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Wednesday, June 22, 2011

Day trading course ranging

Price ranging between support at 1285.25 and resistance at 1287.50 . The previous top of the channel acting as support for the recent decline. After the long bullish move to 1292.50 and subsequent retraction we've come to some indecision with the price ranging with support at the present on [caption id="attachment_3922" align="alignleft" width="300" caption="Day trading course l 866-640-3737 l Day trading education"]Day trading course l 866-640-3737 l Day trading education[/caption] the 50MA. If support broken potential for price to go to next resistance at 1281.00

S&P 500 day trading course

Tuesday, June 21, 2011

Day trading course SP500 Bullish

The S&P500 day trading course looking at the bullish trend in the  short term. [caption id="attachment_3910" align="alignleft" width="300" caption="Day trading short term bullish trend"]day trading course|learn how to trade|day trader education[/caption] Point of Control is 1278.50 with buyers still in control pre market. We have a short term supporting trend line from 1257 and a longer term resistant trend line forming a ceiling at 1284.  Watch for the break of 1286 for the move up to test on 1300. We are above the 200 MA and could see this retest the 50MA.   If sellers take control of direction on the open and we break under the POC look for a test to 1275, then support and 1269.75 then 1259.75 and 1252. Still watching for an extreme low of 1238.50. I will be training in Montreal this July 9-11 with a one day advanced training on July 12.  The Montreal day trading course will be perfect timing for this fall as we are looking for some volatility to step in.  Join us.  

S&P 500 day trading course

Monday, June 20, 2011

Day Trading Course Resistance & Support

Day trading course l 866 -640-3737 l Day trading education
Day trading course l 866 -640-3737 l Day trading education
Trading the S&P 500 e-mini futures contrct in the S&P 500 day trading live room.
The previous resistance level seems to be the new support level at this time. It is testing this support level for the third time. If the support gives way look for price to head down towards 1255.00, possibly to go through and test the support at 1252.25. If the test of the support level proves to be correct and moves up to pass 1258.50 expect the price to test the top of the channel. The next show of resistance would be 1263.75. If buyers take over price could head up to 1272.25 possibly hitting resistance and continue to head up to test 1277.00 . As Joel says, trade what you see.


S&P 500 day trading course

Wednesday, June 15, 2011

Day trading course pre closing market action

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

[caption id="attachment_3900" align="alignleft" width="300" caption="Day trading course|866-640-3737|Day trading education"]Day trading course|866-640-3737|Day trading education[/caption] In the after hours last night we watched sellers bring this back down to 1277 to 1280 and then a sell off from the news pre market to consolidate at the point of control 1271. From here the buyers could have taken it but did not show enough commitment and left us in a 4 point channel until lunch time when the sellers brought us down to 1257.25 . Our first level of support.   If sellers stay in control here we could see a move to 1252 then 1239-41 for the next major support. Selling pressure is huge, and this is over a 100 point correction from the previous swing high. If the sellers can increase volume looking for a low of 1230's before consolidation (3 day period) then next move. Friday should give us some volatility as the question to sell or hold through the weekend could push us to new lows. To the upside from these levels watch for a move back to the 1268-70 area before 3:30 today and then again we will probably see a start of tomorrow's direction in the London open. Remember, using indicators set you up perfectly to be the bait in the market which institutional traders are searching. We know you use the MACD's the Squeezes, the stochatics and we can see your stops. Learn how to trade like a money maker not a retail investor following the sheep to the slaughter. Join our Calgary or Montreal [...]

S&P 500 day trading course

Tuesday, June 14, 2011

Day trading course|866-640-3737|Day trading education

Day trading course|866-640-3737|Day trading education

Lunch time NYSE looking at the S&P500 emini future's price action. The S&P500 took off this morning from the "good news" of the Market at 8:30 am.  It turns out it is another one of those "it is not as bad as we forecasted" type rallies with a cheer leading session follow up by the FED at 10:30.  Normally this is enough to put the market in a coma but reacting to the not as bad as we thought it was news, the market is putting in its 20 point rally. [caption id="attachment_3892" align="alignleft" width="300" caption="Day trading course|866-640-3737|Day trading education"]Day trading course|866-640-3737|Day trading education[/caption] Point of control was 1274.50 today with the buyers taking off to the 1283.50 resistance.  Price has consolidated here, working on getting committed buyers to step in.  The trend has not yet continued through the previous high at 1288.50 where we are expecting a consolidation zone to 1292.25 Watching for the commitment to be executed to move this market after lunch.  The 200MA in red, is showing the support to keep the direction of the market going after this 100 point correction.  Getting close to the Mid June rally point.  Could be now, but would like to see the higher high to give us a turn on the leg down.

Don't get overly anxious during lunch as the head fakes on this area will take your stops.  The Day trading course we are having in Calgary June 25-27 will cover the settings of the market and how to trade these periods, if it is what you like or works out in your sechedule. [...]

S&P 500 day trading course

Monday, June 13, 2011

Day trading course NY close day trading education.

Day trading education in a live trade room. Watching the NY close for the S&P500 emini futures day trading course. If you want to learn day trading it takes time, patience and the ability to manage your risk so your losses are not more than your winnings. Looking today at the price action after the NY close. [caption id="attachment_3884" align="alignleft" width="300" caption="Day trading course 240 NY close Day trader Education"]Day trading course|Day trader Education[/caption]   The point of control on the 240min chart is 1267.25. Price is in a bearish Wedge with supporting trend line coming in at 1250. This is he first line of support. Sellers grabbed control this AM with a move to first support area 1265 off of short term supporting trend line. Next support is 1260 then 1252.50 Watch these areas as a break through could lead to a sell of to 1228.50  Expecting an extreme low around 1250 and some consolidation. The S&P has been falling on decreasing volume which normally leads to one day of heavy selling then a capitulation in the volume.  Remember we are still in the sell in May and go away stage so all of the Double negative ETF's have been preforming quite well.  Normally we will see a turn in Mid June with Minor consolidation through July.   If this  is the case then watch for the "summer blues" to set in. This is also a great time for you to get some education and practice your techniques.  We have two more training's this summer.  Our Montreal day trading course will be July 9-11.  We will be focusing on risk [...]

S&P 500 day trading course

Friday, June 10, 2011

Day trading course bearish chart.

Day trading course bearish wedge or a descending wedge on the 240 min chart. [caption id="attachment_3869" align="alignleft" width="300" caption="day trading course 240 min"] Day trading course|866-640-3737|Day trading coach[/caption] This move down has quite a few bulls worried as we are about to test a major support. Point of Control is 1276.50 with support at 1270.25 and then a bearish trendline support at 1260.  This is also a longer term bullish trend line support, and as seen last month a critical support for the move. This is a descending wedge on a decreasing volume pattern, normally we would look for a turn from 1260. If we have a sell off and capitulation, which could take a week then the head fake will be to 1232 and an extreme low of 1208.75 on the new contract. Once we break under he 12701 mark there is not much support here.  Watch out for increased volatility and the thinning out on the trading platform.  We are having a three day, day trading course in Calgary. Join us.  It will change your trading perspective to take profit out of the market.

S&P 500 day trading course

Monday, June 6, 2011

Day trading course support and resistance

Day trading course support and resistance, Day traders have sold this to support. [caption id="attachment_3857" align="alignleft" width="281" caption="Day Trading Course|learn how to day trade|866.640.3737|"]Day Trading Course|learn how to day trade|866.640.3737|[/caption] Today's point of Control 1294.50 with a test to supporting trend line at 1289.75. Sellers are in control but have slightly exhausted and are consolidating in a channel from 1297 to 1294 with an occasional head fake to take out those who don't understand the settings in this time period. Looking for a break above 1296 later in the day to move to the resistance at 1303 area. If we can get through to 1306 then looking for 1314 area on continued buyer volume. If sellers do take control from the supporting long term trend line at 1391.50 then watching for further movement to support at 1282.75 and an extreme low at 1278.50.  

S&P 500 day trading course

Wednesday, June 1, 2011

Day trading course|866-640-3737| learn how to daytrade

The bearish channel is holding. S&P500 emini future day trading course looking at the price action and areas of support and resistance. [caption id="attachment_3850" align="alignleft" width="300" caption="Day trading course|866-640-3737| learn how to daytrade|Day trading coach"]Day trading course|866-640-3737| learn how to daytrade|Day trading coach[/caption] The bearish Channel resistance was tested at 1347.50 with a head fake leading into reversal to cross the point of control at 1337.25 Our first support was the 200MA in red which quickly became the resistance in a consolidated channel, next support is 1326.50 then 1319. 1312 is the extreme low of the day. If the Sellers have a lot of commitment watch for a push to the 1302 area again as in our previous swing low. Sellers did enter the market with volume today and we can see what will happen in the last hour. Maybe the invisible hand will step back in and lift this back up.  Learn how to trade this price action in our day trading course. We are scheduling one June 25-27 in Edmonton, Canada.  Join us.

S&P 500 day trading course

Tuesday, May 31, 2011

Day trading course S&P500 bear channel holds

Day trading course S&P500 bear channel holds.  The S&P500 emini futures price action as the buyers tested the resistance on the bearish channel.  It turned out to be a head fake as sellers moved in to control the am session. [caption id="attachment_3845" align="alignleft" width="300" caption="Day trading course Bear Channel Head fake"]Day trading course|866-640-3737| learn how to daytrade|Orange county day traders[/caption] Point of control is 1342 with sellers taking control in the AM session. we have initial support at 1339 and saw a move down to the 50MA at 1336.  We might see sellers consolidate here before the next push down to 1330.50  and then a move to 1322 the next support. We have been in a short term bullish channel from 1302 with an upside target of 1357. Our resistance will be at 1345-46 and then 1352 then 1357.   This is where we had the previous start of the Bin Ladin Head fake before the sell off to 1302. WE will be having a live day trading seminar in Edmonton, Canada June 25-27. Join us if you can.  Learn how to manage your risk, and if you are a seasoned trader that can't seem to get their targets, we will have some break through exercises to get the victim out. Trade what you see and watch out for the news, don't let it get in the way of making profits.    

S&P 500 day trading course

Friday, May 27, 2011

Day trading course Bullish Channel watch out.

[caption id="attachment_3840" align="alignleft" width="300" caption="day trading course point of control"]day trading course|learn how to trade|day trading coach[/caption] Day trading course The S&P500 finally got its turn around with support at 1303.50 .  Price reversed and returned to the 200MA (red) and settled in a consolidated trade range between 1315-1324. The price action off the bottom has given us an inverted Head & Soulders with a target of 1341.75 .  This Bullish Channel (short term) is holding with support coming in at the 50MA around todays POC. Today's Point of control is 1328 and the bulls are in Control with light buying action in a 5 point range. MOST TRADERS have left the market.  Be careful of light volume as we can get some volatility after 3:00 especially into the close. Remember the settings of the market and we are going into a three day holiday. Resistance at 1332.25 if we get through here we might rally to 1341.  Looking for extreme high of 1358.75 to come in this next week. Most traders understand some of the Dynamics of trading but still can't win.  Whether it is the inability to follow a trade plan, relying on indicators or simply being incongruent with their trading plan.  Most traders will be in the "investor class", the ones that have to keep working to keep investing and never get their break through to trading.  We are having our day trading course in Edmonton area June 25-27 and in Montreal in July9-11. We focus on price action and risk management.  We have cutting edge activities that will break you out of some of these vict [...]

S&P 500 day trading course

Tuesday, May 24, 2011

Day trading course bearish channel support.

S&P500 emini futures is in a consolidated range for Day trading.  We have been in a bearish channel and our now consolidating off of support. [caption id="attachment_3818" align="alignleft" width="300" caption="Bearish Channel support"]Day trading course|bearish channel|learn how to day trade[/caption] Point of control is 1317.75.  with a very close first resistance at 1321.50.    It will be tough to get through here and price might have to test down first to build up some momentum to get through. Support coming in at 1311 and then 1302. If we break through the resistance at 1321.50 the next resistance will be 1329.50 then 1340 and 1345 the previous swing high. Our extreme high will be 1357. May starts the move down before the September-October rally.   This is not a rule though, just a higher probability.  We of course are watching for QE3. We could be having another day trading course close to Calgary this June. I will keep you informed.  Trade what you see.

S&P 500 day trading course

Sunday, May 22, 2011

Day trading course bearish channel

Day trading course, who is in control?  It seems that the buyers can't get any traction this past week and are being held in this small bearish channel. [caption id="attachment_3811" align="alignleft" width="300" caption="Day trading course testing the bearish channel"]day trading|learn how to day trade|daytrader[/caption] Point of control is 1325.  The sellers have moved in pre open Sunday evening and are testing to support at 1320 area, our support is coming in 1317.75 then 1312.75 and 1303. The POC (the purple) colored line is where buyers have to get above to control direction.  Under here and the sellers can test support.  The previous bearish trend line could act as support on this test down and looks like it could come in around 1312 area. We do have a slightly lower high on the consolidation at 1340-45.  Longer term we would have to get under 1267 for a move out of the uptrend. Euro could have a bit of pressure this week as Portugual and Spain's collapse is coming on.  News is in complete denial and Greece wants to get a discount so it doesn't have to keep up with the austerity measures. Join our day trading course and take control of your trading account.  If you are doing what everyone else is doing, then don't be surprised to see your account going down.

S&P 500 day trading course

Thursday, May 19, 2011

Day trading course bull channel intact

Day trading course bull channel intact. Day trading tips, support and resistance on S&P500 emini futures. Learning how to trade effectively. [caption id="attachment_3805" align="alignleft" width="300" caption="day trading course bull Channel"]day trading course bull Channel[/caption] Point of control is 1341.50. Resistance is 1345, we have tested the area a few times. The Gap is 1338.25 just around the 50ma. support at 1332.500 then 1325 and 1318. The open was low volume. Watch for sellers to step in here.

S&P 500 day trading course

Tuesday, May 17, 2011

Day trading course Bounce off of support

Day trading course - bounce off of supporting trendline on the Bearish channel.  12 point move back up. We are above the Point of control for the day but buyers are weak. [caption id="attachment_3801" align="alignleft" width="300" caption="day trading course bounce off of support"]day trading course bounce off of support[/caption] Buyers have barely taken control of the S&P500 emini futures contract in the last hour of trading.   The bearish channel is still in tact. support off of 1318 to resistance around 1328 has given us a ten point zone to scalp in. Nice price action for the entry off of 1316-18. Sellers could take this back going into the close.  Euro has been strengthening and consolidating at the top. Tomorrow and thursday will give us some more direction if we can break the channel to either side.  

S&P 500 day trading course

Day trading course Bear channel holds

Day trading course Bear channel holds on the S&P500 emini futures.  Day traders are holding this channel with sellers in control.  The Point of control is 1324 . [caption id="attachment_3797" align="alignleft" width="300" caption="day trading course bearish channel holds"]day trading course bearish channel holds[/caption] Support is 1318 then 1312.  As mentioned if we get below here then we are going to test towards the previous swing low. Expecting a push down to the supporting trend line.  We have been in a bearish channel for two weeks since the top was reached on Bin laden's fatality. Going to watch this consolidate in this area to 1300 long term.  We have resistance at 1324, 1327 1332 and 1336 as we approach the top side of the bullish channel.  

S&P 500 day trading course

Monday, May 16, 2011

Day trading course weekly chart trading tips

Day trading course weekly chart trading tips on the consolidation at the top.  Day traders have been fighting the resistance on this move up for over 14 weeks with no real upside momentum. As we are showing a sell shadow on the weekly chart if this breaks below 1318-20 we could have a turn in the market. [caption id="attachment_3793" align="alignleft" width="300" caption="day trading course weekly chart"]Day trading course weekly chart[/caption] The point of control on the weekly chart is 1312.  Buyers are still in control, but this week could see a test of those levels. See comments on chart. The sell shadow on the weekly with a small retrace and loss of buyer control normally would project price to move to the 1312 area. First real test is at 1322.  If we can keep the close above there and test down in After hours there will be a chance.  Closing under here could be a problem for the bulls. Long term support and keeping is un this bullish channel comes in around 1240.  If this acts as support we can keep this bullish channel in tact. Watch out for low volume days. Remember to always trade with a stop, as trading the S&P500 emini futures contract is high risk.  

S&P 500 day trading course

Day trading course Bearish channel bounce

Day trading course S&P500 learn how to trade.  Bearish channel bounce off of support on the supporting trend line. [caption id="attachment_3789" align="alignleft" width="300" caption="day trading course short term bearish channel"]day trading course short term bearish channel[/caption] Point of control on the S&P500 emini futures contract is 1333. In the am Day traders were in control as they hit first resistance levels at 1340. Retesting support at the 50MA and looking for buyers to step back in. Another low volume Monday. It has been a while since we have had a rally out of this consolidated range. Support at 1327 and extreme low on this bear channel in the short term of 1325.50. Resistance is coming in at the 200 ma around previously mentioned 1340 and 1344.  If we can get buyer commitment above these levels we could break the bearish trendline resistance and move to 1352 then 1358.  Looking for a mid term change in direction with price above 1361.25

S&P 500 day trading course

Thursday, May 12, 2011

Day trading course 10 points + on S&P500

Day trading course 10 points + on S&P500.  Price took off from this AM point of control where we were looking for buyers to come in. [caption id="attachment_3785" align="alignleft" width="241" caption="Day trading course 12 point S&P500 trade"]Day trading course 12 point S&P500 trade[/caption]

S&P 500 day trading course

Day trading course Oil and Wheat trade on.

Day trading course commodity trades.  Oil at support and wheat for a short term retracement.  Notes on the pics.Day trading course Wheat trade is on. [caption id="attachment_3781" align="alignleft" width="204" caption="Day trading course Wheat trade preventative stop"]Day trading course Wheat trade preventative stop[/caption] Price Failure with support. 1 more hour to hold this one.                     Day trading course Oil is on too. [caption id="attachment_3782" align="alignleft" width="279" caption="Day trading course Oil trade for a test to 100"]Day trading course Oil trade for a test to 100[/caption]  

S&P 500 day trading course

Day trading course price action am session

Day trading course price action on the S&P500 emini futures NY open. Looking for buyers to step in. [caption id="attachment_3777" align="alignleft" width="300" caption="day trading course mid session price action"]day trading course mid session price action[/caption] Point of control (purple) on the S&P500 emini is 1335.25 . If buyers can get it above her today we could revisit the open gaps. We have an open gap at 1339 and 1354, noted in blue.  Good upside targets if we can get some more commitment from the buyers. Support at 1330 and extreme low of 1324.75 Resistance at 1339, 1343 on the 200MA and closing the gaps.  Then we have 1345 and then 1357. We could get a retest to 1334 for a move up and an inverted head and shoulders with overnight move up. Trade what you see, remember low volume sometimes creates some high volatility as market makers can easily change the direction of the market. Remember, Day trading is risky.  Do your own work, don't listen to anybody and understand that you are the only one responsible for your trades.  Always use a stop and manage your risk.  Join us for a Day trading course if you would like to learn these things.

S&P 500 day trading course

Wednesday, May 11, 2011

Day trading course Silver Buyer be aware

Day trading course Silver Buyer be aware that when we posted at the $35 range that this would turn back here day traders were buying.  There still is a rumor of increase in Margin requirements, which could provoke another sell off. [caption id="attachment_3770" align="alignleft" width="288" caption="Day trading course Silver buyers are shorted"]Day trading course Silver buyers are shorted[/caption] Day traders were selling silver to $35 today. Support at $38 didn't hold as rumors are still hitting market of 2nd increase in Silver margins on Futures. Resistance at $39 to 39.50 Support at 35, thne 33.50 area.  If sold off to $32 looking to blow the stops on buyers at 35-38. Silver market has the most margin calls. Don't trade it unless you have experience and can be fully responsible for your account and always trade with a stop.  If you can't afford to loose it, don't trade it.

S&P 500 day trading course

Tuesday, May 10, 2011

Day trading course Consolidation Day trading tips

Day trading course consolidated range on S&P500 emini futures contract.  Day traders are in a consolidated range with no commitment on either buyer or seller side. [caption id="attachment_3766" align="alignleft" width="300" caption="day trading course range bound day trading tips"]day trading course range bound day trading tips[/caption] The Point of control is 1346. Support is coming in at 1346, 1340 abd 1332 with an Extreme low at 1325. Resistance at 1351.50, 1356 , 1361 and extreme high of 1373.50. Looks like we could be breaking this resistance this week on light volume.  Remember when we experience this light volume in the markets there is a tendency for the price to "levitate"  There for giving the old saying, Never short a dull market.. Trade what you see.  

S&P 500 day trading course

Monday, May 9, 2011

Day trading course SP500 Day trading tips price action

Day trading course SP500 Day trading tips price action Low volume Monday, Day traders are stepping aside and the market is floating up. [caption id="attachment_3759" align="alignleft" width="300" caption="Day trading couse S&P500 day trading tips"]Day trading couse S&P500 day trading tips[/caption] The point of control for the day is coming in at 1343.25 where price is bouncing on the 200MA. Looking at a Consolidation zone from 1339-45 and buyers are testing to the upside but not breaking out of this zone. First resistance is 1349, 1355.75 then 1361 with an extreme high at 1374.25. Expecting a low volume Monday with a test down to support. 1st support coming in at the 50MA around 1339 then 1334.75 previous swing low  and then further support at 1325 then 1320. We do have a inverted Head and shoulders forming and a Higher low that could give us our upside target of 1374 during this week. We will be having a day trading course in Philadelphia May 21-23, Los Angeles June 11-13 and Montreal July 9-11.  Join us if you can.

S&P 500 day trading course

Day trading course Silver Consolidation to $40

Day trading course Silver Consolidation to $40.  The Silver market has been quite fun this past week as Sellers faced new margin limits and some of the biggest shorting positions have been played out. [caption id="attachment_3755" align="alignleft" width="251" caption="Day trading course Silver day trading tips"]Day trading course Silver day trading tips[/caption] Silver showed support at 33.03 as the swing low, many buyers stepped in at the $34 mark. $37-38 is providing some resistance on the retracement. $39.50 is the next area of resistance  and then $41.50 which about a 50 % re tracement of this past weeks price action. Watch for a formation of a bear flag with a small sell off to the 34-36 area.  If buyers take it through here, we can see an area of consolidation moving to the 50% retracement. Watch out for headfakes during the slow periods.  Remember low volume can have very quick moves as there are not many orders on the side lines.  

S&P 500 day trading course

Saturday, May 7, 2011

S&P 500 day trading course E-Mini day trading education Coach: Day trading course Silver Sell the Rumor?

S&P 500 day trading course E-Mini day trading education Coach: Day trading course Silver Sell the Rumor?

S&P 500 day trading course live room emini futures education coach levels of support and resistance for, http://www.tradingonlinemadeeasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system.

Friday, May 6, 2011

Day trading course Silver Sell the Rumor?

Day trading course Silver and selling the rumor.  Day traders have been playing an interesting cash flow from paper SLV etf to Physical.  As we are watching the whole market basically changing hands as the Margin requirements have been changed and rumors fly on new requirements that could come out this week.......Sounds like bull, the market feeds on this type of Drama.  It also seems Market Makers have used their savvy to have $25 puts on slv making a 7 fold profit in just a few weeks.  Probably one of the best calls of the year, but I don't think we are going to see anyone step up for the curtain call. [caption id="attachment_3751" align="alignleft" width="290" caption="Day trading course Silver day trading tips"]Day trading course Silver on the bottom[/caption] You can see the major down trend and the small buys that have delayed our train for a few hours.  Support is in at 34.00 with a low of $33.02.  The pattern gave us a nice reversal to 36.20 which is a $3.00 stop.  Took it out and looks like they will use this head fake to make another run on stops at 34.20 and below. This would give us an inverted Head and shoulders but probably won't execute in to the close. Expecting a low volume close. Who would hold into this with the possibility of a gap down and then rally next week?  

S&P 500 day trading course

Day trading course Inverted Head and Shoulders

Day trading course Inverted head and shoulders on S&P500 emini futures.  Day traders on the S&P500 are watching this consolidation zone from a break out of an inverted head and shoulders. [caption id="attachment_3747" align="alignleft" width="300" caption="Day trading course Inverted Head and shoulders day trading tips"]Day trading course Inverted Head and shoulders day trading tips[/caption] This Beautiful Inverted Head and shoulders started to execute early this am.  Pre New York open. You can see the break of the Bear Channel's Resistant trend line with test down to the 50MA, purple, and then breakout from 1337.50 with news at 8:30 ensuing in 13 point run to 1350. A full extension on this move will be to 1372 Extreme high. The Point of Control is 1344.  There is a consolidation zone from previous price action 1345-48. During lunch this is the where a lot of retail will be headfaked. Resistance on this move is the swing high of 1350 with 1356 showing some minor resistance to a move up on previous swing highs on Long term. Looks low volume for the day, which normally coincides with price levitation. The 200 MA will give some Resistance on this move up.  Might have to bounce down to 1341 area to make the move up.    

S&P 500 day trading course

Thursday, May 5, 2011

Day trading course Silver Bottom pickers could be slaughtered.

Day trading course Silver Bottom pickers could be slaughtered.  Remember Silver gets more margin calls than any other commodity and trying to pick the bottom is for investors, not money makers.  Day traders will get squeezed on this if they try and guess where the bottom is.  Wait for a clear turn. [caption id="attachment_3743" align="alignleft" width="300" caption="Day trading course Silver bottoms high risk"]Day trading course Silver bottoms high risk[/caption] Last three days have been a quite volatile move down with some momentum.  We could het a break around 35-36.50 but would not go against a moving train like this one. The support on the 200 MA at 31.00 looks like the extreme low. the Zone between 34-37 will be an area to watch for some consolidation into the close.  Friday will be the tell all as investors again wake up to the price change and think, well now is the time to pick it up, probably in time to see them squeezed again. Buying dips is great, but this is not a dip, it is a short term correction, and waiting for the re establishment of the trend will be easier on your account. Be patient.

S&P 500 day trading course

Day trading course Gold- on sale for a week

Day trading course - Gold on sale for a week as pressure has come off for a flight to safety.  Seems that a little pressure is taken off the markets in celebration of getting rid of one of the US's top terrorists.  The Gold silver ratio hit 32 which is the lowest it has been in quite some time. It seems that people sold off from over $50 and are looking to buy physical Gold at this level and waiting for  turn on Silver. [caption id="attachment_3739" align="alignleft" width="300" caption="Day trading course Gold - major drop targets"]Day trading course Gold - major drop targets[/caption] Remember gold and silver markets are very volatile and can move quickly. Don't guess the market. Here are some levels for you. 50% retracement on this leg up, 1476.18 61% retracement 1452.47 Extreme low 1423. Watch the 50MA at 1467. area Yes, it could turn here at present price levels a move back to 1500 and then continuation to lower levels would not be unusual. 5 days of down market. I am watching for tomorrow, going into the weekend could be volatile as buyers start to notice price.  

S&P 500 day trading course

Day trading course Bearish channel Day trading tips

Day trading course Bearish channel Day trading tips on S&P500 Emini futures contract. [caption id="attachment_3735" align="alignleft" width="300" caption="Day trading course Bearish channel Day trading tips"]Day trading course Bearish channel Day trading tips[/caption] Point of control is 1338.75 There is a sticky consolidation Zone from 36-39 with head fakes side to side. Support at 1330.75, expecting to see price head to the 50MA (purple) and consolidate between the point of control an the 50 til we get some direction. 1348.75 for resistance, then 1356. Our Support is 1330.75 then 1325 and 1318.75. Market makers were determined to hold this down this AM with buying off of the 1332 area reversing the market.   Watch on the approach of the 1345 area as this is where we can get the turn to continue on a longer term bullish channel.  

S&P 500 day trading course

Wednesday, May 4, 2011

Day trading course S&P500 price action Day trading tips

Day trading course S&P500 price action Day trading tips [caption id="attachment_3728" align="alignleft" width="300" caption="day trading course short term targets"]day trading course short term targets[/caption] Point of Control on the S&P500 emini future is 1340 in the afternoon session, this is the turning point to continue the longer term bullish channel.  If the sellers keep control under the 1340 mark we can see new lows to 1332.50 and 1325. area for support. Day traders have predominately sold off in the am and lunch time hours.  A re tracement to 1346-48 area in to the close would be a normal move. Resistance coming in at the 50 MA Purple and the 200MA red. with further resistance at the pre Ladin swing high at 1360.  The false move to the 1374 area was a fluke, but does make it easier to attain the extreme high of 1381.25 in previous week. Day trading course S&P500 price action Day trading tips.  Keep watching as earnings will reveal some interesting Dynamics as profits will come to an end as the unemployment figure as related to  the long term effects of ridding your firms of employees starts to see diminishing returns in long run.  Normally after 1 year.  

S&P 500 day trading course

Tuesday, May 3, 2011

Day trading course price action and Point of control

Day trading course price action and Point of control [caption id="attachment_3723" align="alignleft" width="300" caption="Day trading course short term targets"]Day trading course short term targets[/caption] Point of control is 1355.25. Seems that we are in a mid term double top and a consolidation zone.  Looking for a 4-7 point channel bouncing out stops. 1350-57 with lots of head fakes through the  lunch session. Support coming in 1350, 1349.25 Resistance 1355-1357. then next move to 1362.    

S&P 500 day trading course

Monday, May 2, 2011

Day trading course targets, May 1

Day trading course targets on the S&P500 emini futures. [caption id="attachment_3709" align="alignleft" width="300" caption="day trading course targets May S&P500 price action"]day trading course targets May S&P500 price action[/caption] Watch for a break out of the Congestion zone. Support coming in at 1354 then 1346 and an extreme low of 1332. The S&P500 emini futures contract saw a lot of low volume lift this week to reach a high ov 1373.75 on the news of Osama Bin Ladens death by US seals. The Break out prices of 1357.75 for sellers and th1362.25 on buyers side. Point of control coming in at 1361 for direction. Resistance coming in at 1366 then previous swing high of 1373.75 then 1379. As this is earnings week, expecting low volume today with a pick up on Wed- Thursday and a light trading day Friday with price lifting to make up for any corrections this week. Lot's of head fakes to occur during lunch time, watch your self on the break outs.

S&P 500 day trading course

Thursday, April 21, 2011

Day trading course price levels Day traders S&P500

Day trading course price levels Day traders S&P500.  Friday the futures market is closed.  Three day weekend for S&P500 day traders.  These are the price levels we reached this week and day trading targets for this next week as we round the week out in four days of trading. [caption id="attachment_3705" align="alignleft" width="300" caption="Day trading course price levels S&P500 day trading"]Day trading course price levels S&P500 day trading[/caption] We tested the support on the Extreme low on the S&P500 emini future.  We put this support in from the beginning of the month with a top side extreme target of 1362 we are expecting sometime soon. The poing of control on this move up is around 1333.  Buyers attemepted control on the S&P500 in the morning with sellers consolidating the price action in the small 6 point consolidation Zone. Day traders hit alot of resistance on1334-35 ans support just under the 1330 level.  A frustrating day for most unless you are like us and finished by 1030 - 11:00 am market time. Looking for another test on the support to 1325 and a low of th 1318, before moving on to the high side targets at 1340 and then on to the extreme high.  

S&P 500 day trading course

Tuesday, April 12, 2011

Day trading course S&P500 day trading tips targets

Day trading course S&P500 day trading tips targets for support and resistance.  Day trading the S&P500 emini futures contract. [caption id="attachment_3701" align="alignleft" width="300" caption="day trading course targets day trading tips"]day trading course targets day trading tips[/caption] Bearish Channel on the 30 min Chart testing down to the supporting trend line.  Point of control is 1313.25 support at 1309.75 , 1305 then 1298.50 . Could keep consolidating in this area and then another test on resistance in the afternoon session.  IMF asked the US to reduce the debt.  Could it be a possibility?  What will happen in our markets with out the Fix supplied by quantitative easing? Could be a choppy low volume day.

S&P 500 day trading course

Monday, April 11, 2011

Day trading course short term targets day trading tips

Day trading course short term targets day trading tips on the S&P500 emini futures. [caption id="attachment_3694" align="alignleft" width="300" caption="day trading course short term targets"]day trading course short term targets[/caption] Watch for head fakes in this area as we are stuck in this consolidated range to 1330.  Point of control is 1328 and sellers are in control. Resistance coming in at the swing high of 1330.25 and then the previuos high of 1336 . Support coming in  1325 then 1322 and 1319. Looking for mostly consolidation in this area. The US government came up to a compromise on the spending plans, averting a shutdown of the government and the Dollar regained some lost ground after weakening most of last week. The Dollar hasn't been able to strengthen as desired after the news as risk-appetite continues to dominate strongly with the high-yielding currencies and commodities forming new highs against the Dollar. The concern was centered on the risk of a total government shutdown; gains in the greenback were trimmed before Fed's Yellen speaks on the economic outlook and monetary policy. Yellen said April 9 that the U.S. recovery doesn't warrant a reduction in the central bank's record monetary stimulus and defended a plan to buy $600 billion in Treasury securities through June. Most analysts see no recovery for the dollar in coming months on expectations the Fed will delay raising rates after the end of its asset-purchase program  

S&P 500 day trading course

Day trading course up day day trading tips

Day trading course S&P500 emini futures we are in a consolidated range from 1320 to 1338.  We have been at the bottom of the range and looking for an up day. [caption id="attachment_3690" align="alignleft" width="300" caption="Day trading course Up day ahead day trading tips"]Day trading course Up day ahead day trading tips[/caption] Watch for the break out to the top side. Point of Control is 1328.

S&P 500 day trading course

Friday, April 8, 2011

Day trading course Before the bell price action day trading tips

Day trading course Before the bell price action day trading tips for the S&P500 emini futures.  We ran down to support and the market has a chance to rally into the close or consolidate at these levels. [caption id="attachment_3684" align="alignleft" width="300" caption="day trading tips before the bell price action"]day trading tips before the bell price action[/caption] support is at 1320 and 1310 the Point of control is 1326. Sellers moved in and brought the market down in the lunch hourwith 650000 contracts traded in the 3 hours before the close.  Market volume is quite low with most traders gone for the weekend. Could see some closing out of positions going into the weekend as there is a bit more volatility in Saudia Arabia and disturbing news coming out of Libya. The point of control today gave some support and could be acting as a headfake to the support at 1319-20.  Watch yourself here in to the close as it might seem like a good place to reverse. Next week we are looking for test to new highs.  Wait for the turn on a longer term chart on this move down.   Remember, we dont know if it is oversold until it turns......  

S&P 500 day trading course

Day trading course S&P500 weekly chart targets

Day trading course S&P500 weekly chart targets.  We are in a bullish channel on the approach to our previous highs.  The charts are showing a possibility of a continuation to the upside. [caption id="attachment_3677" align="alignleft" width="269" caption="Day trading course weekly chart targets day trading tips"]Day trading course weekly chart targets day trading tips[/caption] The S&P500 emini futures and the S&P500 large contract are in a long term  bullish channel.  We are presently in an area of consolidation moving out of a bullish Flag pattern. Normally we are looking for a double top to occur within this next week's candlestick.  This week could end in a doji, reflecting trader indecision on direction.  We are above the point of control so buyers have taken the market from the sellers. We have an upside target of 1421 if we break through the resistance at the double top.  Watch for the test this next week. We do have support near by at 1296-1303.  A lot of congestion in this area. If we get a lower high on this move up we could see some momentum if there is a sell off to 1265. This Channel is quite strong, we shall see. Remember, this is a longer term chart, we can see the major tendency of buyers and the direction we have.  There is about a 60 point swing in the channel andwe are in the mid point. Join us in Calgary for a day trading course this next weekend.

S&P 500 day trading course

Wednesday, April 6, 2011

Day trading course notes to my traders.

[caption id="attachment_3673" align="alignleft" width="183" caption="day trading - falling off my bike"]day trading - falling off my bike[/caption] Hello traders,   have you ever fallen off a bike? Most of us who have ridden a bike have fallen off at least once.  Trading is the same.  Most of us that are long term traders, some times "fall off of the bike" too. Trading is one of the most dynamic environments you will ever be involved in.  It traps the mind in to thinking that there are rules that will work all the time,  That you are making mistakes and don't know what you are doing. It really feels like it accelerates life. I received an email this week from a student that fell off the bike a few years ago, she said that she is willing to get back on and that for some reason, she doesn't have the "self destroying expectations" that she had before.  She went on to tell me that she has been taking some of our system trades at lunch time and is profitable "just a little bit" but she feels more confident this time. Giving yourself the space to "ease into" being a trader sometimes takes a few hard falls on your bike.  Are your expectations of your self keeping your from getting on the bike again?  What if you could relax those a bit, so you can practice pedaling a bit more? Any one else getting back up? I would like to commend her on the first competency of a trader, "Courage".  The courage to get back up after taking a fall. email me if you would like a hand getting back on the bike. Joel PS. this applies to things outside trading too. An outside comment,  Don't trade sick.  I had this driven home this week as I [...]

S&P 500 day trading course

Day trading course S&P500 day trading tips 60 min chart

Day trading course S&P500 day trading tips 60 min chart Price action on the S&P500 emini futures contract. [caption id="attachment_3670" align="alignleft" width="286" caption="Day trading course "]Day trading course S&P500 day trading tips[/caption] The S&P500 emini has moved up on decreasing volume.  When volume decreases after a move up we will normally end up in a consolidated range. The only low volume moves that we experience is in the after hours when many of the supports and resistances have been tested making it easier to move through in Regular trading hours.   The point of control is at 1331.25 and as of now sellers are in control.  Watching for support to come in at the 50MA 1328.50 with more support just under this in a small congestion zone to 1327. Continuing support at the swing low at 1323.75 then 1320 area on the red 200 MA.   More Resistance will come in at the point of control on the way back up and at previous swing high levels around 1336-1338.  If we see a break of this swing high then our next resistance will be coming in at 1341.  After this we are looking at a longer term extreme high of 1356.25 to 1362.50. A quick trading tip for any of you fighting a cold or just feeling down.  Stay out of trading.  It will be an expensive lesson for you until you are better.  Remember 90% of this is the psychology of using your edge in this market place.  If you are sick or feeling down, it is better to get healthy so you can use your edge. Trade what you see. Day trading course in Calgary April 16 - 18 , join us.  

S&P 500 day trading course

Friday, April 1, 2011

Day trading course S&P500 Friday Closing targets

Day trading course S&P500 Friday Closing targets [caption id="attachment_3665" align="alignleft" width="286" caption="day trading course approaching support"]day trading course approaching support[/caption] S&P500 emini futures contract going into the  close.  Buyers were in control for most of the morning with a nice upswing to just below previous highs. I am watching for this to test down to the 1324.50 area one more time before the close and then to move back to the point of control. Point of control is 1329. support at 1323.75-1324.50 then 1321 and 1315 and extreme low of 1308.25 Point of control will be initial resistance.  Watch for swings between 1324.50 and 1328.5 this is the area where the market makers will shark you out of your money looking for a break out.  More than likely will be a head fake. Last 15 minutes to have volatility as the boys who can't get home early are taking last minute buys and sells.  Could be a little crazy. Look for a close under 1330. We shall see. Have a great weekend, will post new levels on Sunday night. April 2nd will have a free trading meeting in Toronto.  Join us.  

S&P 500 day trading course

Thursday, March 31, 2011

Day trading course S&P500 day trading tips

Day trading course S&P500 day trading tips [caption id="attachment_3661" align="alignleft" width="286" caption="Day trading course S&P500 day trading tips charts"]Day trading course S&P500 day trading tips charts[/caption] Consolidation day.  As mentioned in yesterday's daily chart.  Watching  for price to bounce back and forth in the Congestion Zone from 1320-1326. Watch for short term head fakes, break out trades could be difficult. 50Ma is coming in adding support........... Day traders are watching this area and seeing no distribution.  Support coming in t 1315 then 1308  and again at 1302. Point of Control is 133.25 Looking for a few more tests on the 50 with a break to the supporting trend line then a move up to new highs. Ireland is reporting on their banking situation before noon.   Could impact the markets.  More than likely it will be blown over and not noticed. Trade what you see.  Remember to watch the bullish channel supports and don't get caught in head fakes. Day trading course in Calgary, Edmonton and Toronto coming up.

S&P 500 day trading course

Wednesday, March 30, 2011

Day trading course S&P500 day trading tips daily chart targets

Day trading course S&P500 day trading tips daily chart targets [caption id="attachment_3656" align="alignleft" width="233" caption="day trading course S&P500 daily chart"]day trading course S&P500 daily chart[/caption] Off of the previous swing low we see price failure and a move up to 1393.  We are seeing a series of bull flags that are pushing us to previous swing highs. 1315 was the daily point of control and buyers have taken this away. We are on our third leg up of this move from 1240 and looking for some consolidation 1320-1328.  Could be choppy tomorrow. Support at the POC. Volume is slowing down again on this move up.  WE are closing the day at 1.5 million contracts.  A lot of the movement (buying) is occuring in the after hours session. We had capitulatory volume on the S&P500 emini on a 4 million contract day which signaled the end of the sellers in the mid term continuing the move up. Bernanke has more time on his QE2(3) and funds headed into the market until June.  If so the extention to 1410 would fall in line with this pattern.  We have some rough patches to go through as Oil goes higher and the US consumer deals with price inflation with food going into this summer. 80% of the economy is consumer oriented, price inflation will cause a decrease in overall consumption especially as gas prices increase.  Yesterday I filled up at $4.06 a gallon.

S&P 500 day trading course

Tuesday, March 29, 2011

Day trading course NY close targets hit. Day trading tips.

Day trading course S&P500 day traders. [caption id="attachment_3652" align="alignleft" width="286" caption="Day trading course S&P500 day traders tips "]Day trading course S&P500 day traders tips [/caption] Day trading course levels from earlier this week as targets were hit and support and resistance proved remarkable to hold these areas of consolidation. Our Point of control was 1305.75 with a break out with buyer control over 1308.  Our resistance into the close was 1314.75. Day trading volume was low today.  So another sign of POMO money and the invisible hand of the Fed. Will post another set of charts with new point of control this evening.  Please subscribe and you will get it automatically to your in box. Trade  what you see.  Remember the market prices in most news before it is released so what you hear the pundits say after most market moves is nonsense. Let the news go.  

S&P 500 day trading course

Day trading course - Focus on what works.

Have you spent time thinking about what went wrong and why some thing occurred? For every minute you spend thinking about those things, spend 5 min thinking about what is working and what are the nuances behind that success. Journal, meditate, run and sing about it if you have to, but focus on what is working and what it gives you. What you focus on expands. It is easy for the critical mind to gather your focus on what isn't working. It takes a disciplined mind to work on what is giving you Mastery. It is what you do well that pays you. We will be having the "Motion of Mastery" advanced trading session in Calgary April 19. This is a break through process on Mastering which applies to anything you do. You will experience the process of Mastery and be able to see where you are in the process at any moment. We will also apply this to price action and your business strategy. Check out the charts on http://www.tradingonlinemadeeasy.com and http://www.moneymakeredge.com/blog , this is there for you to use, to see different perspectives on price action. Remember, always let the trades come to you. [caption id="" align="alignleft" width="616" caption="Cutting a fast pitch Baseball in half. Day trading."]Day trading course "Mastery in Motion"[/caption] This is a Japanese swordsman cutting a fast pitch baseball in half.  Wouldn't it be nice to have a little Mastery?  

S&P 500 day trading course

Monday, March 28, 2011

Day trading course chart on move to support day trading tip

Day trading course S&P500 emini futures day trading course tips watching as 15 min chart approaches support. [caption id="attachment_3639" align="alignleft" width="286" caption="Day Trading Course 15 min chart support target"]Day Trading Course 15 min chart support target[/caption] The S&P500 has broken through the consolidation zone on the 15 minute chart as mentioned this AM. 1310 was the supporting trendline break with a further move to the supporting trendline.  1304 is the down side target then 1294 as an extreme low. 1300 is an area of we could see some support as the bulls don't want this to close below.  Maybe the invisible hand of the fed will step in to get us back on track. 1304 will be on the horizon soon. Trade what you see.  

S&P 500 day trading course

Day trading course S&P500 day trader tips 240 min chart

Day trading course S&P500 day trader tips 240 min chart with Point of Control and support and resistance on the 240 min S&P500 emini futures day trading chart. [caption id="attachment_3635" align="alignleft" width="286" caption="Day trading course S&P500 day trading tips POC"]Day trading course S&P500 day trading tips POC[/caption] The S&P500 emini futures contract is in a consolidation zone from 1308-1314. The point of control is 1312 with buyers in control above here and sellers in control below here. The first level of support we are seeing is at 1309 then 1304 which is just under the 200MA. The next area of support is at 1294 and then 1279.75. It would not be unusual to test down to 1294.75 vefore a larger move up to 1331 and a double top at 1338 (previous contract level of 1342. We hae resistance at 1316 for a break out to new highs to 1322.50 and then a move to 1331. Remember with QE3 in full effect and the purchasing of Bonds we are going to keep seeing support in the market.  The invisible hand is giving us lift even in this low volume environment.    Don't be surprised to see new highs coming in through April. We will be having a day trading course in Calgary April 16-18 with an advanced trading day on the 19th.  Our course has many high impact learning activities that will give you the edge to trading the markets.  Join us.  

S&P 500 day trading course

Saturday, March 26, 2011

Day trading course Calgary day trading course April 16-18

[caption id="attachment_3628" align="alignleft" width="251" caption="Day trading course Calgary day trading course "]Day trading course Calgary day trading course[/caption] [caption id="attachment_3628" align="alignleft" width="251" caption="Day trading course Calgary day trading course "]Day trading course Calgary day trading course [/caption] Day trading doesn't have to be an all day affair. Our Day traders learn how to trade about 15-45 minutes a few times a week. Most day traders spend too much time focusing on the holy grail, the "answer" to trading and making money in the markets.  The Money Maker Edge gives you new tools to take profit out of the market. How  would you look to have some new tools that can get you to take more action in your life?  How would you like to be able to take risks and stay in the game with a higher energy and know that you will be able to play again and again. The Money Maker Edge day trading course includes the high impact interactive activity Run A Risk.  This is where you will learn about how you participate, how you let your outcomes control you and see new ways to approach the game you play in life, in money, and more.  This is a key to changing your Risk paradigm from waiting, to doing.  You will be able to see tha [...]

S&P 500 day trading course

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