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Day Trading US Dollars to go Lower than 78.0?

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Day Trading US Dollars to go Lower than 78.0?

this move I was looking for since few month, I mention about US Dollar going to last bottoms at 78-76 area. Look like my “M” pattern will be completed sooner or later. What very interesting, as stock market start to correct, US dollar do not increase in value…this is very not good for US economy.

 

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Day Trading US Dollars to go Lower than 78.0?

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Apple Stock Price | Day Trading Stocks Market

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Apple Stock Price | Earning date 24th April 2014

This stock are going in a very small range now. And after to see Apple stock bouncing on 200MA daily, and buyers don’t let sellers support apple stock price under 516.00$ it seems like buyers are quite confident on Apple stock earning date , witch it’s the 24th April 2014. Click On video to watch more about!

 

 

 

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Apple Stock Price | Day Trading Stocks Market

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Day Trading DJIA 21-25 April 2014

Sellers are very strong, and buyers are quite weak. On this video I will use DJIA on daily chart. Why? Very clear direction and targets for next week. And great potential for make some cash!

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Day Trading DJIA 21-25 April 2014

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Chicago- CME Silver traders showing decreasing commitment in futures market.

silver showing weakness next levels Silver trading showing weaknesssilver trading
Silver has been in a very tight consolidated trading zone with a smaller range on the weekly charts. As price breaks below 19.50 we see there are no large buyers entering the market on the Silver futures contract. The volume on silver has also dropped off as institutional traders and large traders have decreased their holdings. Silver has been in distribution since mid 2011.

The next level of support for Silver is 14.80 to  17.50, although this is a wide trading range we can see that the previous price action bounced from this area to start the run up in September 2010 that led to the parabolic move up in 2011.

If silver does break through the resistance at $21.00 the next upside targets will be close to $25.00 . The chop (moving from support to resistance back and forth) has been exhausting for most traders as they are looking for the break out in this extremely tight range.

Silver can be very volatile and since there is light volume be very careful as it is easy to shoot out stops.

Never trade Silver unless you are using purely risk capital.  Silver has many margin calls on positions that aren’t monitored.

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Silver trading showing weakness

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Day Trading Course S&P500

 

Day Trading Course S&P500: Learn how to trade any market. THIS IS THE TIME! SELLERS ARE BACK

 

 

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Day Trading Course S&P500

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Crude Oil has been on a run the last few days.  Following a test of the 50 day MA oil has moved back to the upside on a fantastic run to touch into the 104.00 area.

OilEntryDailyCrude

I took on my long position at 101.50 for a daily / weekly swing trade.   If price moves to break the 104.50 area of resistance then we could be looking at oil moving back to test previous highs set a few months back at the 107 and even 110 areas.

 

Stop is in at a break even position for the moment.  I am watching price as we close the week and move into trading early next week.  With a move up we could see the test of the 107 area, if resistance holds I will likely take out a good portion of the position or even all of it depending on price action.

 

Trade what you see, I’ll see you at the starting line!

Gold trading make or break price action.

Gold Make or Break price patterns 300x259 Gold trading   make or break price actiongold trading 2 Even though there is overall weakness in the stock market which normally has an inverse relation to the gold markets, we are seeing a bearish pattern in the technical charts.

Gold buyers have been very weak in this move up. Although the US and world markets this week have mostly seen a correction. As you can see in this chart of NUGT which very sensitive and volatile compared to gold futures prices, we have created a bear flag. This means the market has sold from $60 to $33 a share then recovered back to 43. We are not seeing any commitment on the buyers side and as you can see the supporting trend line is about to be tested as sellers have moved in and could be taking control again.

On the sell side the targets we are looking for is $33.95 this will be initial support on the move down. It would not be unusual to see it Chop in this area from $33-39 with highs to $43. If support holds here at $398 then we would be looking fro a continuation to $44 and then a further move to $49 which is the 200MA or the 200 day moving average.

There are many outside variables effecting gold pricing. What goes on in the Ukraine this next week could be more of a determinate than the correction in US stocks. We shall see.

Trading Gold, Gold miners in either futures or ETF’s is extremely volatile. Do not trade it unless you have spent time studying the charts and have risk capital. Risk capital is money that if lost will not hurt your financial future. For many people buying and holding physical gold is an easier position as it normally turns out to be a long time hold.

Trade at your own risk level.

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Gold trading – make or break price action

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The S&P sold off again today, to touch to the 1825.00 area of support before closing.   I think tomorrows trading could be a key indicator to see if this move could continue.  If the market can give us a close tomorrow below the 1825.00 area then we could see this continue down to touch the 1800 area next week.

 

I took on my short position last week back at 1879.50, with an original target of 1850.00 on the move.  With the move we saw to that area, I took out a portion of my position at the 1859.00 area to capture a nice 20 points, but left the rest of that position on for the possibility of a continuation further.  That choice seems to be paying nicely with today’s sell off but will tell me more with where we see the market go tomorrow.

S&P500EntryDaily

A great target now is the 1800.00 area of support as that is the level of the long term bullish trend line on a daily and weekly chart.  Should price move to touch that area in the next couple trading days or so then I would look for the bounce there to start a possible reversal and test back up again.

 

If  we break that area of support at the 1800 level then we could be looking at this market perhaps making a longer term reversal going into the summer months.  With May upon us in a few short weeks, this could be the set up for the seasonal summer reversal to take us into the fall trading again.

 

Trade what you see, I’ll see you at the starting line.

New York – Head and Shoulders pattern emerging in the Dow Jones Transports

Dow Jones Transports could roll over on Head and Shoulders 297x300 Head and Shoulders Roll Over Trading a thin market.technical trading patterns Watching as the light volume on the buyer side with the increasing volume on the sellers side is creating a head and shoulders on the Dow Jones Transports. For many the Dow Jones Transports are considered the leader for the S&P500 and Nasdaq. Will be watching for the consolidation to continue at these price levels.

The first area of support was touched this past week with two more areas of support at 7380 and 7250 but breaking through the first level of support could prove difficult. As you can see the uptrend is still in tact in the long term and the market players have not distributed in high enough volume to cause a sell off. If we sell to 1390 this could signal an increase in seller commitment to break through the support.

I am looking for this to chop around in this first area of support and resistance and further establish this Head and shoulders trading pattern. There is a good chance that the market will move up again on light volume. This could create the perfect storm for the sell off.  Especially with some geo political considerations thrown in.

Gold Trading – Gold in the ETF GLD is showing a bear flag.

gold in a bear flag gold trading 300x253 Head and Shoulders Roll Over Trading a thin market.technical trading patterns Gold is creating a Bear Flag on the daily chart. We are looking at the gold ETF GLD.

Gold has it its first area of resistance off the move down from 133.80 to 123 with the retracement back to 127-128 area.  if buyers don’t step up to move this to the 50 % retracement mark at 128.40 then we could see the bear flag execute with a move back to 123.00 which would be a midterm double bottom that would be also violating the uptrend at around 125.20.

Unless Ukraine heats up over this next week I am expecting this to follow the bear pattern to 123.00 and if sellers are in control that break could lead to a sell into the major support at 118.

If the Ukraine does heat up we could see this bounce through to 129.60 and then go for a double top in the midterm and completing the 100% retracement.

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Head and Shoulders Roll Over Trading a thin market.

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Day Trading USD/CAD SHort

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Day trading USD/Cad

DAY Trading USD/CAD

CAD/USD , a nice trade I’m still on. Looking to take some good profits on this one.

After clearly passing the 1st test line, USDCAD are moving to the 2nd test. Witch should not be hard to pass, since is a week one especially with the high volatility we moved down to day.

But how ever, if sellers don’t support price under 1.0940 , I will get out from this trade. if they do…it will be  a home run to the 200MA , witch also my target

 

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Day Trading USD/CAD SHort

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