, 3 Scratches +3 ticks, $30usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

44 Ticks Scalping, But check out this Wave Entry! Re-open 745am EST

Tue, 06 Apr 2010 16:19:45 -0500

Market Gave us clues today 830am EST - Dollar Index Futures has very slow speed, but trending to the upside above 81.500, testing its highs of the day - Crude Oil Futures, trading to the upside, but sideways at 86.50 845am EST - Gold Futures are trading sideways. 3 days of sideways price action 1015am EST - Dollar Index Futures, quiet, very slow, resting on support - Support on the dollar = likely resistance on everything else - Look to the short side of other markets! - Russell Futures are trading at their highs, at their quarterly highs, and trading sideways from yesterday. 1045AM EST - Gold Futures trading sideways and very slow at today's high of day - Concerns of the 2pm est FOMC Meeting Minutes Release are clearly weighing on the minds of traders. People are avoiding the market late morning today until they see more info from the Fed. - Crude Oil Futures, 2-step long, after the sellers had disappeared, but we didnt see any BIG BUYERS at those swing highs - Lack of big buyers on the time & sales window on crude oil futures tells us.lack of BIG MONEYlack of conviction = we must be careful - It appears lunchtime has set in early today 1100am EST - Transition into Lunch - How do we know when lunch is here? When to stop trading? - Slower Price Action - RED PACE OF TAPE - Sideways Markets - LOW ATR - FLAT TRIGGER LINES - & BIG MONEY - FILTERED TIME & SALES 6 trades today, 4 winner, 0 loss. 2 Scratches +44ticks, $440usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

95 Ticks Live Today! How to make 21 Ticks in 17-Tick Range!

Mon, 05 Apr 2010 16:43:19 -0500

Market Gave us clues today 830am EST Dollar Index Futures are sideways, tucked below the 81.500, fast timeframe is very choppy, no defined trend, pace of tape is very slow as well Crude Oil Futures, trading sideways, quite slow, just below 85.50, its quarterly highs Average true range for crude oil futures is rising 850am EST Gold Futures, trading sideways, and lots of DOJI candlestick patterns. This shows signs of big indecision in the market participants. 900AM est: First trade opportunity of the day Crude Oil Futures Breaker Long Into the high of day At the open at 900am est Barely had the green pace of tape that we needed to get into the high of day This is a great example of when MULTIPLE things are pulling at your attention 915am EST: - Euro Futures, trading sideways, just below 1.3500 - Dollar Index futures tried, but failed to break above its sideways trading range 1015am EST: - Crude Oil Futures, very indecisive, cant decide which way it wants to go. Sideways price action, lack of big money at the extremes, and taking trades is very high risk at this point. 1030AM EST - Russell Futures for a 2-step short (reversal) pattern. However, the speed of the market is still very slow - Speed of tape - Speed of the pattern setting up - Speed of the trigger of the pattern - Alsothe speed of the follow through (havent seen this yet, but the market gave us enough clues to expect that. Our patience today paid VERY well! We didnt take our first trade until 1020am EST, and they quickly began to show some profits! 3 trades today, 3 winners, 0 loss. 0 Scratches +95 ticks, $950usd on the Scalping system today! Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Sign Up For Your Free Three week Trial Today!

50 Ticks Live Today! Happy Holiday, Re-Open Monday @ 745am!

Thu, 01 Apr 2010 14:48:29 -0500

SchoolofTrade.com Daily Commentary 04-01-10 Market Gave us clues today 830am EST Dollar Index Futures trading sideways from 81.500 to 81.100. Double-tops and double-bottoms containing price action We dont trade the dollar b/c its too small of a market However, the dollar can control much larger markets b/c its the denomination currency 845am EST Crude Oil futures trading sideways from 84.70 to 84.20 CL trading at its HOD and testing monthly and quarterly highs Gold Futures broke its highs and continuing to the upside 915am EST Euro Futures trading sideways from 3520 - 3477 Euro dropped to test new lows, but quickly got pulled back into the bracket above, this tells a story, lack of sellers to the downside. 1030AM EST Dollar Index continues to trade within its sideways range Crude Oil futures has dropped back down into its sideways trading range Gold Futures remain very slow, but still moving to the upside on low volume 11am EST: Transition into lunch How do I know when the morning is over and when the lunch slop and chop is beginning? Watch the market for Slow Price Action Pace of Tape Indicator = Red = Slow Speed Sideways Markets Low ATR Reading Flat Trigger Lines Less BIG MONEY Filtered time & sales window 4 trades today, 4 winners, 0 loss. 0 Scratches +50 ticks, $500usd on the Scalping system today! Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

72 Ticks Wave Winner! ATR Lesson

Thu, 01 Apr 2010 10:31:31 -0500

Market Gave us clues today 845am EST Dollar Index Futures are sideways, but the range is much wider than previous sideways days on the dollar. It appears to be trade-able b/c its just wide enough to get the other markets moving. The dollar moves the rest of the markets, so a wider range on the dollar = wider range on Gold Futures, Crude Oil Futures, Euro Futures. Gold Futures, testing their highs with a double-top price pattern, so beware trying to buy those highs until we see conviction to push them through 900am EST Crude Oil futures breaking their overhead highs, but still seeing sideways chop once we break them, this tells us to be careful of a 'weak' market. Weak markets will push through overhead trend lines or resistance but then they fail to continue the move. Dollar Index Futures have now bounced off the low of this sideways trading range, which confirms the range itself. Now we need to look at trading within the range, waiting to see if it breaks out. Dollar = sideways, everything else is also expected to be sideways. 930am EST Wave entry Short on the Russell Futures Price broke above the trigger zone, but we had substantial overhead resistance to protect the entry Considered high risk b/c it was @ 930am with the US Open, high risk time of the day, and it also went above the trigger zone, which is the ideal entry location. 945am EST Wave entry short on the Pound Futures We got a nice big move for a winner Gold Futures appear to be very weak today, not much follow through First two trades of the morning on Gold both had very slow price action and very little conviction that the market knew where it was going. 1100am EST British Pound Futures looked for a winning breaker long, it got us +4, +8, but then went sideways, and now very slow and low volume 1120am EST Crude Oil Futures still sideways and choppy Russell Futures, wave entry long setting up, but very slow and sluggish. Trading sideways almost all week 4 trades today, 2 winner, 1 loss. 1 Scratches +47 ticks, $470usd on the Wave today! Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

72 Ticks Wave Winner! ATR Lesson & Re-open 745am Tomorrow!

Wed, 31 Mar 2010 17:01:32 -0500

46 Ticks LIVE Trading Today! Webinars @ 1130am EST all week!

Tue, 30 Mar 2010 16:25:44 -0500

Market Gave us clues today 845am EST: Dollar Index Futures trading in a sluggish downward trend from yesterday Dollar Index Futures pace of tape, speed of the market is the concern (< 100) Gold Futures very slow, very sideways we rolled over to the next front month contract on Gold Futures b/c the VOLUME proved to be trading higher on the 06-10 contract. We often have slower days around rollover b/c the two contracts are 'sharing' their volume. EURO Futures are sideways trading range from Monday, decent speed of the tape, but we need to clear the sideways extremes before we get into this market. 920am EST Crude Oil Futures very sideways, decent speed, but overall market participation appears to be low British Pound Futures very choppy, lots of double-tops and double-bottoms, trading around big round numbers (psychological price levels we must avoid trading around) 1100am EST: Euro Futures continues to sit very slow and sluggish at its lows. Multiple attempts to break the lows are not met with BIG SELLERS, so we look for the reversal off the Low of Day Crude Oil Futures continue to trade sideways, very tight, narrow range today. lets wait for tomorrow :) 3 trades today, 3 winners +46 ticks, $460usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Click Here! Learn Our Methodology and Subscribe To Our YouTube Page Sign Up For Your Free Three week Trial Today!

18 Ticks LIVE Today! Getting Aggressive with the Wave!

Mon, 29 Mar 2010 17:09:25 -0500

830am EST Dollar Index Futures trading sideways, flat price action around 81.500 Crude Oil Futures also trading sideways, slow and sluggish, looks very similar to the Dollar Index Futures Gold Futures are also slow and sluggish, pace of tape < 100 all morning. 930am EST Euro Futures are sideways, but they recently jumped up above the big round number of 1.3400 Russell Futures are also sideways 945am EST Dollar Index Futures broke out of its sideways range to the upside, but then lost its battle with the sellers and dropped back into the sideways bracket Crude Oil Futures keep rising, pushing new highs @ 82.25 Gold Futures continue to be sideways, slow speed of tape Wave Indicator: If the first entry is bad, wait for the 2nd and 3rd entries beware, waves come in three, so beware the 4th wave! wait for the price to begin to pullback/retrace off the lows/highs to use your Fib tool (defines your Trigger Zones) Go from most recent swing-high/low to use your trigger zone tool End of First Quarter: Daily savings time Quadruple Witching Easter Holiday Passover Holiday Good Friday Crude, Gold, E-Mini's are all rolling forward somewhere around this time BIG MONEY traders are using the end of Q1 to make estimates for the rest of 2010 4 trades today, 2 winner, 2 Scratches +18 ticks, $180usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

53 Ticks Today, Did you SEE this Trade on Crude Oil Today?

Fri, 26 Mar 2010 15:32:13 -0500

We opened up our charts today & the market gave us clues - 830am EST o Dollar Index Futures have pushed through 82.000, and now resting on that big round number as support o Support on the Dollar = Resistance on everything else  Look for the short side on other markets (negative correlation) o Crude Oil Futures trading sideways from 81.00 down to 80.00  We expect the last two weeks of quarter #1 to be like this, so be patient. - 900am EST o Start looking for patterns after our charts issues o Gold Futures trading sideways, < 100 on Pace of Tape, so very slow on Gold o Crude Oil testing its highs o Our first trade of the day was a 2-step short off the HOD  Full stop, price was VERY whippy - 930am EST o Crude Oil Fuutres trading @ their previous days open  very flat, and slow o Gold Futures also flat, POT < 100 = slow speed = danger! o Dollar Index Futures, still trading @ support big round number 82.000 o Russell Futures, still sideways after a full day of trading, need to wait for a breakout to get involved. Good speed, but little movement. o Euro Futures are completely choppy and sideways, trading at their lows - 1100am EST o Dollar Index Futures still sitting sideways @ big round number of 82.000 o Dollar is the spark-plug! We need the dollar to move the other markets~ o Gold Futures also VERY flat, pace of tape < 100 almost all morning We took a large winner on Crude Oil just after the US Market Open. We rode it all the way down to the lows, and then bought it on a 2-step pattern long of the low of day! 40 ticks in 4 minutes, not too shabby! Watch this video for more! 5 trades today, 4 winners & 1 Loss +53ticks , +530usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

Wave Trading for Amazing Results! Dont miss more Tomorrow!

Thu, 25 Mar 2010 15:59:04 -0500

We opened up our charts today & the market gave us clues - 830am EST o Dollar Index Futures have pushed through 82.000, and now resting on that big round number as support o Support on the Dollar = Resistance on everything else Look for the short side on other markets (negative correlation) o Crude Oil Futures trading sideways from 81.00 down to 80.00 We expect the last two weeks of quarter #1 to be like this, so be patient. - 900am EST o Start looking for patterns after our charts issues o Gold Futures trading sideways, < 100 on Pace of Tape, so very slow on Gold o Crude Oil testing its highs o Our first trade of the day was a 2-step short off the HOD Full stop, price was VERY whippy - 930am EST o Crude Oil Fuutres trading @ their previous days open very flat, and slow o Gold Futures also flat, POT < 100 = slow speed = danger! o Dollar Index Futures, still trading @ support big round number 82.000 o Russell Futures, still sideways after a full day of trading, need to wait for a breakout to get involved. Good speed, but little movement. o Euro Futures are completely choppy and sideways, trading at their lows - 1100am EST o Dollar Index Futures still sitting sideways @ big round number of 82.000 o Dollar is the spark-plug! We need the dollar to move the other markets~ o Gold Futures also VERY flat, pace of tape < 100 almost all morning 4 trades today, 2 winners & 1 Loss +4ticks , -40usd Wave indicator made 59 ticks tough!!! See you tomorrow for more! Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here To Watch Our Live Trade Room Recordings Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

77 Ticks Live Today, Gold Futures are a Traders BEST Friend!

Wed, 24 Mar 2010 16:17:21 -0500

We opened up our charts today & the market Gave us clues - 820am EST o Dollar Index Futures (DX) moving in an up-trend on both fast and slow timeframes o Good news!! The dollar moves the rest of the markets! - 845am EST o Gold is dropping, the dollar is rising o Crude Oil Futures are sideways, but remember, we have a Crude Oil Inventories report @ 1030am EST today, so thats the reason why - 850am EST o First trade of the day on Gold Futures  Big buyers got us into the trade  Lack of follow thru kicked us out of the trade  Price slowed down once we entered, and came back to our entry to stop us out - 915AM est o Dollar Index Futures still trading at High of Day, 82.000 (be careful of sideways chop on other markets) o Crude Oil Futures breaking their lows, breaking the double-bottoms o Gold Futures level off, sideways trading below a major double-bottom - 940am EST o Dollar Index Futures (DX) continues to stall at the highs, 82.000, flat and slow price action at these highs o This will cause the rest of the markets to have to wait before they start to move o Dollar Index Flat = Flat on everything else o Dollar is the denomination currency (everything settles in dollars) which is WHY the dollar is the catalyst, the dollar moves the markets, not the other way around - 1015am EST, after the New Home Sales New Report o Dollar Index Futures pulls off the highs, still very slow, but at least its moving now, the rest of the market should follow. o Crude Oil Futures range-bound ahead of the 1030 news, Crude Oil Inventories Report o Gold Futures sideways trading below a major double-bottom - 1100am EST, Looking for transition into lunch o Stop trading when we see  Slow price action RED Pace of Tape (RED = Slow Speed)  Sideways Markets Average True Range (ATR) Slope of my trigger lines (steeper the better)(flat = sideways market) Pay attention to the slow timeframe for the bigger picture.  Less BIG MONEY in the market Time & sales Window o One is filtered for 10 contracts or greater o Watch the FILTERED time & sales to see when there are fewer big money traders in the market. As always, our patience pays well. The biggest trades of the day were taken towards the end of the morning, which means more importance on limiting losses early in our trading session today. 5 trades today, 5 winners +77 ticks, $770usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session!

(5 Of 5) Trade Management, Fit Your Management Needs

Wed, 24 Mar 2010 13:46:25 -0500

Before we move forward, lets recall where we left off in the first 4 videos of this 5-part series 1. 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion 2. The Emotions Behind Trade Management More Targets, Fewer Stops = long term profits 3. Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day 4. 2 Different Approaches Mechanical & Discretionary Trade Management And the 5th & Final Video of this Series on Trade Management is. Trade Management for Different Traders Every trader is different Scalpers, Intra-Day Traders, Swing & Position Traders Those different types of traders have different goals for their trading and they have different account sizes as well. You cannot expect consistently positive results if you apply the WRONG style to the WRONG trader. The easiest way to identify the trade management style that is right for YOU and youre trading goals and resources, you need to identify WHO you are and the resources you have available. In todays video we discuss the importance of a CUSTOM TRADE PLAN that will take everything into consideration such as who you are as a trader, the type of trading you do, and the resources you have available. Watch this video to learn the different trade management styles for different traders If you missed the first four (4) videos in this series on trade management, here they are Trade Management Videos: TM Video 1 TM Video 2 TM Video3 TM Video 4 Previous Days SOT Video from YouTube: Review Our Trades From Yesterday! Ready To Start Trading? Visit Our Home Page For Course Info!

35 Ticks Live Today, Currencies Webinar 530pm EST Tonight!

Tue, 23 Mar 2010 17:13:45 -0500

We opened our charts today and the market gave us some clues - Last week of the first quarter, expected to be slow - Not much news today - 830am Dollar Index Futures o Slow = wide sideways range from 81.600 80.780 o Speed of the market (pace of tape) is very slow - 900am o Crude Oil Futures very slow (POT < 100) o Gold Futures very slow (POT < 100) o Dollar Index Futures continues to be slow - 930am o Dollar Index Futures continue sideways around the 81.000 o Gold Futures are also going sideways, tucked underneath the 1100.00 psychological price levels o Crude Oil Futures, sideways, but looking to break to the downside - 1045AM o Russell Futures sideways from 82.7 78.5 o Dollar Index Futures still flat on slow timeframe o Testing the double-top from end of the day on Monday o Sideways, but testing the high of 82.00 and very sloppy around that area. 3 trades today, 3 winners +35 ticks, $350usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

20 Ticks LIVE Today; Currencies Webinar Tues 530pm EST Dont miss it!

Mon, 22 Mar 2010 15:37:04 -0500

SchoolofTrade.com Daily Commentary 03-22-10 We opened our charts in the live trade room and the market gave us clues today: - 830am Dollar Index Futures very slow, pace of tape < 10 - 830am Dollar Index Futures sideways on slower timeframe, double-tops/bottoms - 845am Gold is VERY slow < 100 pot - 845am Gold has double-tops/bottoms, very sideways on slower timeframe - 935am Dollar Index Futures still very slow, < 50 on Pace of Tape - 945am Gold Futures still sluggish - 1045am Gold Futures Wave Indicator, we skipped a trade b/c of the sideways markets - 1045am Gold Futures flat and sideways on slower timeframe chart - 1040am Crude Oil Futures Wave Indicator did not test the trigger zones, it was ABOVE the zone o This is seen as a BULLISH signal in the market o Price didnt come pullback off its highs far enough to get into the zone o On the opposite side, if price would have traded BELOW the zone, this would have been the opposite signal, bearish sign in the market We knew today would be slow because End of First Quarter, last week of the month of March Triple Witching last Friday Mondays are always slow start Big Health Care bill was passed on Sunday, who knew what THAT would do!?! Not much news this week Always slow this time of year With that said, we watched closely to the first move of the day, on Crude Oil. We take the first move of the day and we watch for what the market does. Today is barely moved at all, just sat sideways and ended up reversing against us, after we had taken the trade off for a scratch trade. We learned from the first movethe market told us we needed more volume, more conviction of price direction, and more follow-through after the move started. So with that information, we knew we had to patiently wait for the market to wake up this morning to take more trades. Our trade management made us profitable today! Keep that money! 4 trades today, 2 winners,2 Scratches +20 ticks, $200usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Don't Forget... Currency Strategies Proven techniques for FOREX & Futures Live Webinar Currencies are some of the most volatile and profitable markets to trade, and this presentation will show you the many different ways you can profit from currencies all over the globe. Currency Webinar (FOREX & Futures), Tuesday @ 5:30pm EST: Register Here: https://www2.gotomeeting.com/register/173706578 In this webinar we will discuss: Currencies as a whole, what they are and how they operate Fundamental differences between FOREX & Currency Futures Which FOREX & Futures Markets are best for new traders How to build, test, and implement a trading strategy on any currency Which technical indicators are the best for FOREX & Futures Managing your trades, and managing your trade account for longevity in the markets Whether you are trading FOREX or Currency FUTURES, we will give you tools and techniques to use TOMORROW in your trading. Currency Webinar (FOREX & Futures), Tuesday @ 5:30pm EST: Register Here: https://www2.gotomeeting.com/register/173706578 This is going to be a great webinar, so dont miss a minute! This presentation is sponsored by: http://www.tradertape.com/ http://www.allthingsforex.com/ http://www.schooloftrade.com/ More Information: Come join us for a FREE 3-Week Trial in our LIVE TRADE ROOM, and see our trading methods in real time with your own eyes. All trades are called LIVE in REAL-TIME with exact entries, stops, targets, and commentary every second of the trading day. Our Beginners Course is recommended for all FREE TRIAL MEMBERS as a way of getting the MOST from your 3 weeks in our trade room. Our members call our LIVE TRADE ROOM the very best on the internet b/c of the excellent service we provide to both NEW and EXPERIENCED traders, and our course materials are second to none and growing every day with new strategies, new set-ups, and new ways to earn an incredible income as a professional trader. More information on our trading methodology, our trial, or lifetime membership can be found by visiting our website, http://www.schooloftrade.com/, or e-mailing Sales@SchoolOfTrade.com / 800.381.2084 Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes.

Trade Management 4 of 5 Mechanical Discretionary

Mon, 22 Mar 2010 11:57:32 -0500

In todays video (4 of 5) we discuss the differences between a mechanical and discretionary trade management style. Before we go into detailslets recall where we left off Video #1: 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion Video #2: The Emotions behind Trade Management More Targets, Fewer Stops = long term profits Video #3: Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day Watch the 4th video to see how and when we use these different management styles. Dont miss the FINAL video in this seriescoming soonAdjusting Trade Management for different types of traders. Dont forget, if you missed the first 3 videos, you can find them here: http://www.youtube.com/watch?v=a_r5VX39pz8 http://www.youtube.com/watch?v=UxXC4Ihybm http://www.youtube.com/watch?v=SJO2ntzoy88 Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

99 Tick Winner Russell Wave Indicator, Back in the Action Monday 745am!

Fri, 19 Mar 2010 16:15:29 -0500

Today was Quadruple Witching, which means we had options expiring on 4 different classes today. This week was a very challenging week because of this. End of first quarter is always a bit slow and sluggish b/c most money managers are holding their accounts to see what the end of the quarter looks like so they can make an educated decision for their clients. We knew this, and we stayed patient today. We took the time to learn more about the Wave Indicator & our trigger zones today. Our trigger zones are a new way to use the wave indicator, and we will be adding a new members video to the advanced course this weekend to go over the details. We took 3 trades today. First trade was a winner on Crude Oil Futures. The 2nd and 3rd trades today were Wave Indicator entries, one of them was a HUGE 99 tick winner on Russell, so check out today video for more info! 3 trades today, 2 winners, 1 loss +10 ticks, $100usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

Notes from today...

Thu, 18 Mar 2010 21:16:49 -0500

42 Ticks LIVE Today w/ Trigger Zones! Raffle Winners Announced Tomorrow!

Thu, 18 Mar 2010 16:31:32 -0500

SchoolofTrade.com Daily Commentary 03-18-10 Market Gives Us Clues This Morning: - Crude Oil Futures Rollover Day today from 04-10 to 05-10 contract - Crude Oil is sideways, 2-tops/bottoms @ 840am EST - 900am Skipped a Wave Long b/c of slow speed of the tape (was a BIG winner!) - 10:00am Gold Futures, Wave Indicator did not trigger, and that fact makes us concerned that Gold may be sideways today With triple witching coming on Friday (tomorrow) we knew today could go either way. We had some decent volume in the early morning, and the market was moving pretty well. The big obstacles today involved the Dollar. The Dollar Index Futures began sideways, so we had to be careful with our trades on Crude Oil, Gold and Euro Futures. We then saw the Dollar Index Futures spike on decent volume, and the Crude Oil, Gold & Euro Futures began to drop like a rock! The challengetrading at the lows as these markets fell, and we discuss that in todays video, so please watch and learn 4 trades today, 3 winners, 1 scratch Our trade management style is the reason we are profitable! +42 ticks, $430usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

Recorded LIVE today! Market Prep SchoolofTrade.com

Thu, 18 Mar 2010 13:06:18 -0500

Traders of all shapes and sizes all have ONE important thing in common They have a simple & effective routine that they use every morning to get prepared for the trading day ahead. Todays video we show you a live recording of our live trade room! We open our Live Trade Room each morning @ 745am EST and we begin to prepare for the day ahead. Watch as we set our charts up live in real time in this video Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

Trade Management 3 of 5 Our Method of Managing Trades

Wed, 17 Mar 2010 11:44:43 -0500

In todays video we discuss the specifics of our Method of Trade Management Lets recall what weve covered so far In the first video, we discussed the 3 phases of the move: Initial Interest / Noise Follow-Thru Exhaustion With a better understanding of HOW the market moves, our second video discussed the emotional response to our trading, which allowed us to turn our emotions into an ASSET, rather than a liability. We defined our goals for our trade management as Hit more profit targets b/c that builds confidence and contributes to move winning decisions Hit less stops b/c this steals that confidence away from you Never let a winner trade turn into a losing trade Be in a position to capitalize on the BIG moves of the day! With this new knowledge, our 3rd video in this 5-part series covers our method trade management from development to execution. Watch this video on our Trade Management Method Dont miss our next video in this 5-part series, we will go into more detail on the different ways to manage a trade; Mechanically & Discretionary Sometimes the market doesnt do what we want it toand for those times we must know what to do if something goes wrongso dont miss the NEXT VIDEO coming later this week! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

FOMC Day LIVE Today; were you prepared for this? Raffle Tomorrow!

Tue, 16 Mar 2010 16:21:25 -0500

We knew from experience what to expect from FOMC Day today Our Strategy today was simple: - Be aware that FOMC Day = early close of the morning - Attempt to take some trades according to rules - Give the market a chance to give us some feedback - Make educated decision on how/when to trade - For example: o First three trades today were scratches and small losses o That tells us, be careful, todays market may not be very conducive for our trading success o If thats the case, sit on those hands, or wait for the price action to IMPROVE If you dont KNOW what the better price action looks like ask questions, or simply move to a simulator and look for the best patterns. The Market gives us CLUES today: - Decent Volume @ open - Consistent with FOMC Day o High Volume Early in the Moring o Volume will taper off as the morning progresses, in prep for FOMC announcement @ 215pm EST today o FOMC = Federal Open Market Committee, they decide the Feds Monetary Policy, ie, interest rates, spending, saving, changes being made o Fed Day FOMC Day o Known by traders as being a day of very inconsistent price action  Early volume  Slows @ 1030am EST  Be very careful trading towards lunchtime EST  Afternoon session, wait for 215pm EST announcement  Then wait for the price action to get stable b/c it will MOVE very violently today  Try to stay with your rules, dont get wrapped up in all the mess of price action - 9:15am Gold shows signs of Black-Box trading, High-Freq Trading system, flat choppy price action, and then violent spikes to the up-side. - As of 9:15am we took 2 trades, both 2-step reversals, both were very difficult price action, slow and choppy, early exits to avoid losses. - 945am Dollar is moving < 15 on Pace of Tape o Means VERY slow price action o The rest of the markets will also assume to be slow o Wait for the dollar to pick up speed of tape to begin looking for trades today Our first three trades of the day were all very slow price action and choppy. As always, we give the market an opportunity to make us some money, and if the market isnt there, we have to wait. Fortunately, we made a trade on Gold Futures that brought us out of the red, but not by much, pretty much a breakeven day in the market on FOMC Day Futures. 4 trades today, 1 winner, 1 loss. 2 Scratches +6 ticks, $60usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

56 Ticks LIVE Today; Momentum Told the Story

Mon, 15 Mar 2010 16:20:33 -0500

We opened our charts and the market told us a story today - Daily Savings Time in the US - Mondays are always slow to start - Triple Witching on Friday - Regulatory announcement today @ 2pm EST - FOMC Announcement tomorrow - 820am Crude Oil sideways, and very concerning around 80.50 level - 830am Crude Oil & Gold Futures < 100 on Pace of Tape Indicator o < 100 POT = VERY Slow, be cautious! - 915am Gold & 100 Pace of Tape - 10am Gold & 100 Pace of Tape What did all of this tell us? - News events will have people sitting on the sidelines waiting for more feedback from the market, so we must wait - Mondays are always slow, and with DST, this will be magnified - FOMC is tomorrow, so beware traders are skipping todays price action and waiting for tomorrow to see the announcement We took all of this information from the market and made a very educated decision: PATIENCE. We waited until 10am today to take our first trade, and the wait was well worth it! 2 trades today, 2 winners +56 ticks, $560usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page

Trade Management 2 of 5 Emotional Response

Fri, 12 Mar 2010 11:59:21 -0600

The Emotions behind Trade Management & how to Conquer Fear & Greed Where did we leave off last time? Our first video covered Understand the 3 Main Phases of the Move Initial Interest (or) Noise Follow-Thru Exhaustion In our 2nd video of this 5-part series we address the Emotions that affect our trade management. The emotional response to your trading does MORE than just make you happy or angry; it changes your perception of the market, and makes it easier, or more difficult to take the trades that are coming in the future. In this 2nd video we take a look at the EMOTIONAL RESPONSE to your trading, and how it affects our overall trade management structure. More profit targets means you will be more likely to keep winning Hitting stops means you are less likely to keep winning Watch this video on Emotional Response to your trading to find out WHY this happen! Once we know how & why our minds react to the different results we get as traders. Keep an eye out for the NEXT video.Our Trade Management Method itself, and how it will take different forms for different times in the markets we trade. If you missed the first video of this series.here is the link: http://www.youtube.com/watch?v=a_r5VX39pz8 Ready to become a James Wave Trader? Links for more information. Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

26 Ticks LIVE Today; Market Profile Webinar Friday 1130am EST!

Thu, 11 Mar 2010 16:07:47 -0600

SchoolofTrade.com Daily Commentary 03-11-10 We opened the live trade room this morning and the market gave us CLUES! - Rollover Day Currencies, Dollar, E-Mini - 8:30 Jobless Claims - Speed was decent after jobless claims - First move of the day on Crude Oil was missing BIG MONEY in the market, so we skipped it - Crude Oil Sitting at its OPEN @ 845am o OPEN = Zero line - 9:00am Gold Futures sitting below PREV LOD, and above the current LOD, trapped and choppy - 9:15AM Crude Oil taking too long to trigger breaker long pattern - 917am Crude Oil trade breaker long went nowhere on good buyers, lacked the FOLLOW-THRU - 945am Gold Continues to chop around the previous LOD and current LOD - 10:15am Dollar Index makes new Double-Tops and short term trend is FLAT - 10:35am Crude Oil, Gold, EVERYTHING is sitting sideways and very slow Today was Futures Contract Rollover Day for the following markets: E-Mini Futures Currency Futures Dollar Index Futures With that said, we knew first to make sure our charts were set up properly. Once we set the charts up correctly with the right front months, we then began to listen to the market, and the market told us to be patient and wait for price action to pick up speed. One thing we noticed right away was on Gold Futuresthe market was tucked underneath its Previous Low of Day, and held up above its Current Low of Day. While Gold Futures were sitting flat, we had to wait patiently for something to break out! 3 trades today, 1 winner, 1 loss Our trade management style is the reason we are profitable! +22 ticks, $220usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

Learn How To Better Manage Your Trades

Thu, 11 Mar 2010 14:01:51 -0600

Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well. In this video series you will learn: The 3 main phases of the move in the market, and how understanding these will show immediate benefit to the traders Profit & Loss Statement. The Emotions behind Trade Management & how to Conquer Fear & Greed The simple & effective method we use to manage our trades across different markets such as Commodities, E-Minis and Currencies 2 Different Types of Management: Discretionary & Mechanical Adjusting Trade Management for Different Types of Traders, Timeframes, and objectives Lets get started with our first topic. 3 Main Phases of the Move Before you learn how to manage the trade, you need to know how and why the markets are moving in the first place, as well as the different phases each move goes through as it develops. Each market has its own unique personality, but within that personality are the basic building blocks of each move, which are Initial Interest (or) Noise Follow-Thru Exhaustion With the knowledge of these 3 Phases of the Move you can now begin to plan your trade management to capitalize on these phases with the proper placement of stops & profit targets. Keep an eye out for the next video in this series The Emotions behind Trade Management & how to Conquer Fear & Greed Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

62 Ticks LIVE Today; FREE Webinar Tomorrow!

Wed, 10 Mar 2010 16:11:35 -0600

We opened our live trade room today and reviewed the market as we usually do Market Gives Us Clues This Morning: - Crude Oil @ 8am Double-Tops/Bottoms @ Big Round Numbers = Low Volume, Indecisive Price Action - 8:30am Crude Oil Gold are SLOW. Pace of Tape 100, beware! - Most of our markets have double-tops/bottoms today @ 8:45am - Price action @ 8:45am looks very weak, not much confidence in where price will head next. - First entry pattern @ 8:50am developed on VERY slow speed, and it did NOT show any BIG MONEY in the market, so we wait patiently. - 945am NO solid moves yet, everything on low volume - Dollar is also slow @ 945am, short term trend is sideways - Dollar rests on the LOW OF DAY @ 945am o Dollar Support = Crude/Gold/Euro resistance o Look to the short side of these markets today - 10:00am Gold Continues to sit on 1122.2, which was a pre-determined double-bottom So what was the market trying to tell us? Wait patiently. The patterns will comeand they definitely did! Everything was slow and sideways, 2-tops and 2-bottoms, sluggish pace of the tapeit was very clear we had to wait for something better. At 10:55 we took our first trade of the morning on Crude Oil Futures. We followed that up with another winner on Euro Futures @ 11am EST for more than 20 ticks or $250usd! We had to WAIT more than 3 hours to see that first trade, and then we saw 4 winning trades back to back to back! It goes to show that the most important job each day is the PREP WORK. Our ability to listen to the market gave us great clues as to what to expect from today. Those clues told us to waitwhich we did, and we waited thru the chop and slop for the best patterns of the day! Another great day in the live trade room! 4 trades today, 3 winners, 1 loss Our trade management style is the reason we are profitable! +62 ticks, $670usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

26 Ticks & Wave Indicator LIVE Today!

Tue, 09 Mar 2010 15:54:39 -0600

SchoolofTrade.com Daily Commentary 03-09-10 We opened our charts today and as usual, the market was trying to tell us something - 820am Gold moving down, but very sideways - Concerned about the 1100-1115 area on Gold, very choppy from last week - Crude Oil 80.00 area is also very choppy - 845am Crude Oil Pace of Tape Slowed as price rises for a 2-step long pattern o Then increases speed when price falls again o Short term market bias is the short side - 900am Good Speed, but sideways, not many patterns - Dollar is flat, wide sideways range, multiple days o Confirms the flat market on Gold & Crude Oil - 10:30am Dollar rests on Prev High of Day (support) o Overhead resistance on the Gold, Crude Oil, Euro The market told us to be careful because we had flat price action, lack of follow through the on the first moves of the day, and the dollar gave us issues with support and resistance. We were able to grab a few trades early in the morning, but by 10am the price had slowed down tremendously and we were trying to keep focused on the very best patterns along with SPEED and SIZE on the tape. As price slowed down we also took some time to learn more about the Wave Indicator, which is one of our oldest tools of the trade, and its STILL a very powerful trading tool. We spoke about the different ways to use this indicator, but we spent more time speaking about how VOLUME and the SPEED OF THE TAPE play into buying pullbacks or staying away from reversals. Volume / Speed is the most important thing in identifying the difference between a pullback and a reversal, and we discovered the many ways to avoid getting caught up in this reversal. Make sure you keep an eye out for a new video tomorrow that will discuss this very technique 3 trades today, 2 winners, 1 loss Our trade management style is the reason we are profitable! +26 ticks, $260usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

83 Ticks & Wave Indicator DEMO 2 for 2 today!

Mon, 08 Mar 2010 16:40:51 -0600

83 Ticks & Wave Indicator DEMO 2 for 2 today! Webinar on WAVE Tomorrow! We open our charts today and began looking for CLUES from the market that would tell us what to expect - Red POT & 100 on Crude Oil - Gold & Crude Oil sitting on the OPEN of the day @ 830am EST - Pound has double-tops/bottoms @ Big Round Numbers = light volume, indecisive price - Both Pound & Euro have POT & 100 @ 850am EST - All markets very slow and sideways - Momentum had a hard time confirming @ 915am EST (big buyers on tape, momentum not confirming) - 930 US Open: Gold is sideways and slow & Dollar is also Slow & 100 What did these clues tell us? Be careful! This is going to be a typical Mondayslow at the start. So we waited for the price action to gain speed, and we focused on waiting for the best patterns. Once 1000am EST came we had PLENTY of action, and our patience had paid off nicely! We also took some WAVE INDICATOR trades today, thanks to our members who shared their feedback! Come join us tomorrow for another FREE WEBINAR @ 1130am EST and we will talk MORE about the different ways to use the WAVE INDICATOR. 4 trades today, 4 winners, 0 losses Our trade management style is the reason we are profitable! +83 ticks, $830usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

360 Degree Explanation Of The Discipline Cycle

Mon, 08 Mar 2010 13:01:36 -0600

Our 5th video completes our Discipline Cycle, and the cycle returns 360-degrees to its beginning Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries In the 4th Video we develop a sense of Patience in our trading, which allows us to wait for the very best opportunities to present themselves in the market In this 5th video lets wrap up the Discipline Cycle: Profits! Remember Discipline Cycle® begins with Discipline to follow those rules, Discipline leads to Consistency in your trading, That Consistency leads to Confidence in your trading! Confidence develops the Patience to wait for the best trading opportunities! Patience to wait leads to Profits! Here is your final look at our Discipline Cycle diagram. Do you have a suggestion for another video series? E-Mail JJ@SchoolOfTrade.com! Hope it helpsStick to those Rules! See you in the Live Trade Room tomorrow @ 745am EST Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

Most Effective Indicator youve NEVER Heard Of

Mon, 08 Mar 2010 10:19:08 -0600

Author: Joseph James, Schooloftrade.com Most Effective Indicator youve NEVER Heard of; SPEED Trading on ANY Timeframe. You open your charts @ 8:00am EST on Monday, and you begin to prepare for the trading day ahead. You set up your indicators, you mark support & resistance, and you get your trading DOM ready. You go over your trading rules, you remind yourself about trading with discipline, and youre alarm goes off @ 9:15am EST to warm you of the US Market OPEN at 9:30am EST. The market opens; you begin to watch for price patterns, volume, momentum, market profile, and numerous other techniques youve learned. A breakout pattern begins to set-up; you check your rules, no news coming, so you get into your first trade with confidence. 1 2 3 4 5 Seconds go bywhat do you do next? Should you let the trade run? Should you cut the trade early to avoid a lossbut also avoid a win? Theres no rule for this situation, price is just sitting there, doing nothing! This story is something that all traders can relate to. Your rules line up perfectly, but the trade doesnt work out as plannedwhy not? What else can we look for? What other indicator (if any) could you enlist? I learned the importance of SPEED a number of years ago, and it was just as important as learning to read tape and volume information in the market. What is speed? And why should we pay attention to it? Speed is one the things you learn with experience as a trader. More time in the market and you learn the difference between a FAST & SLOW market, and with that distinction you can then avoid times in the market when it appears to be slow Ask any experienced trader what slow means, and they have trouble expressing it though, its a discretionary approach to reading the market. Speed is important to traders of all shapes and sizes: Scalpers Day Traders Position & Swing Traders No matter what asset you trade or timeframe you use, we all watch speed in the market to tell us when the odds are in our favor. Speed is defined as the rate in which the market is moving, and this speed can be seen in many places in the markets we trade: Speed at the Open Speed at the Close Speed of the Time & Sales Window Speed of the Patterns Developing on your chart Speed of each Pattern Triggering according to rules Speed of the Follow-thru after the pattern triggers, filling your profit targets Speed of the Continuation of the move, rather than the failure Speed of the Exhaustion of the move Speed of the Reversal of the move And the process starts all over again. There are lots of times when speed is important, but lets focus on the big three: Speed of Tape Speed of Set-up Speed of Follow-thru Speed of Tape This is the speed of the orders coming into the market, and can be seen on your time & sales windows. Some traders will use technical indicators that measure the pace of the time & sales window to measure its speed, but many traders will also rely on their 2 eyes to do the work. We want the speed of the tape to be as fast as possible at your time of entry, and we watch the speed of the tape throughout the entire move. From entry to exhaustion, the speed of the tape is the most under-valued tool for understand when price will turn around and reverse, which makes the speed at the time of exhaustion a very effective way of identifying when to exit a trade or take profits. Speed of the Set-Up: Look for the patterns to set up quickly, in fact, we like to see less than 5 minutes for the pattern to develop. This can be applied to slower timeframes with a multiple of 1 x your fast timeframe chart (email me for more info on that if needed). As the pattern is setting up we look for it to do so quickly. We dont want a pattern taking too long, so look for the slow times in the markets to also show patterns that are slow as well. Time is NOT on our side, and the longer the pattern takes to trigger the entry, the more dangerous it becomes. A good example of a simple rule to use: if the pattern takes more than 5 minutes to trigger, wait for the next one, its taking far too long to trigger. Speed of Follow thru: This aspect is vital to your long term success, and its the difference between a 10-tick winner and a 100-tick winner. Do you know when to hold it and when to fold it? Speed of the follow-thru describes the way the trade finishes up: Did the trade go for 10 ticks in 10 minutes? Did the trade go for 100 ticks in 10 seconds? Is the market EXPLODING after a few ticks in your direction? Is the market STRUGGLING to move in the direction of the trade? Is it happening fast? If not, this market is one to avoid Simply put, if I notice that my trades are only going 5-10 ticks in a very hesitant move, I will be very careful trading that market because its not showing the likelihood of moving in large chunks, which makes us more money. Beware of trading a market that is slow to move after entry, it will make it hard to recover from a loss, or to make any real profits that day because it lacks the follow-thru it needs to be a wide-range market for that trading day. What tools do we use to watch for speed in the market? Time & sales window Fast timeframe (1-min, 4-Range, 89-Tick) Technical Indicators that measure the Pace of the Tape No matter what type of trading you do, your level of experience or your objectives as a trader, SPEED will always have a very important part in your trading decisions. Understanding how to use speed wont happen overnight, but with the time in the market you need to gain the experience, SPEED will always be the most effective way on increasing the CONSISTENCY of your trading in the future. Tomorrow morning when you open your charts, take a minute to consider the SPEED of the tape, the set-up, and the follow-thru of the market you are about to trade. Your hard earned risk-capital will thank you for it! Stick to those rules, and watch the speed! - Joseph James 03-07-2010 Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

Busy Friday! Dollar Index Correlation saved us today! Back Monday @ 745am EST

Fri, 05 Mar 2010 15:16:33 -0600

SchoolofTrade.com Daily Commentary 03-05-10 We expected to see a VERY busy morning today with Non-Farm payrolls out @ 830am EST today, but it never really got into high gear in the markets we trade! We watched the Dollar Index Futures correlation with Gold Futures and Crude Oil futures, and todays video tells the story! See you Monday @ 745am EST Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

49 Ticks LIVE Today; Non-Farm Payrolls Tomorrow @ 830am EST Dont Miss it!

Thu, 04 Mar 2010 16:21:41 -0600

We had another great day in the live trade room! We made a handful of points in Crude Oil & Gold Futures! We used the Dollar Index Futures to tell us when it was ok to look for patterns! The day started off pretty slow, and we were expecting that. Yesterday was very slow, and Friday (tomorrow) is Non-Farm Payrolls @ 830am EST, so we anticipated that the BIG MONEY would be sitting on their hands waiting for the news tomorrow. We opened our charts and saw: - Red Pace of Tape < 100 across all markets - Gold & Crude Oil Futures sitting on their OPEN of the day These two things told us very quickly that we had a flat market that was very slow. Think of it this way If the market is sitting at the OPEN, it is likely to be a challenging day b/c there is very little buy/sell pressure in the market. If there was ANY pressure in the market in one direction UP or DOWN, the market would NOT be sitting at the OPEN, it would be trading at its Highs or Lows. So the market sits on its OPEN, that tells us to wait for the pressure either up or down develops, which will give us a higher percentage possibility of having a LARGER winning trade. With that said, we knew we had to wait for this market to wake up for us to trade, and it certainly did, but we had to wait a little while. 830am EST had Jobless Claims Reports, and we were able to grab some volume from that and get our first trade of the day taken,a winner on Crude Oil Futures. 5 trades today, 4 winners, 1 loss Our PATIENCE and attention to DOLLAR INDEX FUTURES helped us tremendously today! +49 ticks, $490usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

5 evolutionary stages to our Discipline Cycle.

Thu, 04 Mar 2010 13:56:27 -0600

Our 4th video of this 5-video series we talk more about the 5 evolutionary stages to our Discipline Cycle. Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries In this 4th video of this 5-video series we get introduced to the 4th phase of the Discipline Cycle: Patience Just ask my Grandma Patience is one of the most important skills you can develop in anything you want to do, and trading is no different. This is the Patience to wait for the best patterns, for all your rules to line upthis is the PATIENCE to wait for the very best opportunities in the market! Without this patience, we risk taking trades that should be avoided, and this will hurt our long term success. Remember Discipline Cycle® begins with Discipline to follow those rules, Discipline leads to Consistency in your trading, That Consistency leads to Confidence in your trading! Confidence develops the Patience to wait for the best trading opportunities! Whats next? Keep an eye out for the 5th and final video in this series to learn the final evolutionary phases of our Discipline Cycleyou DONT want to miss the rest of this series! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

40 Ticks LIVE Today; 1-Contract Trading Webinar TOMORROW!

Wed, 03 Mar 2010 15:26:33 -0600

Very challenging day today in the markets we trade. The markets gave us some good clues this morning when we opened our charts: - Red POT on Crude Oil @ 830am < 100 - Flat Trigger Lines on CL and ALL the same price level, also a BIG ROUND NUMBER = sideways, beware! - Breaker Short on Gold took > 10 mins to triggerstill waiting - Lack of BIG MONEY in the market! - Trading @ its OPEN of Day (Gold, Dollar, Euro) o We consider the OPEN of the day to be the ZERO LINE, above/below will show buy/sell pressure. So after listening to what the markets were telling us today, we knew one thing.be careful. Our concerns were certainly justified today we waited for patterns, and when they set up it became very apparent that we were lacking a lot of the fundamentals that we look for. - Momentum would NOT confirm - Flat Dollar at all times - Lack of BIG MONEY to confirm the entries So without our rules lining up as we like them, we were forced to use patience and discipline to sit on our hands and wait to see if the market made any changes to the way price was moving. Remember, our RULES are what made us money this week, and we cant forget that. We cannot decide to deviate from those trading rules SIMPLY b/c we didnt see many patterns today within those rules. Patience is key, we will be back here tomorrow looking for more! 2 trades today, 1 winners, 1 losses Our trade management style is the reason we are profitable! +4 ticks, $40usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

132 Ticks LIVE Dollar Support = BIG Profits!

Tue, 02 Mar 2010 15:55:31 -0600

We opened the trade room today @ 745am est and as expected.. Red Pace of Tape Flat Trigger Lines Flat Dollar Very Little News to spark the price action So we have a slow, flat market that doesnt want to break out of its tight trading ranges This includes the DOLLAR INDEX, which weve been watching for weeks now as a VERY consistent indication of price movement on the Gold Futures and Gold Futures. One of the most efficient ways we use the dollar is to confirm avoiding a trade. Its very easy; if the dollar is flat and slow, we need to be careful on the Dollar & Crude Oil. With that finger on the pulse of the market we knew how to avoid a lot of trouble, and our quick exits should be example of that. We dont want to let trades get too far against us in choppy markets, so we cut losses EARLY> The DOLLAR INDEX was a very efficient way of doing that today. This CONFIDENCE in our trading enables MONSTER trades like the one we saw TODAY @ 1045 on GOLD FUTURES. Traders often miss the importance of small LOSSES. Small losses earlier on in our day enabled us MENTALLY to be in a position to be in the market at the right time. The Dollar was sitting on Resistance, and we were looking at the Gold Futures We got a little lucky on the SIZE of the move, but we know LUCK favors the PREPARED, and we were locked and loaded when the time came to pull the trigger, so congrats to all the members who made money today, even if there was a little extra help from the market Watch the video for the details on that trade, its a keeper! 9 trades today, 7 winners, 3 losses +132 ticks, $1320usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

Discipline Cycle (3 of 5) Confidence

Tue, 02 Mar 2010 13:35:36 -0600

Our 3rd video of this 5-video series we talk more about the 5 evolutionary stages to our Discipline Cycle. Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In this 3rd video of this 5-video series we get introduced to the 3rd phase of the Discipline Cycle: Confidence Confidence is like OXYGEN to a trader. Without Confidence we may last for a few hours, day, weeks, but eventually we will die from lack of confidence as our trade account dwindles down lower and lower each stop we take b/c we dont have the confidence we need to take only the BEST patterns defined by our rules. A professional trader would trade thousands of dollars for an ounce of confidence b/c we all know that a confident trader is a profitable trader, and without the confidence, traders know they wont last long. Remember Discipline Cycle® begins with Discipline to follow those rules, Which leads to Consistency in your trading, That Consistency leads to Confidence in your trading! Whats next? Keep an eye out for the 4th and 5th videos in this series to learn the final evolutionary phases of our Discipline Cycleyou DONT want to miss the rest of this series! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

Dollar Index Futures & Correlations to Crude Oil & Gold Futures Trading

Mon, 01 Mar 2010 15:48:04 -0600

Scalpers, Intra-Day, Position & Swing traders alike benefit from the correlations seen between the US Dollar Futures Index (DX) & Commodity Futures such as Gold (GC) & Crude Oil (GC). The US Dollar Index Futures is one of the most widely-recognized electronically-trader markets in the world. Comparing the USD against a basket of major currencies, this futures index has relatively low daily trading volume compared to Euro or Pound, and is primarily used for its strong correlations to aid traders in many different situations. Professional traders watch the Dollar Index at the times it is most active, which occurs from 8am to 12pm EST during trading days. The times also correspond well with Crude Oil & Gold futures, which also see more activity at these times as well. There are many ways to use the US Dollar Index for trading opportunities, but most traders find the DX to be most consistently-used as a filter for high-risk trades. Lets first discuss the basic correlation that traders use. There is a negative correlation between the DX and almost every other market that traders watch. The Dollar is negative to other currencies b/c its the world reserve currency, and its negative to commodities b/c of the simple laws of supply and demand. Lets focus on the correlation to Gold & Crude Oil Futures. When the Dollar is rising, Crude Oil & Gold falls As traders, there are lots of different times in the day when the dollar begins to move more dramatically, such as the open of the US Markets @ 9:30am EST, before and after major news events such as Jobless Claims Reports or FOMC News. We look for the Dollar to begin its trend, and using the negative correlation between these markets, we look for crude oil & gold opportunities to the opposite of the dollars trend. When the Dollar is trending, traders use Breakout Patterns to capitalize on this correlation With the dollar rising, look for high-percentage entries to the short side of Gold or Crude Oil Futures. When the Dollar is flat, the Crude Oil & Gold is flat Most traders will use the Dollar correlation as a filter because it allows them to avoid high-risk entries on Gold & Crude Oil Futures. Without a trend on Dollar, the Gold & Crude Oil Futures also show flat price action, and tend to reverse their current trends often. The dollar has a tendency to get very choppy during indecisive times in the market, and we tend to stay away from higher-risk trading on Crude Oil & Gold during these times. When the Dollar is Flat, Traders use Trend-Reversal Patterns to Capitalize on this correlation. Another important thing to watch on the Dollar is key Support & Resistance around simple chart patterns. For example, using a Head & Shoulders pattern on the Dollar, traders will avoid trading Gold & Crude Oil when the Dollar attempts to complete the trend reversal. Smart traders will wait to trade the reaction to the move around these extreme levels, rather than trying to be the first to enter the market when the Dollar here. In closing, the Dollar Index Futures can be used very effectively with a negative correlation with many of the market we love to trade. Of all the uses for this index, the most effective way most traders use the Dollar is as a filter, to avoid taking high-risk trades on other markets such as Crude Oil & Gold. Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

18 Ticks LIVE Today; Dollar Index Told the Story

Mon, 01 Mar 2010 14:49:57 -0600

We opened up the live trade room this morning @ 745am EST and we noticed the market trying to tell us a story: Monday morning Red Pace of Tape (slow speed of the market) Flat Trigger Lines (sideways market) All Trigger Lines were the same price level (broad sideways market) Dollar Index was sideways (caution) Dollar Index has triple-top overhead resistance (negative correlation) Since it was a Monday, we had to beware of a slow start. The same reasons why YOU dont want to get up on Monday is the SAME with other traders, so we wait to see if volume will be an issue on Mondays always. In addition, we also saw Red pace of tape indicator and flat trigger lines across all timeframes. Red pace of tape shows slow price action speed, and flat trigger lines tells us that the market as a WHOLE is sideways, everything from Daily charts down to Minute chartssideways. We then looked at the Dollar Index today, and we noticed 2 key components: Slower timeframe had overhead resistance w/ triple-tops Fast timeframe was flat and sloppy, no trend The slower timeframe tells us to BEWARE trading when the Dollar Index is trading into MAJOR resistance/support, which it was. The fast timeframe on the Dollar Index tells us we need to wait for it to begin trending. We like to avoid trading ANYTHING when the dollar is flat like it was today. So we had to be cautious with the Dollar looking like it was, and our patience always pays well Today was a challenging day, we took 5 trades, 2 of them were winners BEFORE 930am EST, and then we managed to give back a few ticks, but for the majority of the morning, the Dollar Index kept up on the sidelines, where we belong when it trades like it did today. 5 trades today, 2 winners, 3 losses +18 ticks, $180usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

22 Ticks LIVE Today; Quiz Raffle is Monday!

Fri, 26 Feb 2010 16:22:55 -0600

SchoolofTrade.com Daily Commentary 02-26-10 We got exactly what we expected out of the market today. We opened our charts at 745am EST and we saw. -Gold @ OPEN (flat market) -Very tight trading ranges on Gold -Crude Oil, all trigger lines are the same (flat market) -Red Pace of Tape, RED = SLOW price action -Dollar = Red Pace of Tape, Flat Overall Trend, Slight uptrend on the fast timeframe Things looked and felt very slow at the open, and no matter the REASON is for this, we knew we had to remain patient and wait for the best patterns to show up. We also made note of the slower timeframe levels on the Dollar Index Futures Chart. We spotted a double-bottom on Dollar around 80.500 and we knew that if the Dollar Index tried to break out below that level we would see things get pretty choppy, and they did! After 10:30am est. today the Dollar attempted to break below these 2-bottoms and we also saw the reaction on crude oil and gold futures immediately. Once the Dollar began to attempt this breakout, we had to wait patiently to see what the reaction would be, and Im glad we did. The next 45 mins of the market, into lunch, was VERY difficult to tradeall pointing back to the Dollar Index level it was having difficulty breaking. So, once again, knowing what to look for, we knew to stay away towards the end of the morning on Friday, and that ended up being the best decision we made all day b/c it KEPT the money in our pockets instead of giving it back to the markets! 4 trades today, 2 winners, 2 losses Our trade management style is the reason we are profitable! +22 ticks, $210usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

22 Ticks LIVE Today; Quiz Raffle is Monday!

Fri, 26 Feb 2010 16:22:54 -0600

Discipline Cycle 2 of 5 Day Trading E-Mini Futures

Fri, 26 Feb 2010 11:30:11 -0600

In this 2nd video of this 5-video series, we talk about the 2nd Phase of the Discipline Cycle, which is Consistency. Lets first recall where we left off on our Last Video: We Listened to My (JJs) story of HOW and WHY he created the Discipline Cycle We Learn what the Discipline Cycle is and how it works We learned the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well. Now that weve found discipline in our trading, we begin to see some consistency in our trading. If you follow your mechanical rules with discipline, things will begin to take form Remember, this may not be profitable consistency yet, but this consistency will give you the SAME patterns, the SAME entries, and the SAME feedback from the market each trade you take, which will produce valuable Consistency in your trading, which will enable you to continue to grow with this cycle In this 2nd Phase of the Discipline Cycle we lay the foundation for Consistency in your trading, so make sure you watch this video, and stay tuned for the rest of this 5-video series, which will teach us more about the EVOLUTION of a Trader through the Discipline Cycle! Keep an eye out for the 3rd Video of this seriesyour Profit & Loss Statement will THANK YOU! Stick to those Rules! See you in the Live Trade Room tomorrow @ 745am EST Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today! Share your story with us! Provide a SchoolOfTrade.com Review

66 Ticks Sideways Ranges on Crude Oil & Gold We know what to LOOK for!

Thu, 25 Feb 2010 13:41:20 -0600

What a great day in the markets today! I think we may be learning here! We waited patiently for the time in the day when the price was moving quickly, and not sitting there slowly. We knew to pay close attention to the DOLLAR INDEX FUTURES Fast & Slow timeframes. We knew to stay AWAY from the extremes on the sideways ranges in crude oil and gold futures. And we knew to follow those rules when we tried to enter a trade. The result? NO STRESS! Easy trading and no pressure to MAKE UP TRADES! We traded everything from the British pound, to Gold and Crude Oil futures today. The day started pretty well, taking 3 winning trades before 930am EST is always a major plus, and then we can stay focused on the best potential entries the rest of the day. We took a small loss at 1030am EST, but finished up the day with our largest trade of the day on Gold, on a 2-step short, counter trend off the High of Day! It was another great daysee you in the live trade room tomorrow! 6 trades today, 5 winners +66 ticks, $600usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! TODAYS TRADE ROOM QUESTIONS: WEBINAR: Trading the News: - Every new trader attempts this o I spent more than 1 full year trying to study and dissect how to trade the news Here were my results: - Charts tend to Jam on you o When the news is released, charts tend to lock up, makes it hard to execute! - Market lose liquidity o People are desperately trying to get filled o Lots of slippage o The choppy price action around the news = more slippage as well - No way of telling what the REACTION will be to the news release? o Jobless Claims RISE (less jobs, more un-employment)  Crude Oil = rise? Cost of goods drop Inflation should drop Commodity prices should DROP Crude oil should.fall? What was the previous report? Are there any continuing claims? What was the expectation? How do trade the news? - Avoid the market 5-mins / 5-mins - Avoid that illiquid, unpredictable in the reaction to the news event - Pick a news event that happens WEEKLY - Study the previous releases - Study the reaction to the market - Study the OTHER news releases that could correlate to it o Jobless Claims:  Manufacturing, goods and services produced  Durable Goods orders, cars, trains, manufacturing  CPI, PPI, Inflation  GDP, NFP numbers - Once you have your news event identified, and you do your homework. - What is your entry rule? - What is your exit rule? o Jobless Claims  Entry = exceed the expected news number by 10%, and the correlated news is XYX  Exit = reaction to the news, profit targets, and where is your stop? Where do you take profit? Where do you get out for loss? o S/R levels, major levels, most important Profit targets o 8 / 23 / 50 In conclusion: - Had days made $3000 - Had MORE days losing $3000 - Trading the news is NOT consistent - Thats why I dont trade it today

34 Ticks Today Look for the CONFIRMATION to Pull the Trigger

Wed, 24 Feb 2010 16:32:49 -0600

Another day filled with learning and profits in our live trade room for members and guests! Today was a challenge, but we knew what to expect! We identified the day ahead of time today as being a potentially VERY SLOW day because of Feds Ben Bernanke in front of Congress Sec. Tim Geithner in front of the Budget Committee Toyota hearing on Capital Hill With these speaking events today, we expected to see more people sitting on the sidelines than any other day this week. We were correct, and we saw this in the markets when we opened our charts: Red Pace of Tape Indicator Flat Trigger Lines All Trigger Lines were the SAME price level Lack of BIG MONEY in the market The lack of BIG MONEY was the most obvious. We had dozens of potential trades today, however, we cannot change our rules, we need to see BIG MONEY in the market as a confirmation to take our entry on the trade. The patterns kept lining up, we qualified each one correctly, and we WAITED for the BIG MONEY to give us the confirmation trigger..and.NOTHING. Lots of little traders on the time & sales window, nothing from the BIG MONEY, and we assume it was b/c of the events scheduled for today. So how did we trade this market today? Very patiently, and we emphasized being aggressive with our defense! Lock in profits early, and move onto the next high percentage pattern. One of the most important things to remember on days like today is that making money is a great result, but keeping money from yesturdays $800 day is the most important. Often times the market will give you a challenging day, and the easiest way to trade it is to use patience to wait for the obvious patterns, look for the best volume, and lock in those profits b/c the market gets very choppy quite often when volume slows down. We stuck to our rules today, and we made money! 6 trades today, 3 winners +34 ticks, $365usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session. Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Click here for our trade room questions

(1 of 1) 5 part video series, Discipline Cycle

Wed, 24 Feb 2010 12:20:50 -0600

Your Emotions can be an asset or a liability to your trading; I think we all agree on that. Out of ALL the things we worry about in the trade room each day, the most important is within ourselves! Our emotions a deadly to our trading if we cant keep them under control. Created in 2003, the Discipline Cycle is the by-product of Joseph James attempts to find an easy way to change the emotional impact on his trading. Every trader goes through an evolution of learning and growing as a trader, and this Discipline Cycle defines that EVOLUTIONARY PROCESS that all traders must go through to achieve long term and consistent success as a day trader. In this first video of this 5-part series you will Listen Josephs story of HOW and WHY he created the Discipline Cycle Learn what the Discipline Cycle is and how it works Be introduced to the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well. Oh.wait!!!!!! If youre thinking to yourself right now.why do I need Discipline? YOU are the trader this video series is designed for! Watch this seriesyour PnL statement will THANK YOU! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page Sign Up For Your Free Three week Trial Today!

74 Ticks Today, Dollar Index Trading Webinar on Thursday

Tue, 23 Feb 2010 16:28:21 -0600

SchoolofTrade.com Daily Commentary 02-23-10 We had another GREAT day in our live trade room! We knew this week would be challenging with a LOT going on Bernanke speaks off and on all week Toyota hearings in Congress today/tomorrow Alan Greenspan making comments about TARP The lists went on and on about how many things were going to be happening this week, and ALL of these threatened to steal that always-important VOLUME and SPEED from our markets. Today was a great example of a SLOW market, but with lots of patterns, so we had plenty of patterns to look for, but only a few of them qualified. We took trades on Gold, Crude Oil & Euro Futures today, all were winners. Keep an eye out for our DOLLAR INDEX Trading Webinar this Thursday! Make sure you are on our newsletter for more info on this new event coming this week! 5 trades today, 5 winners +74 ticks, $793usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Ready To begin Your Trading Career As A James Wave Trader? Click here To Catch Up On All Of Our Quizzes. Follow This Link To Check Out The Courses We Offer Click here learn our methodology and subscribe to our YouTube Page

13 Ticks Today; Manage Losses correctlywith WINNERS!

Mon, 22 Feb 2010 16:11:46 -0600

Great weekend for watching the Olympics on TV, and was hard getting up early for Monday morning trading.and I think the rest of the market really did the same thing! It was expected to be a slow Monday morning b/c: All Monday Mornings are relatively slow No major news events today Ben Bernanke spoke @ 11:00am EST Basically, a Monday with zero news and Ben Bernanke speaking makes for a slow and sluggish beginning to the week, and that EXACTLY what we got! We began the day looking at the market Red Pace of Tape (all 4 markets; 100) Flat Trigger Lines Not many BIG MONEY traders in the market So we knew that patience was going to be the key to our success today, and even though we knew we had to wait, it certainly doesnt make it any EASIER to hold off on trading on a Monday morning. Sitting on hands is easier said than done, right? We took 6 total trades today, and the first 3 trades (before 10:30am EST) we didnt get very much to work with, and our results showed. We took scratch trades, losses, and a small winner up to 10:30am EST, and then we finally got some movement in the markets, which allowed us to make some profits! Stay patientwait for your perfect pattern, and dont be afraid to lose money. This is what we have to be focused on as a trader in todays challenging environment. 6 trades, 2 losses, 3 winners, and a scratch trade! +13ticks ($140) See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

106 Ticks HUGE Day in the Live Trade Room! Dont miss Monday!

Fri, 19 Feb 2010 16:31:31 -0600

Today reminded us of why our trading methods are so successful! We battled tough markets all week this week, and at times, it seemed that there was no light at the end of the tunnel.not so fast! Tuesday, Wednesday & Thursday and the choppy markets that they delivered were quickly forgotten today when we saw plenty of price movement, lots of good volume, and the perfect patterns that set up over and over again. Some days it feels like you cant loseand today was one of those days! We took 9 trades today, mostly on Crude Oil Futures, and we did a great job at executing according to our simple trading rules. From trend-continuation to counter-trend, we took long and short according to our Breaker and 2-Step Patterns. Tiger Woods got up and spoke around 1030am EST and the market began to slow down, but not before we had already grabbed over 100 ticks out of the market. After we saw the market begin to take off for an early lunch, we took an hour to answer questions, and we finished up the week with a special webinar on the Discipline Cycle Overall, a great way to end a great week in the live trade room! We took 9 trades today 7 Winners / 2 Losses TOTAL = +106 ticks / $1,060usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! TODAYS TRADE ROOM QUESTIONS: JJ@SchoolOfTrade.com Where can I find todays news? http://schooloftrade.com/news Which brokers do we use? Sales@SchoolOfTrade.com / 800.381.2084 List of brokers, computer requirements, etc+ How do we define the BRACKETS? - Starts w/ Auto-Levels Indicator o Draws all the RED LINES (important) automatically o Projects those lines on my FAST timeframe so I can use them to take trades - Bracket = RED Line High, & RED LINE Low Contract Rollover: - Crude Oil: Monthly; trade the month with the MOST volume - Gold: every-other-month: trade the month with the MOST - Currencies: quarterly - E-Mini: quarterly - More info: on the exchange websites  NYMEX Gold Crude Oil  CME Group E-mini Currencies o Google: contract rollover Crude Oil NYMEX Dollar Index = DX (dont trade it, use its correlation) DAX Futures (Eurex) = FDAX (www.Eurexchange.com) - Rollover is also quarterly on the DAX, FESX, CAC, FTSE When does lunch begin? - Remember.ends early on Friday - No lunch bell, so we wait for the market to tell us o Slower Price Action (speed)  Pace of Tape Indicator o Sideways Markets  Flat Trigger Lines o Fewer BIG Money traders  Filtered Time & Sales Window Filtered for 10+ contracts, shows the big trades only, easier to see. Does the SIMULATOR give you LIFE-LIKE results? - Fills? Exits? Targets? o YES! If you use it correctly  TUTORIAL: Setting up your Workspace Control Center: change the settings on your simulator o TradeStation SIM = very basic, no reality behind it o NT SIm is the Best (also like the Market Replay Recorder) DAX: Volume is too low right now - Ever since end of 2008 the DAX lost all speculative volume (FESX and ES) - Rule = 100,000 contracts before 8am EST o If less, stay away, not enough volume  DAX = very whippy  25 euro / point 12.50eur / tick Avg trading range = 130 points o ES Avg = 13points What if I lose control over my charts & im in a trade? - Go get a change of pants!  - Be prepared: o Back-up internet connection o Back up battery-power o Know the phone # (two) for your brokers trade desk o Your stops and targets will remain in the market until your broker removes them for you. o If theres no powerhow do you CALL?  Cell phone, something that can be used without power in your house Advanced Membership: - Lifetime access - Open-code indicators - No monthly fees - All future up-dates ( to include automation) - Free Charts ($150) ($3600 each year you save!!) - Free Market Data ($150) - Chart Templates - 24/7 tech support - Video chapters, easy to learn this way! - Ninja Charts have a license fee of $995 for lifetime, we show you how to AVOID that fee (easy) What are the skills we use as traders? - Same as other occupations? o Doctor? Engineer? o Different: combination of discipline/focus, avoid fear-based decisions, keep our cool, and we need to be risk-takers Be careful about those BIG BROKERS - IB good example - Filtered Tick Data! Pace of Tape Indicator and RANGE charts are going to be DIFFERENT with IB o Too expensive  Margins too high ($1,000 on Crude Oil)($500)  Commissions too high  All the bells and whistles are not needed for a day trader o Sales@Schooloftrade.com 800.381.2084 What account size is ideal? - 1 contract traders = $750 ($500 min) o Crude Oil =$1,000usd / contract ($1500usd) - 3 Contract Trader = $2500usd + o Crude Oil = $3,000 ($3750) - 6 tick stops, these are tight stops, we can get away with small account o 20 tick stops.big difference! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

14Ticks Today: In a hole? Stop Digging & Follow THESE rules!

Thu, 18 Feb 2010 15:39:45 -0600

Today was a day made for building character, one of those days you heard about when traders tell stories about the struggles we all go through as traders. We had chart issues at the open, so we had to deal with re-loading charts The Market was VERY slow today almost all morning First trade was a FULL STOP LOSS, so we dug ourselves a big hole We didnt know if we would have any opportunities to dig our way out! To say that today was challenging would be an under-statement! We began with a VERY slow day in the markets, which makes it difficult to be confident in our entries b/c low volume typically brings inconsistent S/R levels. On top of that, we continue to see the result of the snow storms we saw in the US the past 2 weeks with our data servers CLEARLY having a hard time with pushing our charts. After re-loading charts twice, we were exhausted from trying to mess with charts, that we were happy to be back in the markets when they finally got working again around 10:30am EST. To make matters worseafter we loaded our charts @ 1030am and started trading after the delay we took a FULL STOP! Ouch! It has been 3+ weeks since we took a FULL stop. We take pride in our abilities to take SMALL losses and LARGE winners, but this was a FULL stop loss, so it hurt! To make matters worse, the REASON for the losscompletely a mental mistake. Our second trade of the day did NOT have 6 ticks of room to let the trade run, and we missed that, took the trade, and of course, our RULES would have kept us OUT.but we were INand we had to make up for that mistake somehow! So how do you dig yourself out of such a big hole? Lets recallthe market is VERY slow todaywe only took 2 trades1 scratch1 big lossso we had to focus on our plan and wait patiently for the best patterns to take. We cant risk another loss, so we had to be patient. The best way to dig out after a loss is to take a quick break, re-focus, and then prepare yourself for waiting for the next high percentage and PERFECT pattern to take the trade. It doesnt do us any good to take high risk trades when we find ourselves in a hole, its too risky to lose MORE money! So we did just that.we waitedand sure enough (as always) more patterns showed up, and we took the best patterns with confidence! Our 3rd trade made half the loss back Our 4th trade of the day, just before we finished for lunch, made us 24 ticks and got us back in the green for another day well traded! The key today: If you find yourself in a holestop digging. Focus on Rules. 2 Losses / 2 winners TOTAL = +14ticks / $140usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! TODAYS TRADE ROOM QUESTIONS: What are the settings on the time & sales window? - ADV/Download Section: Time & Sales Window Properties (copy that) - Filtered Time & Sales = 10 contracts, Block size = 20 Market Profile: How do we use it? - Used very differently than most traders - Use it as directional bias, and a confirmation tool - FREE Webinar on it all the time, Tuesday & Thursdays @ 1130am EST Limit Moves: - Each exchange has a specific limit to the amount of movement in price in one single trading day - Doesnt happen often - Last time I saw it early 2008 with the credit crunch - Crude Oil: never seen it - Corn, Wheat, Soybeans, saw it often in 2008 - Go to the exchange website for more info on daily limits Max loss per day? - 2 stops in one day Either 1 reason or the other Im not making good decisions today The market may not be in a good position either Both are reasons to STOP giving money away! - Move to simulation - Never stop trading, dont take yourself out of your rhythm OPEX: 3rd Friday of every month, unless the first of the month is a Friday, then its the 4th Friday - Applies to the E-Minis ONLY - NOT to Currencies or Commodities - Most important day is WEDNESDAY (Wacky Wednesday) Options expire on Saturday Last day of trading is Friday, so we call it opex Friday People get started managing their expirations on Wednesday Lots of unpredictable volume Large traders entering and exiting the market without and reason Wednesday = haircut/dentist/eye-doctor/mother-in-law visit Transition into Lunch: - Theres no lunch bell that rings, so we watch the market to tell us Slow Price Action: Red Pace of Tape Indicator Sideways Markets: Flat Trigger Lines (fast) Lack of BIG Money: Fewer orders on FILTERED time & sales window What if your levels are different than JJs? - Re-load your historical data - If your slow time frame doesnt match your fast timeframe levels, you need to re-load the indicator NinjaTrader 6.5templates Delete the file for the chart in question F5 on Slow F5 on Fast That will re-load all your levels 6-Tick Rule: what does it mean? We use Swing Highs/Lows for potential entry points in the market o 6 ticks of room from our potential entry to the next level of S/R o Also check my slow and medium timeframes as well (watch the trigger lines & trend lines) o Ignore other light-blue swing levels Unless you see a bunch of them on top of each other, that gives a lot more importance than a single swing high/low Pace of Tape Indicator: - Measures the speed of the tape -Lots of info on the Youtube page - Does not count volume No different between 100 lot order and 10 lot order, as long as its 1 order Example: RPM in your cars engine, POT = RPM of the market Speed of the Tape Use it most effectively by watching the comparison of where it was and where it is now Rising POT = confirms the move Falling POT = negates the move Example: if Euro price is rising, but POT is falling, tells us fewer people are interested in a rising price, which should develop a reversal Confirmation for entry = RISING POT (falling POT means slower speed, means fewer people) Most important times to use the POT: Entry: confirm the move with RISING POT Exit: Get out of a trade w/ falling (RED) POT, MACD Curls Momentum Curl EXIT: stay in the trade if the POT is consistent With Membership - Charts ($150/mo) - Market Data ($150/mo) Savings $300usd/mo 12 mos = $3600usd per year This course pays for itself in 12 months! Pace of Tape = Advanced Course Only Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

(5 Of 5) Trade Management , Fit Your Needs

Thu, 18 Feb 2010 11:22:01 -0600

Before we move forward, lets recall where we left off in the first 4 videos of this 5-part series 1. 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion 2. The Emotions Behind Trade Management More Targets, Fewer Stops = long term profits 3. Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day 4. 2 Different Approaches Mechanical & Discretionary Trade Management And the 5th & Final Video of this Series on Trade Management is. Trade Management for Different Traders Every trader is different Scalpers, Intra-Day Traders, Swing & Position Traders Those different types of traders have different goals for their trading and they have different account sizes as well. You cannot expect consistently positive results if you apply the WRONG style to the WRONG trader. The easiest way to identify the trade management style that is right for YOU and youre trading goals and resources, you need to identify WHO you are and the resources you have available. In todays video we discuss the importance of a CUSTOM TRADE PLAN that will take everything into consideration such as who you are as a trader, the type of trading you do, and the resources you have available. Watch this video to learn the different trade management styles for different traders If you missed the first four (4) videos in this series on trade management, here they are Trade Management Videos: TM Video 1, TM Video 2, TM Video3, TM Video 4 Review Our Trades From Yesterday! Visit Our Home Page For Trading Courses

20 Ticks Today How to get back in your Trading Routine

Wed, 17 Feb 2010 16:57:22 -0600

After missing last Friday & this Tuesday for the long weekend, we had the distinct challenge of getting back in the rhythm of the markets in order to profit this week from our trading. We always have trouble getting back into the swing of things when we go away from the markets for a few days, so here is what we focus on: Embrace your daily routine: our minds and bodies love routine, it makes us confident and comfortable with our actions. The sooner we get back into our routine the better Focus on the rules and the best patterns, rather than your Profit & Loss Statement: its easy to get emotionally-charged when you go back into the markets b/c your mind tells you we need to make up for lost profits, however, we need to avoid allowing those emotions to play into this by following our rules Dont try to do too much: its more important to wait patiently for the very best opportunities to get into a trade then to FORCE the trade b/c you feel like you have missed previous opportunities b/c you were aware from the markets. Again, the most important aspect of getting back into the rhythm of the markets is to get back to where you left off. Focus on your routine and get confident again in what you are doing. It wont take long, but it takes the correct approach. We had a challenging day today b/c we had 2:00pm EST FOMC Meeting Minutes, which meant we KNEW that price would be a little slow today. As always, we follow our routine, we plan our trades and we trade our plan! 3 trades today, 2 winners (its all about managing losses!) TOTAL = 20 ticks or $200usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Click Here To See How We Set-Up Our Workspace TODAYS TRADE ROOM QUESTIONS: Time & Sales Window: -Yes, the larger orders are split up into smaller batches oFiltered Time & Sales shows those small batches -We watch the Filtered Time & Sales Window to identify when those smaller batches hit the market -Wait for large buyers (long) or large sellers (short) -If we dont see anything, we wait for the next pattern How do we manage the News? -Wait 5 mins before, 5-mins after -Exception: US Market OPEN 15-minutes before, 5-mins after If your levels dont match JJs -Re-load historical data -My DocumentsNinjaTrader 6.5templates oDelete the line file for the specific market in question Dynamic Indicator: -Trigger Lines: always changing with price changes Static Indicator: -Prev High of Day: Does not change with current price Delay in Webinar: -No wireless connections -Sometimes its better to use a separate computer than your trading computer (bogged down) -As a member, you have your own charts, market data, indicators, 100% trained on how to use them. Trade Confirmation comes in 3 different forms: -Positive: we see buyers to get long -Negative: we buyers, and avoid a short -No-Confirmation: we dont see anything at all, so we wait -Dont forget the rest of the rules! Momentum, 6-ticks, slope trigger line, etc 11:00am EST Look for Lunch: -Price action will slow down oSlow Pace of Tape (RED < 100) -Sideways Markets oFlat Trigger Lines oAll of them were the SAME price level (big concern) -Big Money Leaves the Market oFewer large orders on FILTERED T& S oLarge orders are our confirmation! So we need them! 11:30am EST always brings more volume, so we wait for it 10:30-11:30am EST = sometimes gets VERY slow (dead zone) www.SpeedTest.net and test your download speed, that will have an impact on how fast you can download the charts, data, and the movement in price Medium Timeframes = additional layers of risk -Show more aggressive traders what risky trades look like -Clearly define a LOW RISK trade to a new trader Always make sure you CPU clock is set to EST, so your charts will follow that clock Time & Sales Window Flickers: -Video Card trying to keep up with the new information, new price data In a slow day like today, what is our profit goals? -Goals = do not lose money -Goals = make money -Goal = wait for the BEST patterns oThis is tough b/c the VOLUME is low RED Pace of Tape oLOW VOLUME = less consistency in our results Consistency comes with consistent volume Click here for a complete list of rules, plus catch up on the quizzes. Click here for more information about our courses at our homepage. Check out our daily lessons on youtube

(4 Of 5) Trade Management

Tue, 16 Feb 2010 12:41:17 -0600

In todays video (4 of 5) we discuss the differences between a mechanical and discretionary trade management style. Before we go into detailslets recall where we left off Video #1: 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion Video #2: The Emotions behind Trade Management More Targets, Fewer Stops = long term profits Video #3:Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day Watch the 4th video to see how and when we use these different management styles. Dont miss the FINAL video in this seriescoming soonAdjusting Trade Management for different types of traders. Click here for a complete list of rules, plus catch up on the quizzes. Click here for more information about our courses at our homepage. Check out our daily lessons on youtube

(3 Of 5) Trade Management

Fri, 12 Feb 2010 11:40:25 -0600

In todays video we discuss the specifics of our Method of Trade Management Lets recall what weve covered so far In the first video, we discussed the 3 phases of the move: Initial Interest / Noise Follow-Thru Exhaustion With a better understanding of HOW the market moves, our second video discussed the emotional response to our trading, which allowed us to turn our emotions into an ASSET, rather than a liability. We defined our goals for our trade management as Hit more profit targets b/c that builds confidence and contributes to move winning decisions Hit less stops b/c this steals that confidence away from you Never let a winner trade turn into a losing trade Be in a position to capitalize on the BIG moves of the day! With this new knowledge, our 3rd video in this 5-part series covers our method trade management from development to execution. Watch this video on our Trade Management Method Dont miss our next video in this 5-part series, we will go into more detail on the different ways to manage a trade; Mechanically & Discretionary Sometimes the market doesnt do what we want it toand for those times we must know what to do if something goes wrongso dont miss the NEXT VIDEO coming next week! Click here for a complete list of rules, plus catch up on the quizzes. Click here for more information about our courses at our homepage. Check out our daily lessons on youtube

Nightly Newsletter, Trade Room Questions

Thu, 11 Feb 2010 16:04:40 -0600

Today was one of those days that reminded us why we love being traders. Monday, Tuesday Wednesday this week were very challenging, and we were frustrated by the lack of movement and the inconsistency in the price action as the market digested some very important information from Congress & the Fed this week. Today, however, was a different story, and days like today remind us why we patiently trade through days like we saw earlier this week, but we KNOW that days like today will soon return. Today was marked by frequent patterns, and our rules lined up very frequently. We took 6 trades today on Euro, Crude Oil & Gold Futures With the exception of the Gold trade @ 911am EST, we didnt see much more than a little bit of movement against us today, so the day was pretty easy. One thing we spoke about today in the room was that having TIGHT stops allow us to make it through the hard times so we can be in a positive MENTAL position to trade again when the market gets better for us. Today was a good example of how keeping the tough times to a minimum and maximizing the good times is the secret to longevity in this industry. 6 trades today, 6 winners Review Our Trades From Yesterday! See Our Market Commentary For The Last 7 Months Save on Cost of Membership by answering these Trading Quizzes! TODAYS TRADE ROOM QUESTIONS: Where can I find todays news? http://schooloftrade.com/news Pace of Tape Indicator: - Fast timeframe - Short term sentiment indicator o Tells us where the BIAS isup or down o Is the market looking up or down? - Compare the current speed w/ the previous speed: o Decreasing: negates the move o Increasing: confirms the move How many markets? - Universal Patterns (work on ANY liquid market) - Gold, Crude Oil, Euro, Russell, Pound, DAX, ES - Any timeframe, Any chart (5-min, 55tick, 1000Vol) - Range Charts = patterns look better, identifies a slow and sluggish market b/c it wont move w/out range - 3 monitors (2 will be ok)(high-resolution video cards) Charts Jammed? Ctrl+Shift+Esc How much capital do we need? - Not Securities traders, so we DO NOT need 25k - 1 contract minimum (welcome small accounts) - $500/contract (CL $1000) - 3 CONTRACTS = $1500 ($2000) - 4 CL = $4,000 ($5,000)USD Schooloftrade.com/news - Nightly Video - News Headlines from the prev day - Tomorrows News Events upcoming Trade Management: - 4 Contracts traded - 6-tick stop o ATM = move my stop for me automatically  Video: Set up your Workspace o NOT using a trailing stop (except for the 1st target) - 3 targets o 4/8/Runner o Quick target = lock in profit  Move stop to entry +1 (make $)  Eliminates Risk  Guarantees I will NOT be a loser on this trade - Easiest Way to prepare for your entries: - Slow down - Fewer charts - Only 1 market - Watch for 1 pattern - Dont try to watch too much - Only takes a split second to miss the move - Entry Rules are cleared - Know where your TRAP entry is o Worse case o Best case - Wait for your trigger/confirmation Trap Entry: - Entry technique for our members - We do not GIVE it away here in the room - Identifies the Best and Worst Case scenario - Uses limit orders (buy/sell stops) to enter the trades o Do NOT use market orders  Too sloppy  They force into the market, which may be at a bad price (beware) 100% Automation coming out w/ NT 7.0 TradeStation = best for developers, swing traders Day Traders need faster execution, more stable platform RJ Obrien way too expensive (margins, fees, poor execution) IB = requires to connect to their connection first, then the charts connection (too many variables to go wrong) IB has too high margins and way to expenses We GIVE you the charts, market data, indicators, templates Grow your account? 1 contract at a time, add that new contract to the closest target TrendLines = way too inconsistent, areas of CONCERN, so I dont trade around them, I avoid them  Dont have range charts? - Look at other options, range charts should be standard - Tick Charts are a decent substitute, but they wont be the same - We give you the charfts and data w/ membership o Includes range charts, etc 2 very important Mentors: Father Time Hard Work Has your method changed? YES! - Markets change every day - The only thing CONSTANT is CHANGE - Fundamentals are the same o FEAR AND GREED o Patterns o Use of indicators  Changes: stops/target  Specific markets, how we manage the trades  Size stops, size of our account - Whats the best way to endure the test of time? o Understand why price moves the way it does? Tape Reading Daily Goal: can be the WORST thing you have in your mind Set your goal low = 5 ticks, 15ticks, 30 ticks - 2 losses and im out (market is not in my favor) - 100t/ 4 contracts = move to a simulator I dont trust indicators that require a math calculation: - Why? People will find ways to use them incorrectly - Then I cant count on the other traders having the same levels as I do o Self-fulfilling prophesy Example: High of Day Everyone has the same No calculation No volume needed Its the HIGHEST price today, bottom line. The MOST people are watching those levels Review Our Trades From Yesterday! See Our Market Commentary For The Last 7 Months Save on Cost of Membership by answering these Trading Quizzes!

Market Commentary

Wed, 10 Feb 2010 16:48:52 -0600

We had another challenging day in the markets today! Once againwe knew today was going to be a tough day, heres why Not much news today Ben Bernanke testimony @ 10:00am est BIG Snow Storm on the East Coast, fewer people in the markets This was a good start, but we saw even MORE information from the markets when we opened our charts.. Red Pace of Tape Indicators across the board Flat Trigger Lines All timeframes were flat: Slow, Medium & Fast Lack of BIG MONEY in the market (filtered time & sales window) So the end results We knew ahead of time that today might be very slow, but when we opened our charts, we quickly saw more feedback from the markets which solidified our concerns. Only 4 trades today, very difficult market environment b/c we had lots of patterns, but our rules never really lined up 100%, so we fell short of entry on most of themwatching the market move without the BIG MONEY, which we need to justify our entries. 4 trades today, 1 loss, 2 scratches, 1 winner TODAYS TOTAL = 17 ticks or $170usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! FREE 3-WEEK TRIAL! TODAYS TRADE ROOM QUESTIONS: Look for this RED FLAG @ OPEN: - Flat trigger lines - Red pace of tape indicator - All the Trigger Lines are the SAME level o Look @ Gold today @ 830am est Where can I find more info on the patterns? Rules? - Beginners Course will be a great start - Advanced Course has it all, 100% of everything AGS, Corn, Wheat, Soybeans ZC, ZW, ZS CME Short trading hours: 10:30 2:15pm EST (small window) Key: trading breakouts, but identifying FAILED breakouts Tape Reading, Volume, Understanding the reason why price rises and falls. First ½ hour is VERY low volume, and volatile (watch for volume) After first 30mins, tends to trend a little, but watch out for sideways setting in. Beware of LIMIT UP/DOWN: exchange will halt trading if prices rise more than XXX ticks per trading day. Open @ 1000.00 (limit was 100ticks), Limit UP = 1100.0 How many larger buyers/sellers do we need? - Depends on the SPEED o Good speed = 20+ o Slow Speed = 40+ - 6ticks = more speed = more size - Momentum oversold (short) = more speed = more size

(2 of 5) Trade Management, Emotional Response

Wed, 10 Feb 2010 11:05:10 -0600

The Emotions behind Trade Management & how to Conquer Fear & Greed Where did we leave off last time? Our first video covered Understand the 3 Main Phases of the Move Initial Interest (or) Noise Follow-Thru Exhaustion In our 2nd video of this 5-part series we address the Emotions that affect our trade management. The emotional response to your trading does MORE than just make you happy or angry; it changes your perception of the market, and makes it easier, or more difficult to take the trades that are coming in the future. In this 2nd video we take a look at the EMOTIONAL RESPONSE to your trading, and how it affects our overall trade management structure. More profit targets means you will be more likely to keep winning Hitting stops means you are less likely to keep winning Watch this video on Emotional Response to your trading to find out WHY this happen! Once we know how & why our minds react to the different results we get as traders. Keep an eye out for the NEXT video.Our Trade Management Method itself, and how it will take different forms for different times in the markets we trade. If you missed the first video of this series.here is the link And dont forget our previous video series on the 3 Steps to Your Trading Success

Market Commentary

Tue, 09 Feb 2010 15:48:38 -0600

Today was a great example of how sometimes we need to take our money and get out of the market before we give it all back! We started today with a breaker/2-step combination that made us 21 ticks on the breaker and 14 ticks on the 2-step reversal, so we were off to a great start! We then padded the account with winners on Gold, Crude Oil and Euro Futures. Then the market started to fall apart 10:30 am est came, Obama took the stage, Budget meetings started in Washington, and all of a sudden we started losing water from all directions! Flat trigger lines Slow Price action, red pace of tape VERY slow follow-through on moves in the market We saw this begin to happen, and we knew that we may see our morning come to a close VERY soon, but we were still open to taking tradesthat didnt last too much longer. With a bunch of WINNERS in our pocket, we were confident in our entries, and then we saw 2 of the last 3 trades we took came out as losses, and we knew we had to do something to avoid giving more money back to the market. Remember, the EASIEST way to avoid loss is to STOP TRADING, and we did exactly that @ 11am est when we took our 2nd loss for the morning. So we saw some losses, and that was what it took to get us sitting on hands, and headed for our 1130am est FREE webinar in the live trade room! 10 total trades today, most of the winners were BEFORE 10:30am ESTlook out for that tomorrow so you dont give back that money like we did today! TODAYS TOTAL = 63 TICKS (WAS 87 TICKS) $630USD Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Previous Days SOT Video from YouTube: Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes! FREE 3-WEEK TRIAL! TODAYS TRADE ROOM QUESTIONS: JJ@SchoolOfTrade.com Where can I find todays news? http://schooloftrade.com/news BROKERS & Margins (Sales@SchoolOfTrade.com) Crude Oil = $1,000usd / contract Gold = $500usd / contract How long should your cpu be running? - We used to think it was better to run it all the time, but those days are over - Save Energy, Save Video Cards, Save Monitors, and turn your cpu OFF overnight. - When you re-connect you will still have the data, it will go back and search for the data. - Set your chart properties to 12am start & stop - Set your PC Clock for EST, re-start NT for it to apply to your charts. 1-Contract Trading: - Each week we do FREE Webinars, and 1-contract is always one of the most popular - Specific chapter in the Advanced Course on 1c trading - Specific rules for 1c traders, risk/reward, trade management, etc, etc - All the rules for every market, any lot size, to include 1 c - Risk/Reward = 1:1 is VITAL for a 1c trader Computer Requirements: - Check with your software provider for the min requirements (NinjaTrader.com) - Spend money on RAM, Processor, Video Card (High Resolution) - Most of everything you can! RAM, fastest processor - Most new out-of-box cpus are trader-ready - I dont find the need for a special trading computer What are the best times to trade? - Best times = HIGH VOLUME times o US Morning Session is best (highest volume) o US Afternoon Session (200-400) (lower volume)  Look for YELLOW & GREEN Pace of Tape  Look for SLOPE of TRIGGER LINES  Look for large buyers/sellers on tape o Markets only close for 1 hour each day o Look for best time with volume o Use Pace of Tape to identify these times easily o Trade when you see the BIG MONEY enter the market NYMEX Exchange (Not CME) - Gold (GC) - Crude Oil (CL) CME = Currencies: 6E, 6B, etc (820) How do we execute our orders? Secret Weapon Trap Entry Trading the Euro-Session (3am-1130am EST) - We trade the 3am-530am est (most volume) - Key is at the open, is there good volume - Look for Green Pace of Tape - Look for Higher Highs/Lows (moving market) Crude Oil Times on NYMEX: Pit = 900-230 ELECTRONIC SESSION = 23 HOURS A DAY 515-600EST How many days of data do I use? - Fastest = 1 day - Fast = 5-7 days - Slow = 90+ days

Market Commentary

Mon, 08 Feb 2010 16:17:49 -0600

2 Losses, 2 Winners & Charts Crashed! Just another MONDAY! Once in a while we have a tough day in the markets we trade, and today was the the worse case scenario. We started off with a VERY slow and choppy market today. Crude Oil had all the same trigger lines across all timeframes, so we knew it was going to be slow until they separated a little. We also noticed everything had fewer large buyers/sellers and RED Pace of Tape Indicator, so we also knew that the market was seeing VERY slow price action to start the week. Could it be Monday? Could it be the Super Bowl? What could the issue be that is holding up the price action? We didnt know exactly, but we dont NEED to know WHY, just need to know HOW to trade it. So we had to use patience to wait for the market to give us something to work with. To make matters worse, JJs charts froze @ 935am EST just moments before we got started in the US Session, and thats when we knew it.. Its MONDAY.AHHH! So on top of a very slow and choppy market we had charts jam and freeze on us, which added another obstacle to overcomepatience to get them working again. Just like any other professional, we traders need to be aware of HOW and WHEN to use our tools properly. Just like a General Contractor needs to know how to use his/her tools correctly, so does a trader, and todays trade room was a great example of that. Its hard enough to trade in todays choppy market, but with a technology issue as well, it really tests our control over our emotions. We learned a valuable lesson today when our charts froze: 1.Know your limitations. Is your computer going to crash if you push the limits? 2.Back-up your info. Save your workspace and any other materials on a SEPARATE folder outside of NT to make 200% certain that it cant be corrupted or lost if NT crashes or corrupts. 3.Know your Brokers direct phone number for the trade desk. Who would you call if you were in a trade? 4.Close out NT and re-open your charts, slowly, without making the issue worse 5.When you re-load, repair your database first 6.Load charts and BEFORE you begin trading, go through your ROUTINE 7.DONT SKIP YOUR ROUTINE, you need to get back into the rhythm of the market that you lost when your charts crashed. So, we opened the day with slow choppy markets, so we waitedand then charts locked up and closed on us, so we had to re-load them, get back into our routine, and then keep our emotions from getting the best of us while we worked at getting some profits out of the markets today. We took 4 trades: 2 winners, 2 losses, and we ended up in the GREEN! TOTALS = +8 TICKS, $80USD

Managing The Trade, Part 1 Video Series

Mon, 08 Feb 2010 13:19:56 -0600

Lets recap where we left off so far In our last series we learned about the 3 Steps To Trading Success Identify Important S/R Levels & Look for Patterns Use our Entry Rules to Identify the patterns with the highest probability of success Look for our technical indicators to Confirm the move and give us confidence to enter the trade In the next video series were going to show how to manage this trade to maximize your profits and minimize your risk, as well as many other important aspects of trade management that you may not be aware of. Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well. In this video series you will learn: The 3 main phases of the move in the market, and how understanding these will show immediate benefit to the traders Profit & Loss Statement. The Emotions behind Trade Management & how to Conquer Fear & Greed The simple & effective method we use to manage our trades across different markets such as Commodities, E-Minis and Currencies 2 Different Types of Management: Discretionary & Mechanical Adjusting Trade Management for Different Types of Traders, Timeframes, and objectives Lets get started with our first topic. 3 Main Phases of the Move Before you learn how to manage the trade, you need to know how and why the markets are moving in the first place, as well as the different phases each move goes through as it develops. Each market has its own unique personality, but within that personality are the basic building blocks of each move, which are Initial Interest (or) Noise Follow-Thru Exhaustion With the knowledge of these 3 Phases of the Move you can now begin to plan your trade management to capitalize on these phases with the proper placement of stops & profit targets. Keep an eye out for the next video in this series The Emotions behind Trade Management & how to Conquer Fear & Greed See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

Secrets For Success

Fri, 05 Feb 2010 14:22:30 -0600

Step #3: Look for Confirmation of the Move Before we wrap up the 3 Steps to our Trading Success, Lets recall for a moment, our first 2 steps Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Step #2 we use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Step #3 is to look for CONFIRMATION OF THE MOVE to give us confidence to enter this trade! What does confirmation look like? Increasing Speed of Tape, Pace of Tape Indicator Large Buyers/Sellers on the Time & Sales Window Bullish/Bearish Price Patterns on Fast Timeframe Follow-Thru above the Swing-High, or Below the Swing-Low Momentum Curls in your direction Medium/Slow Timeframes; 6 ticks Slope of the Trigger Line Does not take more than 5 minutes to trigger What does NO Confirmation look like? Decreasing Pace of Tape Small orders on the tape Flat Price action, indecision on the charts Momentum curls against you Medium/Slow timeframes re-calculate; 6ticks Trigger Line flattens, nobody has control Doesnt move, stalls, takes; 5mins Lets wrap it all together Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Step #2 we use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Step #3 is to look for CONFIRMATION OF THE MOVE to give us confidence to enter this trade! Whats next? Keep an eye out next week for another video series, which will cover Trade Management! Now that you know HOW to TAKE the tradenow you need to know what to do when you are IN THE TRADE! Our trade management strategies are PROVEN & Time-Tested to be easy to use in the heat of the moment in the markets, and we have both Mechanical and discretionary components to ensure you are able to manage trades in ANY MARKET CONDITION. You dont want to miss our next videos series, it will complete this process of learning to day trade the futures markets with a process as simple as 123!

59 Ticks Today! Read the Future by Identifying the Market Correctly

Wed, 03 Feb 2010 16:48:45 -0600

SchoolofTrade.com Daily Commentary 02-03-10 One of the easiest ways to improve your trading is to understand HOW to IDENTIFY the market each day BEFORE you begin trading. The process of IDENTIFYING the important aspects of the market each day begins with looking and listening to what the market is trying to tell us! We open our charts, and before we begin calling trades, we have to prepare What does the market look like today? oTrending vs. Sideways? oHigh vs. Low Volume? oBig vs. Small Money What type of Events do we have today? oNews events today oPolitical Speakers today oBig Events today What do we have the rest of the week? oImportant event tonight? oImportant event tomorrow? oThe rest of the week? oHoliday this week? As you can see, there is a LOT to look at in order to feel confident that we know where everything is. Once you review these possible variables in the market, we can then ADJUST to what we SEE ahead of us. If we have low volumewe know what to do. No trendwe know what to do Lots of news eventswe know what to do No Big Money yet? We know what to do! If getting off on the right foot each day has been a problem, and it usually is for new traders ( take me for example) this is something we work on EVERY DAY in our live trade room! Come join us tomorrow and learn how to properly identify the day ahead. Know WHO, WHAT, WHERE, WHEN, and WHY for all the markets we trade. Being prepared for the day is like having a good breakfast. If you miss it, you will regret it very soon! We took 5 trades today, had to stay patient to make sure we had everything line up for us, but @ 11am est price action gave us what we needed! 4 trades, 4 winners, and another great day in the live trade room! TODAYS TOTAL = 59 TICKS, $590USD Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here For Step 1 Of Our 3 Part Series Trading Re-Cap Videos Available! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

SchoolofTrade.com Daily Commentary 02-02-10

Tue, 02 Feb 2010 16:53:17 -0600

We had a lot to be concerned with when we open the live trade room @ 745am EST.. Non-Farm Payrolls this FridayBIG news event coming this week Secretary Geitner Speaking today & tomorrow Beginning of the month, possible indecision in the market As expected, these outside influences made the market very slow, sluggish, and indecisive. Having a hard time deciding where it wanted to go, we had to wait for it all to line up. So what did we see? 90% of our rules line upbut not 100% No follow-through, the trades we took didnt go very far Early end to the morning, price action didnt move very much for very long So we knew what to expect, and it certainly happened as expected. On days like today, the key is patience. We have to wait for the best trading opportunities. On days like today its more important than ever b/c if we break our rules and trade against them, we may not have a chance to make many trades today, so recovering from a potential LOSS is going to be harder b/c the volume on days like today makes it hard to see a lot of opportunities. Patience is keybut what are we looking for? High-Percentage patterns according to our rules, and nothing else. Its easy on days like today to get anxious to trade, an itchy trigger finger but we need to remember that what makes us successful on HIGH volume days, is the SAME strategy we need to execute on LOW volume days. We can change the way we trade as the market changes. Stay focused on the long run, and follow those rules. Our rules are used to identify a market that is in a positive earning position. Without the rules, we would be left trading with emotion, and we ALL know how that story endswith the trader BROKE and penniless! Follow those rules, we provide them to all of our members! We took 5 trades today. 2 of them were scratch trades, and todays total was TOTAL TODAY: 26 ticks, $270usd Only 4 contracts needed to achieve this today! See you tomorrow @ 745am EST for the live trade room session! Click Here For Step 1 Of Our 3 Part Series Trading Re-Cap Videos Available! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

3 Steps To Success, Step 2 Identify Patterns

Tue, 02 Feb 2010 11:40:43 -0600

Step #2: Entry Rules Identify the Highest-Percentage Patterns Lets recall for a moment, our first step Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Once we see those important patterns show up around those important price levels, we have to look at Step #2... Now we much use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Before we can do that, we must be aware of what those rules are! Our Advanced Members receive a full, detailed copy of our entry rules, but for live trading, we use a shorter version, which we call the CHEAT SHEET, and there is a copy of these rules posted on our blog for your reference. Lets go over these rules 1 by 1 for each pattern set-up so you can get familiar with them Its important that you are awarethese rules are listed in order of importance, so the first on the list is checked first, and the bottom is checked last Wave Set-Up: Breakout Above/Below Trigger Line HH/LL Perfect Pattern 6-8 Ticks Medium & Slow Trigger Slope Momentum (check this last) Speed of Tape (POT) (check this last) oD/Q: Time/Price/POT The Wave Set-up is a trend-continuation pattern that works best on trending markets. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows as well as a steep slope to our Trigger Line for entry. Beware taking Wave Set-Ups in low volume, or sideways markets, as it has a tendency to reverse direction. Breaker Set-Up: Breakout Above/Below Swing-High/Low Perfect Pattern 6-8 Ticks Medium & Slow Trigger Slope Momentum(check this last) Speed of Tape (POT) (check this last) oD/Q: Time/Price/POT The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR. Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market. 2-Step Set-Up: Short-Term Trend @ Extremes 6-8 Ticks Medium & Slow Momentum(check this last) Speed of Tape (POT) (check this last) oD/Q: Time/Price/POT The 2-Step Set-up is a counter-trend pattern that works best on Sideways markets. This entry pattern looks to capitalize on a choppy market, look for Swing-Highs & Swing-Lows marked with our SWING INDICATOR to identify your entry. Dont forget!! You need to see FOLLOW-THRU to confirm your entry. Beware taking 2-Step Set-Ups without identifying the Short term Trend, because this pattern should be taken against the trend, looking for a reversal in price action. Lets Recap Step #1 is to let our AUTO-LEVELS indicator find the most important levels of support/resistance. Once we find those important levels, we then wait for simple patterns to develop around those levels, such as the Wave, Breaker, and 2-Step as weve discussed in earlier videos in this series. With those patterns now developing, we check our detailed and specific entry rules (Step #2) to identify the pattern as either being HIGH or LOW probability. If the trade does NOT meet our entry rules criteria, we will avoid the trade, and potentially look for that trade in the opposite direction using our 2-Step Counter-trend reversal entry pattern. If the trade DOES meet our entry rules criteria, I will then move to Step #3.Look for Confirmation so we can enter the trade with confidence. In our next video we will discuss Step #3, which is the final part of this process, which is to look for the confirmation of the move, and enter the trade. Keep an eye out for video #3 of this series later this week! Click Here For Step 1 Of Our 3 Part Series Trading Re-Cap Videos Available! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

Market Commentary 2-1-10

Tue, 02 Feb 2010 10:21:37 -0600

We opened the live trade room today and had a few concerns on our mind.. We ended January with a HUGE profit, so we didnt want to trade too aggressively This was the first day of the month This is a Monday We had Treasury Secretary Geithner speaking @ 1030am EST We had President Obama speaking at 11am EST Knowing all of this, we had to be in the right MINDSET to be able to.. Not get emotionally-charged when we started Wait for the best patterns Wait for the market to have enough VOLUME Wait for the BIG MONEY to enter the market after being on break for the weekend Like most Mondays, people are slow to get into their trading desk. There hasnt been much overnight trading besides the Asian & European open, so there isnt much feedback to read from the market yet. One of the most important aspects of day trading is confidence, and this is the confidence to WAIT this morning for exactly what we KNOW we want to see. Volume Green Pace of Tape Higher-Highs, Lower-Lows Bug Buyers/Sellers These aspects showed up just before 1100am est, and b/c we had the confidence in our patience to wait for the best patterns, we were in a great POSITIVE MINDSET to conquer the market in any form today. We still didnt see very good price action, but our patience was able to allow us to wait for the times in the market that presented the most potential for profits.

Quiz Time, Be The First To Answer

Mon, 01 Feb 2010 13:16:45 -0600

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3 Steps to your Trading Success

Fri, 29 Jan 2010 12:55:09 -0600

The markets can be VERY chaotic for a new trader, and theres no wonder why Lots of different markets to trade o E-Mini: ES, YM, TF, NQ o Currencies: Euro, Pound, Yen o Commodities: Gold, Crude Oil, Corn, Wheat o Fixed Income: Bonds & Notes Different timeframes to trade o Scalper on a fast timeframe o Day Trader on a medium timeframe o Position trader on a slower timeframe Different levels of support & resistance o HOD/LOD o OPEN/CLOSE o Moving Averages o Pivots o Fibonaccis o The list goes on Different Times to trade: o Breakouts o Failed breakouts o Buy Pullbacks o Sell Retracements o At the Open (or) At the Close o During News events (or) after news events o US Session, Euro Session, Asian Sessionwhich is best? With all of this to learnhow does the SchoolOfTrade.com make this learning process so simple? Its as easy as 123 Step #1: Identify the Patterns Set-Ups at IMPORTANT PRICE LEVELS Finding the Price Levels: Price levels are located for us automatically using our proprietary indicators, such as the AUTO-LEVELS Indicator, which makes these levels VERY easy to locate. Assuming we have our levels properly identified with our indicator, we then watch for these simple patterns AROUND these levels. Watch for these 3 simple PRICE PATTERNS: Wave Pattern Set-up Trend-Continuation Pattern Watch for the Trigger-Line to make new Highs/Lows to take trade. 80% Winning Ratio The Wave Set-up is a trend-continuation pattern that works best on trending markets. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows as well as a steep slope to our Trigger Line for entry. Beware taking Wave Set-Ups in low volume, or sideways markets, as it has a tendency to reverse direction. Breaker Pattern Set-Up: Trend-Continuation Pattern Watch for the Swing Indicator to mark our Swing-High/Low levels for entry 85% Winning Ratio The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR. Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market. 2-Step Pattern Set-Up: Counter-Trend Pattern Watch for the Swing Indicator to mark our Swing-High/Low levels for entry Profits taken slightly tighter b/c of Counter-trend pattern 75% Winning Ratio The 2-Step Set-up is a counter-trend pattern that works best on Sideways markets. This entry pattern looks to capitalize on a choppy market, look for Swing-Highs & Swing-Lows marked with our SWING INDICATOR to identify your entry. Dont forget!! You need to see FOLLOW-THRU to confirm your entry. Beware taking 2-Step Set-Ups without identifying the Short term Trend, because this pattern should be taken against the trend, looking for a reversal in price action. Watch out for our next emailwhere we will cover the ENTRY RULES, the 2nd important step to your trading success. See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

SchoolofTrade.com Daily Commentary 01-28-10

Fri, 29 Jan 2010 11:46:19 -0600

SchoolofTrade.com Daily Commentary 01-28-10 Today was a challenging day in the markets, well, it started out that way, but it soon got pretty easy once the day began to develop. We opened the charts @ 745am EST and noticed the following: Red Pace of Tape Indicator, slow price action Wide Trading Ranges: High ATR Reading Steep Slopes to our Trigger Lines, market was moving Momentum was very choppy, back and forth, shows indecision in the market So with slow price action, but wide ranges and confused momentum, the market was pretty off-balance and we had to wait a little to let the traders decide which direction they wanted to trade with. While we were waiting for some consistency we watched as our patterns set up, but with no consistency in momentum, it was difficult to have confidence entering a trade in the early part of the morning. This changed eventually, but we had to wait until after 930am EST to really begin seeing a market we could trade confidently. Once the Natural Gas Inventories came and went @ 1030am EST, it was all downhill from there. We saw only small winners until 1030am EST, and then we started seeing some BIG runners that really added to our bottom line today. 8 total trades, 8 winners, another day filled with winners! See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See All Of Our Previous Trades Save on Cost of Membership by answering these Trading Quizzes!

Market Commentary 1-27-10

Thu, 28 Jan 2010 10:05:06 -0600

SchoolofTrade.com Daily Commentary 01-27-10 FOMC DAY! Today was FOMC Day, which is the day in which the Federal Reserve announces if they will be changing interest rates for the United States. This type of news event is a MAJOR event that literally determines the entire day of trading activity. FOMC days are always on Wednesdays, and they are always characterized by the following: Slow start to the morning Small window of good volume and price action Morning session ends early, much like a Friday The market tends to flutter to the up-side in anticipation of the announcement Lunch time lasts until 215pm EST The announcement is released @ 215pm EST or a few minutes thereafter The market goes CRAZY for 5 minutes The market decides on a general direction 230pm EST through 400pm EST is high volume, very volatile On days like FOMC day, we have to be careful. We know we need to get into the market early today b/c it wasnt going to last very long. We also had to use patience to wait for the announcement to be released. This can be tough, b/c the market loves to make head fakes and try to get us to jump into the market on lower volume, but we must stay focused on trading AFTER the 215pm announcement is made. Once the announcement is made, we STILL need to wait and see if the market will get into any real form or trend as it finishes the days trading. All too often we make money in the morning, and then we cant resist the price action moving so fast post-announcement and we give most of the profits back! A wise trader knows what he/she does not, so stick to the sidelines on days like today, and know WHEN to be trading, and WHAT to look for to enter in this challenging environment.

Market Commentary 1-26-10

Wed, 27 Jan 2010 10:04:45 -0600

SchoolofTrade.com Daily Commentary 01-26-10 Another great day of trading in our LIVE TRADE ROOM! Today was Tuesday, and we had a big day trading yesterday, so we knew we had some room to breathe for the week, but we didnt want to get sloppy and make a mistake. We opened the room @ 745am EST and we saw Red Pace of Tape Indicator 3 of 4 markets trading at their opens/closes Flat Trigger Lines across all timeframes This told us very quickly that we had to wait for the price action to gain some speed and momentum, and wait we did. Our first potential set-up of the day was one of the most common we see across all the markets we trade.. As price falls, we look for a BREAKER SHORT PATTERN, and then once that pattern is exhausted we see a REVERSAL 2-STEP LONG PATTERN. This combination of trend-continuation and then immediately into the trend-reversal is one of the easiest ways to get off to a GREAT start in the day!

Market Commentary 1-25-10

Tue, 26 Jan 2010 10:24:04 -0600

SchoolofTrade.com Daily Commentary 01-25-10 We opened our week today with another profitable day trading futures! Today was Monday, we expected it to take a little longer to get moving this morning, just like everything on a Monday, we wait for people to get into work and get started for the week! So we had to be patientbut not for long... We saw Gold & Crude Oil Futures moving the most today, so we watched them closely and made a total of 6 trades, including 1 loss: 945 +20ticks 1047 Scratch 1145 +19ticks So we made a good amount of money before 1030am est, gave back a little bit of it on a small loss, and then were able to focus on the very best opportunities and made back a good amount of that small loss. TOTAL = 83 TICKS $830USD.only 4 contracts! At the end of the day we made a bunch of points, and we were very satisfied with these results, especially since we took that loss, and losses often times results in less confident trading, which can be difficult on a Monday. Our mission was to get started on the right foot this week. Missionaccomplished. See you tomorrow @ 745am EST for the live trade room session! Review Our Trades From Yesterday! See Our Market Commentary For The Last 7 Months Save on Cost of Membership by answering these Trading Quizzes!

Market Commentary 1-22-10

Mon, 25 Jan 2010 15:39:52 -0600

SchoolofTrade.com Daily Commentary 01-22-10 What an amazing week in the live trade room! Another week filled with winners & PROFITS! We had a few moments this week that were tough.. We had to get passed the Martin Luther King Holiday on Monday On Tuesday we started the day with a LOSS, and had to overcome our emotions to avoid getting any deeper in the holewe certainly didand ended Tuesday with $500! Wednesday and Thursday were HUGE! Lots of price movement, green pace of tape indicator, and both our guests and members ALL made extraordinary gains in their trade accounts! Today, Friday, we had to be careful Fridays are always a mixed bag of expectations. Heres why o We want to finish up our week on a strong note o We dont want to give back any hard-earned profits o We have to be aware the day will end early, as people leave early for the weekend o We need to follow our rules explicitly to make sure we dont make any careless mistakes. Today was even more potentially dangerous b/c it was a Friday without any major news events, so we didnt have the catalyst we look for to get prices moving! So with a Friday w/out any major news, we had to stay patient. We started off trading Gold (GC) Futures: 901: +21ticks 1006 +12ticks 1007 +10ticks 1012 +20ticks 1022 +4 ticks We were on a roll! Everything was going perfectly until we started looking at Crude Oil (CL) futures around 11:00am EST. At 1100am est I made a comment tobe careful trading after 11am est on a Friday! Sure enough, the next 2 trades we took were small losses or scratches. 1101 -20ticksOuch! 1104 +0ticksscratch. So, as you can see, we made great money in the early morning, but as expected, and as ANNOUNCED LIVE IN THE TRADE ROOM, price action becomes VERY unpredictable after 11am est on a Friday. Next time, I will listen to my own advice and head to the gold course @ 1100am est, rather than the market! Review Our Trades From Yesterday! Check Out Our Trade History On Scribd

Market Commentary 1-20-10

Thu, 21 Jan 2010 11:44:56 -0600

We made over $1000 today in the live trade room on only 4 contracts. We took our first trade of the day on the Gold, and honestly, we jumped the gun a little. Yes, we are all human, and sometimes we make mistakes. The pattern looked perfect, we had lots of support from the BIG buyers, but we didnt have enough Pace of the Tape, which is why we decided to cut the trade early for a small loss. Once we got into the trade, I noticed right away that we made a mistake Red Pace of Tape, and it was DECREASING Momentum Curled over from being OVER-BOUGHT (oh no!) and pointed down against our position Once we saw that, we knew we made a mistake, and had to aggressively get out of the position, which meant moving my stop from 6-ticks below my entry up to my initial point of entry, costing us a few ticks of valuable profits. Heres a Good Rule of Thumb AGGRESSIVE ENTRIES REQUIRE AGGRESSIVE EXITS. You simply cannot have one without the other. This first trade on Gold was an excellent example of thatin order to be able to confidently enter an aggressive trade, I must first identify confidence in using my EXIT rules to cut the trade early if I dont make the right trading decision. Sure enough, after this minor mistake, we settled down, focused on our mechanical rules, and stuck to following them 100%. Losses are a part of trading, its how we HANDLE those losses is the difference between going home in the RED or the GREEN $ 1,007.50 4 Contracts 855 GC 2-STEP LONG @ 1124.0; -1(4) = -4TICKS (-$40) 1004 TF SHORT @ 37.6; 4(2)/8/5= +21TICKS 1017 GC 2-STEP SHORT @ 1116.O; 4(2)/8/1 = +17T 1104 GOLD SHORT @ 1110.4; 4(1)/1(2) = +10TICKS 1119 GOLD H/R BREAKER LONG @ 1111.2; 4(2)/1(2) +10TICKS 4 CONTRACTS NEEDED! STARTED OUR DAY WITH A LOSS!! See you in the trade room tomorrow @ 745am EST! Previous Days SOT Video from YouTube: Review Our Trades From Yesterday! Visit Our Home Page For More Information On All Of Our Trade Packages.

Market Commentary 1-19-09

Wed, 20 Jan 2010 13:28:59 -0600

SchoolofTrade.com Daily Commentary 01-19-10 Another GREAT day in the LIVE TRADE ROOM! The day started off with a very slow and sluggish marketit looked like a Tuesday, but it FELT like a Monday! Remember, we didnt have any action on Monday (yesterday) b/c of the MLK Holiday, so we were eager to get back into trading today, and we sure got our opportunities! Once again, patience pays off when you focus on following rules, avoiding the trades that DO NOT fit the rules, and taking the trades that DO fit them exactly. One VERY important thing that was missing from today was a term we call Follow-Through which means that the patterns are setting up, AND the traders push those moves more than 10 ticks. We DID NOT see any follow through until after 1000am EST today We had to wait for the market to give us something to work for, and around 10:30am EST we got the price action we needed: - Green Pace of Tape Indicator - Lots of Large Buyers/Sellers - Plenty of Room to let the trade run - Momentum on our side When these all lined up, the trades came quite quickly, and we took the following trades with confidence! - 1029 CL BREAKER SHORT @ 77.77; 4(2)/1(2)=+10TICKS - 1117 6E BREAKER SHORT @ 4266; 4(2)/8/5 = +21TICKS (263) Total for the day = $503.00 A great total for a challenging day today! Review Our Trades From Yesterday! Take Our Quizzes And Win Great Prizes

Market Commentary 1-18-10

Tue, 19 Jan 2010 13:42:27 -0600

Market Commentary 1-18-10 Today was Martin Luther King Jr. Holiday here in the United States, which meant Bond & equity Markets were closed or closed early today. Whenever you have a day with a Holiday, you will typically see less-than-desirable trading volume and will want to use EXTRA caution. Most professional traders will opt for the GOLF CLUBS rather than the trading charts on a Holiday, but we chose to use this time productively for our members today, and did some education and lots of training. One of the most important aspects of any traders skills is the morning routine. Our morning routine is intended to do a few things: Physically Prepare us for the day ahead (wake us up!) Identify the News events for the day ahead o Set our alarm clock to budget our time wisely around those news events Identify the market as either High/Low Volume, Sideways or trending Identify the most important levels of support and resistance o We use our SLOW timeframes for the MAJOR levels of S/R Adjust our trading style to fit todays market environment Mentally prepare for the day ahead o Think like a trader o Review notes from Yesterday o Review your trading rules so they are FRESH in your mind Today was a Holiday, so we spent the majority of the morning talking about this ROUTINE, and the many different things we look for during this time. Once we had our routine completed we talked about our high-percentage trade set-ups: Wave: Trend-Continuation Pattern, 85% win ratio Breaker: Trend-Continuation Pattern, 80% win ratio 2-Step: Trend-Reversal Pattern, 75% win ratio After reviewing the details of these set-up patterns we saw a few examples in the markets (which werent moving too well today due to the Holiday) and took as many questions needed from our Members & Guests. We then went into our Webinar, which is normally ONLY on Tuesday and Thursdays, but todays Holiday meant we wanted to offer some more opportunity to LEARN today (since there wasnt much market to watch), and this was on Growing Your Account from 1-Contract to 100 Contracts! This is always one of my FAVORITE webinars, 1 contract trading and growing your trade account, mostly because we have ALL been there before. Almost every long term success story with our members BEGINS with 1-contract and the goal of building that account by aggressively searching for conservative, high-percentage set-ups. Most guests are always a bit surprised when they see the details of this webinar, in fact, many traders disagree with how we structure 1-contract account growth, but when they SEE what the REASONS are behind it, it all starts to make sense Focus on Consistency & Building Confidence.not buying the new Ferrari! No Trade Management, 1 target, 1 stop loss 1:1 Risk Reward Ratio Plan on Making Mistakes! Focus on adding 1 new contract every 4-6 weeks Focused on consistency in your results at each level of your trading. If you missed this webinar on Growing your account from 1 to 100 contracts, be sure to join the FREE 3-WEEK TRIAL and attend our trade room where you will be able to see the NEXT webinar in real timeyou wont be disappointed!

Quiz of Day! & Raffle

Mon, 18 Jan 2010 20:48:29 -0600

MORE INFO ON OUR NEW INDICATOR!! MORE INFO ON OUR TRADE SIGNAL ROOM JOIN OUR LIVE TRADE SIGNAL ROOM.FREE 3 WEEKS! Nightly Newsletter, Jan. 18th 2010 HERES HOW TO JOIN AS A MEMBER! MORE INFO ON OUR 3-WEEK FREE TRIAL! REGISTER HERE FOR A 3-WEEK FREE TRIAL! Quote of the Day Life's not always fair. Sometimes you can get a splinter even sliding down a rainbow. HERES HOW TO JOIN AS A MEMBER! Economic News to Watch Tomorrow Tuesday, January 19th, 2010 Economic 09:00 BoC Rate Decision, Nov Net Long-Term TIC Flows (last $20.7B), Nov Total Net TIC Flows (last -$13.9B) 13:00 Jan NAHB Housing Market Index (last 16) Todays Headlines 8:30:01 AM *(US) INITIAL JOBLESS CLAIMS: 444K V 437KE; CONTINUING CLAIMS: 4.596M V 4.750ME - Prior Initial Claims revised from 434K to 433K - Prior Continuing Claims revised from 4.802M to 4.807M - 4 week average for claims at 441K v 450K prior (lowestest since mid 2008) 1:00:08 AM (IT) Italy Nov Total Trade Balance: -790M v -500Me; Trade Balance EU: -760M v -750Me - Prior Total Trade Balance revised from -710M to -727M - Prior EU Trade Balance revised from -825M to -841M 3:00:30 AM (GE) German Bundesbank Monthly Report: Recovery in German economy expected to have contiunued in Q4; Outlook for exports improving - Recovery in economy remains fundamentally intact - Expansion in Q4 expected to be slower than in Q3 - Foreign sales seen as holding up through Q4 2:33:29 AM Analysts at Credit Suisse initiate European Airlines sector Overweight - British Airways, EasyJet, Iberia, Ryanair rated new Outperform - Lufthansa, AirBerlin rated new Neutral - AirFrance rated new Underperform 2:58:37 AM (FR) French Fin Min: FY10 GDP forecast at 1.4% v 0.75% prior ***Reminder: On Jan 15 - France Fin Min Lagarde: French growth accelerated in Q4; guides 2010 inflation at 1.2% 3:55:01 AM Standard Life: UK AAA credit rating is "extremely vulnerable"; Current mix of economic and political factors seen as 'toxic' **Note similar comments made on Dec 15th - Moodys said the UK is running out of time in its battle to keep AAA sovereign rating - London Independent (Update) - According to Moodys, buyers of gilts were not likely to continue supporting the UK, if a credible plan to retore the UK's public finances to health was not unveiled before the end of next year. HERES HOW TO JOIN AS A MEMBER! Get More Tips From Our YouTube Page Complete List Of What Products We Use Everyday, Shop For What You Need! See Our Trades For The Last 6 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking

Market Commentary 1-15-10

Mon, 18 Jan 2010 12:41:44 -0600

SchoolofTrade.com Daily Commentary 01-15-10 We didnt really know what to expect on Friday, except for some slightly lower volume due to the Holiday coming on Monday, however, any concern over what the day looked like was answered soon after we opened our charts. What we saw was an example of what most new traders MISS when they begin their trading daythe market was SCREAMING at us its intentions, and we were able to interpret those intentions based on a few simple technical indicators. Heres what we saw @ 745am EST: Most markets were sitting on their previous close levels Most markets were trading in a narrow trading range Very little LARGE orders on the Time & Sales Window Our Pace of Tape ® indicator was all VERY low and RED When we see days like these we know one thing is for certain.BEWARE. When the markets open and sit on their previous close level that alerts us that there is very LITTLE conviction in the market as to whether we will go UP or DOWN. Think of it this way The SELLERS tried to move it DOWNnobody there. The BUYERS tried to push it back UP.nobody there either So price sits there, flat, on the close of the previous day. In addition to sitting on its close, we saw a very narrow trading range, which gave us a heads up that even if we DID see anything worth trading today, the potential for profit would be less b/c the market simply wasnt moving with any range. We also noticed there were NO big money traders in the market b/c the FILTERED time & sales window was almost empty across the boardwhere WAS everyone? And lastlythe Pace of Tape was RED, and VERY low time to grab the GOLF CLUBS! Days like today come around at least 2-3 times a month, and when they do, they threaten to TAKE BACK all the money we worked so hard for throughout the week. Did you see these vital signs of the market? Did you miss what the market was telling you? If so, be sure to come join us on Monday, and well show you EXACTLY what to look for next time! Review Our Trades From Yesterday! See All Of Our Recent Trades And Take Our Quizzes

Market Commentary 1-14-09

Fri, 15 Jan 2010 16:13:51 -0600

SchoolofTrade.com Daily Commentary 01-14-10 We finally got into a rhythm this morning on a day filled with important news events and political figures speaking. With the ECB Interest Rate Decision @ 745am EST, Jobless Claims Report @ 830am EST, and Natural Gas Inventories @ 1030 we had lots of activity to be watching, and the day went very well. We new when we opened the trade room we were looking for volume to pick up after 830s Jobless Claims report, and it did, and we were able to make some money BEFORE 930am, which is always a good sign of things to come! One of the best learning opportunities came when we took our 2nd trade on Crude Oil Futures. We entered the market using our specific trading rules, which means we made the correct decision to enter the market. Sometimes however, the market doesnt agree, and in this case, the market sat on our entry and didnt go anywhere. At that point we had waited for 5 seconds to see if the buyers would help us out, but they were nowhere to be found, so we followed our rules once again and exited the trade for a scratch trade, no profit, no loss. Trades like that happen ALL THE TIME and we are very successful in preventing losses b/c we know what to look for when we EXIT the trade, and we did so with confidence, and that is the difference between NO LOSS and a SMALL LOSS. Last day of trading for the week is tomorrow, dont miss it! 905 CL BREAKER LONG @ 79.50; 5(2)/3(2) = +16TICKS 906 CL RE-ENTRY LONG @ 79.57; EARLY EXIT SCRATCH 1100 CL 79.19 2-STEP SHORT; 4(2)/8/10 = +26TICKS 1128 CL BREAKER LONG @ 79.44; 4(2)/2(2) = +12TICKS TOTAL = 54TICKS ($540) 4 CONTRACTS Previous Days SOT Video from YouTube Review Our Trades From Yesterday! Check Out All Of Our Trading Courses We Offer Today

1-13-10 Market Commentary

Thu, 14 Jan 2010 15:23:30 -0600

SchoolofTrade.com Daily Commentary 01-13-10 When we opened our trade room today we quickly saw a VERY different market environment that we saw Monday and Tuesday this week. We had good volume, the market was moving, but we were still missing somethingfollow-through. Follow-through is a term used to describe the process of confirming the move in the market. For example, we see a pattern develop on the Gold futures Market, the volume is good, lots of interest in the market at that area, but the momentum doesnt confirm, so we have to wait. Its important on days like today that we remember we need to use 100% of our rules, and when we try to cut corners in our trading, the markets have a very efficient way of telling us we made a mistake, causing us to lose money, and more importantly, confidence. Remember, the highest % trades are the ones we want, which means that our rules need to be 100% satisfied. Anything less means you are playing with the potential of a reversal b/c its NOT a high-percentage trading opportunity. We still made money today, even with 1 loss! 907 CL = +18T 1011 CL = -19T 1024 GC = +8T 1048 GC = +10T TOTAL = 17T ($170)

Secrets to Success

Sun, 10 Jan 2010 22:34:50 -0600

Our 5th video completes our Discipline Cycle, and the cycle returns 360-degrees to its beginning Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries In Video #4 Video we develop a sense of Patience in our trading, which allows us to wait for the very best opportunities to present themselves in the market In this 5th video lets wrap up the Discipline Cycle: More video series to come in 2010! Happy Holidays to All! Do you have a suggestion for another video series? E-Mail JJ@SchoolOfTrade.com! Hope it helpsStick to those Rules! (Dont forget! Last day of Trading in 2009 is Dec 11th we Re-Open January 11th @ 745am EST!) FREE 3-WEEK TRIAL! JOIN THE LIVE TRADE ROOMHERES HOW! TRADING VIDEOS on our YOUTUBE PAGE!

Secrets For Success

Fri, 11 Dec 2009 11:40:50 -0600

Our 5th video completes our Discipline Cycle, and the cycle returns 360-degrees to its beginning Where did we leave off last time? In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules. In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well. In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries In Video #4 Video we develop a sense of Patience in our trading, which allows us to wait for the very best opportunities to present themselves in the market In this 5th video lets wrap up the Discipline Cycle: More video series to come in 2010! Happy Holidays to All! Do you have a suggestion for another video series? E-Mail JJ@SchoolOfTrade.com! Hope it helpsStick to those Rules! (Dont forget! Last day of Trading in 2009 is Dec 11th we Re-Open January 11th @ 745am EST!) FREE 3-WEEK TRIAL! JOIN THE LIVE TRADE ROOMHERES HOW! TRADING VIDEOS on our YOUTUBE PAGE!

Secrets For Success

Wed, 09 Dec 2009 13:38:59 -0600

Secrets For Success

Mon, 07 Dec 2009 14:09:27 -0600

Our 3rd video of this 5-video series we talk more about the 5 evolutionary stages to our Discipline Cycle.

Secrets For Success

Thu, 03 Dec 2009 13:52:56 -0600

In this 2nd video of this 5-video series, we talk about the 2nd Phase of the Discipline Cycle, which is Consistency. Lets first recall where we left off on our Last Video We Listened to My (JJs) story of HOW and WHY he created the Discipline Cycle We Learn what the Discipline Cycle is and how it works We learned the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well. Now that weve found discipline in our trading, we begin to see some consistency in our trading. If you follow your mechanical rules with discipline, things will begin to take form Remember, this may not be profitable consistency yet, but this consistency will give you the SAME patterns, the SAME entries, and the SAME feedback from the market each trade you take, which will produce valuable Consistency in your trading, which will enable you to continue to grow with this cycle In this 2nd Phase of the Discipline Cycle we lay the foundation for Consistency in your trading, so make sure you watch this video, and stay tuned for the rest of this 5-video series, which will teach us more about the EVOLUTION of a Trader through the Discipline Cycle! Keep an eye out for the 3rd Video of this seriesyour Profit & Loss Statement will THANK YOU! Stick to those Rules! See you in the Live Trade Room tomorrow @ 745am EST Joseph James FREE 3-WEEK TRIAL! JOIN THE LIVE TRADE ROOMHERES HOW! Subscribe To Our VIDEOS on our YOUTUBE PAGE! Take our Quizzes And Win A Course Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Tue, 01 Dec 2009 14:58:37 -0600

Discipline Cycle, 5 Part Series Your Emotions can be an asset or a liability to your trading; I think we all agree on that. Out of ALL the things we worry about in the trade room each day, the most important is within ourselves! Our emotions a deadly to our trading if we cant keep them under control. Created in 2003, the Discipline Cycle is the by-product of Joseph James attempts to find an easy way to change the emotional impact on his trading. Every trader goes through an evolution of learning and growing as a trader, and this Discipline Cycle defines that EVOLUTIONARY PROCESS that all traders must go through to achieve long term and consistent success as a day trader. In this first video of this 5-part series you will Listen Josephs story of HOW and WHY he created the Discipline Cycle Learn what the Discipline Cycle is and how it works Be introduced to the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well. Oh.wait!!!!!! If youre thinking to yourself right now.why do I need Discipline? YOU are the trader this video series is designed for! Watch this seriesyour PnL statement will THANK YOU! If you Missed Out On Any Of The Trade Management Videos Click here Click Here To Grab Your Free News Reminder Indicator Take This Quiz For A Chance To Win A Free Course See Our Trades For The Last 6 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Tue, 24 Nov 2009 14:21:36 -0600

Why Are We Better Than The Rest?

Wed, 18 Nov 2009 12:43:37 -0600

How To Make The Most Out Of The School Of Trade First of all, let me start off by saying, thank you for putting your confidence in the School of Trade! As your personal day trading teacher, there are numerous ways to benefit from your membership with the School of Trade, whether youre a part of our beginners course or an advanced member. Before doing anything else, here are some simple steps to get started with the School of trade today! First, make sure you visit our HomePage and join our newsletter for daily trading updates (bottom right hand corner of website) as well as register for a free trial, by simply clicking on the Free Trial link at the top of our homepage! To start, lets cover the vast range of benefits you will gain access to as a

Secrets For Success

Tue, 17 Nov 2009 14:07:54 -0600

Trade Management For Different Traders In todays video (5 of 5) we discuss how each trader is different. Before we move forward, lets recall where we left off in the first 4 videos of this 5-part series Video #1: 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion Video #2: The Emotions behind Trade Management More Targets, Fewer Stops = long term profits Video #3:Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day Video #4: Two Different Approaches The Differences Between Mechanical And Discretionary Trade Management And the 5th & Final Video of this Series on Trade Management is. Trade Management for Different Traders Every trader is different Scalpers, Intra-Day Traders, Swing & Position Traders Those different types of traders have different goals for their trading and they have different account sizes as well. You cannot expect consistently positive results if you apply the WRONG style to the WRONG trader. The easiest way to identify the trade management style that is right for YOU and youre trading goals and resources, you need to identify WHO you are and the resources you have available. In todays video we discuss the importance of a CUSTOM TRADE PLAN that will take everything into consideration such as who you are as a trader, the type of trading you do, and the resources you have available. Watch this video to learn the different trade management styles for different traders Dont forget! We will be closed this Friday b/c we will be in Las Vegas for the Traders Expo, so come see us in Sin City! Click Here To Grab Your Free News Reminder Indicator Complete List Of What Products We Use Everyday, Shop For What You Need! See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Thu, 12 Nov 2009 15:02:47 -0600

Managing The Trade In todays video (4 of 5) we discuss the differences between a mechanical and discretionary trade management style. Before we go into detailslets recall where we left off Video #1: 3 Phases of the MOVE Noise, Follow-Thru, Exhaustion Video #2: The Emotions behind Trade Management More Targets, Fewer Stops = long term profits Video #3:Basics of our Management Method Quick targets, eliminate risk, position to capitalize on the big moves of the day Watch the 4th video to see how and when we use these different management styles Dont miss the FINAL video in this seriescoming soonAdjusting Trade Management for different types of traders. Dont forget, if you missed the first 3 videos, you can find them here: Video 1 Video 2 Video 3 Click Here To Grab Your Free News Reminder Indicator Complete List Of What Products We Use Everyday, Shop For What You Need! See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Tue, 10 Nov 2009 12:56:00 -0600

Managing The Trade Lets recap where we left off so far In our last series we learned about the 3 Steps to Trading Success Identify Important S/R Levels & Look for Patterns Use our Entry Rules to Identify the patterns with the highest probability of success Look for our technical indicators to Confirm the move and give us confidence to enter the trade In the next video series were going to show how to manage this trade to maximize your profits and minimize your risk, as well as many other important aspects of trade management that you may not be aware of. Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well.

Secrets For Success

Fri, 06 Nov 2009 13:44:05 -0600

Managing The Trade Lets recap where we left off so far In our last series we learned about the 3 Steps To Trading Success Identify Important S/R Levels & Look for Patterns Use our Entry Rules to Identify the patterns with the highest probability of success Look for our technical indicators to Confirm the move and give us confidence to enter the trade In the next video series were going to show how to

Secrets For Success

Wed, 04 Nov 2009 15:01:38 -0600

Managing The Trade Video Series #3: Managing the Trade Lets recap where we left off so far In our last series we learned about the 3 Steps to Trading Success Identify Important S/R Levels & Look for Patterns Use our Entry Rules to Identify the patterns with the highest probability of success Look for our technical indicators to Confirm the move and give us confidence to enter the trade In the next video series were going to show how to manage this trade to maximize your profits and minimize your risk, as well as many other important aspects of trade management that you may not be aware of. Trade Management is one of the most under-valued aspects of your trading, it deals with more than simply stops and targets, and we use very simple & proven techniques to manage not only our trades, but our emotions as well. In this video series you will learn: The 3 main phases of the move in the market, and how understanding these will show immediate benefit to the traders Profit & Loss Statement. The Emotions behind Trade Management & how to Conquer Fear & Greed The simple & effective method we use to manage our trades across different markets such as Commodities, E-Minis and Currencies 2 Different Types of Management: Discretionary & Mechanical Adjusting Trade Management for Different Types of Traders, Timeframes, and objectives Lets get started with our first topic. 3 Main Phases of the Move Before you learn how to manage the trade, you need to know how and why the markets are moving in the first place, as well as the different phases each move goes through as it develops. Each market has its own unique personality, but within that personality are the basic building blocks of each move, which are Initial Interest (or) Noise Follow-Thru Exhaustion

Secrets For Success

Mon, 02 Nov 2009 12:28:55 -0600

Look For Confirmation Of The Move Step #3: Look for Confirmation of the Move Before we wrap up the 3 Steps to our Trading Success, Lets recall for a moment, our first 2 steps Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Step #2 we use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Step #3 is to look for CONFIRMATION OF THE MOVE to give us confidence to enter this trade! What does confirmation look like? Click Here To See Full Size Image Increasing Speed of Tape, Pace of Tape Indicator Large Buyers/Sellers on the Time & Sales Window Bullish/Bearish Price Patterns on Fast Timeframe Follow-Thru above the Swing-High, or Below the Swing-Low Momentum Curls in your direction Medium/Slow Timeframes > 6 ticks Slope of the Trigger Line Does not take more than 5 minutes to trigger What does NO Confirmation look like?

Secrets For Success

Fri, 30 Oct 2009 12:44:14 -0500

Secrets For Success

Wed, 28 Oct 2009 14:15:30 -0500

Use These Entry Rules To Qualify Trades Step #2: Entry Rules Identify the Highest-Percentage Patterns Lets recall for a moment, our first step Step #1 was to use our AUTO-LEVELS Indicator to locate the very best levels to use, and then look for simple price patterns such as the Wave, 2-Step, and Breaker to enter the trade. Once we see those important patterns show up around those important price levels, we have to look at Step #2... Now we much use our ENTRY RULES to identify these patterns as either HIGH or LOW probability in order to make sure we are taking only the very best trading opportunities. Before we can do that, we must be aware of what those rules are! Our Advanced Members receive a full, detailed copy of our entry rules, but for live trading, we use a shorter version, which we call the CHEAT SHEET, and there is a copy of these rules posted on our blog for your reference.

Secrets For Success

Tue, 27 Oct 2009 14:01:27 -0500

Must Identify Price Patterns First The markets can be VERY chaotic for a new trader, and theres no wonder why Many different markets to trade E-Mini: ES, YM, TF, NQ Currencies: Euro, Pound, Yen Commodities: Gold, Crude Oil, Corn, Wheat Fixed Income: Bonds & Notes Different timeframes to trade Scalper on a fast timeframe Day Trader on a medium timeframe Position trader on a slower timeframe Different levels of support & resistance HOD/LOD OPEN/CLOSE Moving Averages Pivots Fibonacci The list goes on Different Times to trade: Breakouts Failed breakouts Buy Pullbacks Sell Retracements At the Open (or) At the Close During News events (or) after news events US Session, Euro Session, Asian Sessionwhich is best? With all of this to learnhow does the SchoolOfTrade.com make this learning process so simple? Its as easy as 123 Step #1: Identify the Patterns Set-Ups at IMPORTANT PRICE LEVELS Finding the Price Levels: Price levels are located for us automatically using our proprietary indicators, such as the AUTO-LEVELS Indicator, which makes these levels VERY easy to locate. Assuming we have our levels properly identified with our indicator, we then watch for these simple patterns AROUND these levels. Watch for these 3 simple PRICE PATTERNS: Wave Pattern Set-up Trend-Continuation Pattern Watch for the Swing Indicator to mark our Swing-High/Low levels for entry 85% Winning Ratio The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR. Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market. 2-Step Pattern Set-Up:

Secrets For Success

Thu, 22 Oct 2009 13:06:41 -0500

2 Step Set-Up First, Its important that we break these into 2 main categories: Trend-Continuation Perfect for trending markets, high volume, price making higher-highs & lower-lows Wave Set-Up Breaker Set-Up Counter-Trend Perfect for choppy, sideways markets with low volume, double-tops & double-bottoms 2-Step Set-up Lets get to know the 2 Step shall we? Scroll down to review the Breaker and Wave Set-Ups. The 2-Step Set-up is a counter-trend pattern that works best on Sideways markets. This entry pattern looks to capitalize on a choppy market, look for Swing-Highs & Swing-Lows marked with our SWING INDICATOR to identify your entry. Dont forget!! You need to see FOLLOW-THRU to confirm your entry. Beware taking 2-Step Set-Ups without identifying the Short term Trend, because this pattern should be taken against the trend, looking for a reversal in price action. Remember, we teach over 10 different set-ups in our Advanced Materials, but these are the 3 highest-probability and consistent patterns we see every day in the markets we trade. Live Webinar Today 4:30pm EST (1:30pm PST) Grab Your Seat Now Get More Tips From Our YouTube Page Complete List Of What Products We Use Everyday, Shop For What You Need! See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Wed, 21 Oct 2009 13:11:45 -0500

The Wave Set-Up The Wave Set-up is a trend-continuation pattern that works best on trending markets. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows as well as a steep slope to our Trigger Line for entry. Beware taking Wave Set-Ups in low volume, or sideways markets, as it has a tendency to reverse direction. Trend-Continuation Pattern Watch for the Trigger-Line to make new Highs/Lows to take trade 80% Winning Ratio Remember, we teach over 10 different set-ups in our Advanced Materials, but these are the 3 highest-probability and consistent patterns we see every day in the markets we trade. Complete List Of What Products We Use Everyday, Shop For What You Need! Learn More About Our Trading Methodology From Our YouTube Page See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking

Secrets For Success

Tue, 20 Oct 2009 15:31:41 -0500

The Breaker Set-Up The Breaker Set-up is a trend-continuation pattern that works best on Sideways & Trending Conditions. This entry pattern looks to capitalize on a moving market, look for Swing-Highs & Swing-Lows around the major levels of Support & Resistance which are market for you automatically using our AUTO-LEVELS INDICATOR. Beware taking Breaker Set-Ups in the CHOP ZONE & around low volume times in the market. Trend-Continuation Pattern Watch for the Swing Indicator to mark our Swing-High/Low levels for entry 85% Winning Ratio

SchoolOfTrade's Secret For Success

Fri, 16 Oct 2009 11:10:45 -0500

Learn How WE Read The Tape Market participants leave their footprintstelling us where theyve been, and giving us clues as to the direction theyre headed in the future What is it? Tape Reading is the study of raw price action as it comes across your time & sales window, and is considered by most to be the purest form of the market. The term tape comes from ticker tape; print out by the ticker tape machines available since 1870s which reports the latest trade/bid/ask update information. How its used: Predict short term price changes by examining price and volume information as it comes across the ticker tape. Most effectively used at potential turning points in the market to gauge overall market sentiment and help determine the future direction of price. Traders use this to see confirmation of a potential trade set-up, or a heads-up that a set-up should be avoided. Also used as an indicator of when momentum has dried up, signaling a trader to take profits or to limit his/her risk on a position. Benefit to the trader: Filter out the highest percentage set-ups Confidence in your entries Know when to exit a trade Maximize profits on each trade Limit the risk on each trade What to watch: Speed of the orders Size of the orders Order Condition Learning to read the tape is a vital part to becoming a successful trader in the long term, and understanding how to learn this skill can be difficult if you dont know what to look for. Click Here For A Better Understanding Of The Ticker Tape Get More Tips, Including How We Read The Tape Everyday, From Our YouTube Page Got Away With A Euro Trade Today, Click Here For Facts About The Euro Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking FreeWebSubmission.com

SchoolOfTrade's Secret For Success

Fri, 16 Oct 2009 10:26:23 -0500

First, Know What You Are Looking For Find a pivot point A pivot point is nothing more than a specific price level for the market you are trading, and we will use this price point as a reference. The most common pivot points for this would be the open, high or low of day, and previous close levels. We use these specific levels in the market to watch how price action reacts in and around these areas. If we see that price action shows bullish patterns around the high of day, that will tell us we should expect to see the market try to rally through the highs of the day. In other words, this tells us the overall market sentiment at these levels. Reaction to Price Moves Successful traders always trade the reaction, rather than the move, and reading the tape allows them to really tune-into what really drives these moves. For example, if price is trading in a specific sideways trading range and then breaks out of this to the up-side, the experienced trader knows to stay away from getting involved on the initial move up, but rather pays close attention to how the tape reacts to this move. Using simple price patterns at these extremes, the trader can get a better feel for the sentiment in the market, and make educated trading decisions based on this reaction to the increase in price. Conviction in the market Are buyers met with equal amount of sellers? Are the sellers having a hard time keeping up with the buy orders? Is price forcefully moving through levels of support or resistance? Is price flirting with support and resistance levels, only to be swatted back and forth like a paper napkin? Price patterns on the tape solidify conviction in the market and give the trader more confidence getting involved with the current short-term trend. On the opposite side, conviction on the tape can also give the trader an indication that the current move has ended, and they need to be prepared to see a potential reversal Second, use simple patterns to identify these opportunities As traders we use predictable and dependable patterns on the tape to make educated trading decisions. These patterns are easy to see on your time & sales window if you know what to look for. Use these simple patterns to develop your skills: Pattern #1: The Lift-Off! Identify This Pattern Live In The Trade Room Characterized by a breakout of range-bound price action, this move up is quick, and on increasing volume, followed by a small pullback down, only to be taken up again by increased momentum on the buy-side. In this example, you could use this pattern as confirmation for a LONG entry in the market, or as an indication that you should be covering a short position. Pattern #2: Got-Ya! Click Here To See These Patterns Live Characterized by a sharp move out of its trading range, usually on low volume by small retail traders in the market, and is met with great resistance from larger-sized traders who quickly take advantage of this opportunity to get into the market at a great price, and the retail traders pay the premium on it. In this example, this pattern shows little confirmation, which is an easy give-away for traders to stay away from the up-side b/c the buyers didnt bring enough conviction to the market and the sellers are ready to make them pay. Dont get fooled into a long position on this, wait for the conviction to show you where to go, and in this example, you would want to short this jump up in price once you see the sellers take control. Pattern #3: Confusion Join The Live Trade Room Today The most common pattern we see, this pattern shows no concrete direction, no conviction, and no volume in any given direction. Traders who can see this pattern know to wait for more conviction in the price action as to where the market is headed. In this example, the experienced trader waits patiently to see a pattern develop, knowing that this lack of conviction in the market increases the risk on a potential trade exponentially. If you cant see a pattern on the tape its most likely the confusion pattern, and in any case, you need to avoid it Be on the lookout for my next news post, where we will use this knowledge to make educated trading decisions Click Here For A Better Understanding Of The Ticker Tape Get More Tips, Including How We Read The Tape Everyday, From Our YouTube Page Winning Trade On The Crude, Click Here To See Why Crude Is The Worlds Most Active Commodity See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking

SchoolOfTrade's Secret For Success

Fri, 16 Oct 2009 10:22:11 -0500

Use This Knowledge To Make Educated Trading Decisions Professional traders use the tape to better-understand the overall sentiment in the market participants, and we use that knowledge to make educated trading decisions in our trading. Execute with Confidence: Reading the tape increases your confidence to pull the trigger on your trades by giving you the ability to know what the other traders are thinking. Wish you had the ability to speak with the other traders in the pit? You do when you read the tape! Know when to hold em, and when to foldem: Know when to exit your position, or when to let it run using the information you gather from reading the tape. Using specific pivot points as a reference, you will better understand what other traders are thinking as price moves in your direction, and you can use this information to know whether you need to exit your position or stick around for the ride! Understand your stops and targets: Ever wonder why you got stopped out of a trade? Ever wonder why you get some targets filled and some do not? The answer lies in the tape, and your ability to read and understand it. Using the tape, youll know more about why a trade didnt work out, or why you barely missed a profit target, or even when to move that target closer to price to ensure you get filled. Remember, the markets are anything but random, and price always moves with purpose, its your job to interpret the tape to understand why. Free Webinar Today!! 4:30pm EST, 1:30pm PST Reserve Your Seat Winning Day With The British Pound, Click Here For Facts About The Pound Learn More About Our Trading Methodology From Our YouTube Page See Our Trades For The Last 5 Months. Click Here To See Our Detailed Market Commentary Please read our disclaimer: Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results. Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks. Social Bookmarking