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"][/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"][/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

Day trading course notes to my traders.

[caption id="attachment_3673" align="alignleft" width="183" caption="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