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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

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