Add/subscribe

Share/Save/Bookmark

Thursday, March 18, 2010

S&P 500 Emini Day Trading Gap Friday March 19, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2125" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Friday March 19, 2010"][/caption] S&P Emini 500 Futures had quiet day with little change from the prior close.  Friday is know as a quadruple witching day.  That's when stock options, etf options, futures, and futures options expire on the same day.  This infrequent event can cause extreme volatility in stocks, options and futures trading.

S&P 500 day trading course

Forex managed funds dollar strengthens

[caption id="attachment_540" align="alignleft" width="226" caption="Forex trading eurusd 3-18 Managed forex funds"]Forex trading eurusd 3-18 Managed forex funds[/caption] Forex managed funds and day trading room - Inability to close above 1.38 and the European community wavering on any support for Greece is strengthening the dollar as a flight from risk. Downside targets, 1.3580 1.3475-85 1.3340 expecting a retrace to  the 1.3625-35 area then continuation. FX Markets continue to lack conviction and suffer from frivolous risk "on / off" sentiment (unlike equities and commodities, which have taken a clear bullish tone). The EUR and GBP's rally was halted dead in their tracks after the wires cited Greek officials (some reports named other anonymous) stating that he was not hopeful a solid aid proposal would be reached at the March 25-26th EU summit and was prepared to go to the IMF. To make matters worse, the source said that the bad feelings between Greece and Germany had increased, making negotiations difficult. Greek Deputy PM Sachinidis said later lack of support for Greece by EU leaders would have significant consequences for the EUR. These words clearly provided a reality check for the markets that the situation in Greece is far from being resolved (despite continued EU bailout grandstanding). Elsewhere, EU Commission President Barroso said the design of a bailout mechanism for Greece is being developed. And in response to comments from German Finance Minister Schaeuble and Chancellor Merkel, that a member state could be forced out, Greek Prime Minister Papandreou adamantly stated tha [...]

Forex trading - live day trading course and currency trade room.

S&P500 day trading course 15 days up

S&P500 day trading course, rarely seen 15 days up.  The S&P500 emini futures contract has reached a decision point.  We have been in a bullish rally for almost a month with no real retracement in price action.  Seeing 15 green candles in a row is rare. [caption id="attachment_2121" align="alignleft" width="267" caption="S&P500 day trading course daily top 3-18"]S&P500 day trading course daily top 3-18[/caption]

S&P 500 day trading course

Forex Managed Funds / GMT

FXDMG Good Morning/Afternoon/Evening Traders... Today 18/3/2010 was a slow trading day but we were able to scalp out a few 10/15 pip trades. This is the first day that I have published on the "Money Maker Edge" web site and I am just getting my feet wet. Tomorrow (Friday the 19th) I will be off on a trip to Hong Kong and will be back for the opening of the new trading week. I will try to standardize our signals and make postings on a template style for now. I apologize for not getting any charts up for you to look at today, as I don't have the posting system memorized yet, but again will try to have it for this next week. They say a picture is worth a thousand words and the more you see what I see the easier it will be for you to see why I get in and out of trades. I trust that this web site at Money Maker Edge helps with your trading and I encourage you to spend as much time getting to know this market as you are able. It truly can be a blessing and even if you don't want to trade your own account, the information we present will help you understand what is possible if you put your mind to it. The difference between a young person with a new drivers license, and a seasoned truck driver is thousands, hundreds of thousands and even millions of miles. It's just experience. The only magic to trading is the hard work and long hours that we put in. Oh and the losses that go along with learning. The main difference between me and a new comer is that I have had more opportunity to make mistakes and learn from them. My challenge to you is this: Access this web site as often as you are able, to follow what I am posting. They say that two heads are better than one, and sometimes that is true, so anyone that you know who is also interested in what we do, please have them access the postings as well. Hey, they are even delivered free to your twitter account. There is a world [...]

Forex trading - live day trading course and currency trade room.

Forex Managed Funds / 11:40 GMT

FXDMG The 89 line held on the 5 min as it did on the 4 hour chart as well. We seem to be ranging under 1.3690 and above 1.3665 no direction at present. 10 separate news items out in about 50 min (12:30 GMT) All at the same time. Perhaps a market mover, may be wise to hold off until after the release.

Forex trading - live day trading course and currency trade room.

Forex Managed Funds /

FXDMG Mixed signals at the moment. EMA 89 lines across are holding price action between signals. Waiting for a clear directional trade.

Forex trading - live day trading course and currency trade room.

Forex Managed Fund / Possible set up

FXDMG

LSE Hours of Operation

Hours of operation / trading occurs on the London Stock Exchange's in accordance with the schedule appearing on the following table.

LSE Hours of Operation

Trade Reporting 07:15 - 07:50
Opening Auction 07:50 - 08:00
Continuous Trading 08:00 - 16:20
VWAP 16:20 - 16:30
Closing Auction 16:30 - 16:35
Order Maintenance 16:35 - 17:00
Trade Reporting Only 17:00 - 17:15
Note:  UK Time is in the Western European Time Zone (WET), which is the same as Greenwich Mean Time (GMT).   Summer (Daylight-Saving)Time is observed in UK Time, where the time is shifted forward by 1 hour;  1 hours ahead of Greenwich Mean Time (GMT+1).

Forex trading - live day trading course and currency trade room.

FOREX MANAGED FUND / UPSIDE CLEARING

CLEAR BUY eur/usd AT 1.3672

Forex trading - live day trading course and currency trade room.

FOREX MANAGED ACCOUNTS /

FXDMG The past 24 hours has seen the EUR/USD in a down side pattern that started just above 1.3800 the figure, with the current direction slowing down and loosing steam on the 15 min chart MACD.  GBP & CHF tracking properly, it is wise to watch for direction change. This move  has rested or retraced 5 time in the past 24 hours, and is resting at the bottom of the Bollinger Band on the 4 hour. A wise precaution is to watch the news items today as there are several that may move the market. In past days the news didn't have much of a punch but now is not the time to be complacent. KEEP AN EYE ON THE 15 MIN. {Will supply charts next week} FXDMG

Forex trading - live day trading course and currency trade room.

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box