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

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