Day Trading Course, Live Futures and Forex Trading

In the last few weeks, I have not had much for positions to write about.  Mostly my trades have been on the short term, opened and closed within the day or maybe two.  With nothing in for longer term positions, I thought I would throw up my current day trade I am in from earlier today. This morning I opened a long position on the S&P500.  The move up off of the open this morning showed some potential for continuing, so I took an entry in the direction on the first retracement on the hourly chart. I expect this trade to be good for a few hours at least, then if we break resistance at the 1869.00 area, the trade could turn into a longer hold.  If resistance at 1869.00 seems to be holding, then I will likely take out the position at that level. Daily outlook shows a possible target of 1880.00 with a break through current 1869.00 resistance today.

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DAy Trading USD-CAD , last move down?

DAy Trading USD-CAD , last move down? [caption id="attachment_7264" align="alignleft" width="300"] usd cad day trading[/caption] USD - CAD , Up or Down? Another interesting trade to take long or short. Short if sellers show up at first. The "key" on this trade, is to use your stop wisely, because it can make a turn over at any time ( expecting 50%Ret. Fibonacci). For long one, there's few possibility, the simplest one, is to take long, as bearish trend will be broken, and next target will be 1.114price  

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Day Trading AUD - USD

[caption id="attachment_7256" align="alignleft" width="300"] day trading aud usd[/caption] Day trading aud - usd Good trade to take for next week-61% Retracement on Fibonacci -Top of Bullish trend , with an Over Bought price, that make this trade less risky to get first target. -This is an quite risky trade, since buyers are quite strong, and pass 200MA. But there's some space to get some good profits, and then go Long, once hit buyers zone.

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Gold and Silver buyers get busted....Finally!

Gold and Silver buyers get busted....Finally! [caption id="attachment_7248" align="alignleft" width="300"] gold day trading[/caption] Buyers get Busted twice...as was expected with two overbought level...and failing to hit the 1400price, sellers decide to take out the profits. There are simple example of how they did, and finally we are back to my buying area.   [caption id="attachment_7249" align="alignright" width="300"] gold trading 60min[/caption] Good buy price and Time   I maid this chart quickly but we clearly can see how sellers miss to pass the last bottom, and finish with few unsupported price. gold price are also at the top of bearish trend, and if buyers break it, target will be the 200MA, at 1320points. [caption id="attachment_7250" align="alignleft" width="300"] silver price 22 to 19...again[/caption] Silver buyers get busted...again this time it make me laugh actually, as I can imagine how exited they was in this strong move up...that end as a weak results. Good thing about Silver, it's buyers are starting to re-test [...]

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...investor start to go against market

...investor start to go against market [caption id="attachment_7241" align="alignleft" width="300"] market are hard to bearish[/caption]   Successful analyses futures market Sellers still have the momentum, with buyers bouncing on 200MA, with low volume, I'm looking to see how sellers will re-test this 200ma on 240min chart. how ever, don't see much for next week....   ETF SPXU an invested ETF for S&P500 market was impress how much it increase in volume, and not only on this etf but almost all those that go against bull market. Even gold Etf increase on last days. and if you go on UPRO stocks ETF, volume stay at the same level that they was since October. Does Investor losing confidence in Stock Market?    

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30y bonds end with a head fake

[caption id="attachment_7237" align="alignleft" width="300"] bonds trading[/caption]

Bonds end with a head fake...looking for a reversal

This chart was maid on futures, as my last stocks chart direction was short, on futures market it's unversed. well, not much to say, end with a very nice head fake, yes sellers are there, but prefer to stay away, since I'm looking to see buyers on futures re-try they move up, or down for stocks charts.      

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Trading WTI with MoneyMakerEdge

[caption id="attachment_7232" align="alignleft" width="300"] wti trading[/caption] WTI field the gap, what next? It's actually great question of what next... for my self, I see not much,than consolidation zone. 102.00 price, with Ukraine crises that was increasing in all media on last 2-3 weeks....since few last days, there was not much anymore to says. No war...and Putin looking to discus with Obama to fix this crisis. On technical level, buyers was loosing power as they go in gap area, and finish with an unsupported price. Waiting for new signal...so far nothing

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Perfect Title Wave forming in US Markets.

Day trading the S&P500 and watching the perfect title wave.

SPY the S&P500 ETF. Is the tidal wave building that could be the next market turn? The middle class is disappearing, we have record student loan debt, underemployment and U6 unemployment, housing market is stalling and the Russell 2000 is trading at 83 times estimated 2014 earnings. China, Russia, and the US relations are Chaos. I am glad that I know how to short this market. Here is the SPY which is the S&P500 ETF and the major support levels on the way down. Knowing ways to make money in a down market is the key to capital preservation. #trading #daytrading The pattern that could be building is the Head and shoulders. IF we go to the next level of support and then consolidate between these two support and resistance levels this would be giving us a very nice Head and Shoulders pattern.  Whether this plays out or not is the difficult question as this is a widely supported QE to infinity market - meaning the Fed will support the market. Lots of volatility in between these moves.  Watch yourself.  If you aren't experienced in these type of markets, it is best to stand a side.  Don't ever risk your capital when you don't have the experience to support it.  

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Bonds Trading Update

[caption id="attachment_7224" align="alignleft" width="300"] bonds trading[/caption]

Bonds Updates on last chart and direction

Since bonds did not close under red line, it go long as it was said. But if fail at 50% way to the last tops. It was a great entry for short position. Now Sellers will retest this red line, and all you need then to watch, it's with how much momentum it will break the multiple bottom, or fail to break. for targets and next direction, see last blog at http://www.moneymakeredge.com/blog/day-trading-course-2/united-states-bonds-fail-to-break-bear-market/  

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Day Trading Oil when world Politics games are in a front pages of all news

Not easy to trade right now, when with one simple news market can react, over react or just ignoring of what was just done or said. How ever, the targets are quite clear for next move up or down. [caption id="attachment_7219" align="alignleft" width="300"] oil trading[/caption]

60min Oil chart for next week

Oil fail to go in my buy area at 95.00 price, not a big deal...let's look for  a new trade. Here I have both direction, after over buying oil, by creating head fake on 60min chart, ( blue area), market could go both way, Up and doing. This trade should be taking on real time trading, and would be hard to say now in what condition to buy or sell. But at least targets are clear, go back to Gap, and Filled. Or for short, retest 200MA, and then last bottom. ...but to be real, I think it will be a miss trade, due to the gap I'm looking to see after this weekend cause of politics games that are happening right now.  

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Day Trading SP 500 Market

[caption id="attachment_7213" align="alignleft" width="300"] day trading course sp500[/caption]

Day Trading SP 500 Market 1440min Charts

Last week, S&P 500 wasn't able to break latest highs. And it wasn't able to support 1869.75 price on ES Futures. Finishing on Friday with a nice signal short, and great unsupported price at the end of the day, after failing to make a double top by few ticks. There's an extension of last move down from sellers. at this area, we should see buyers coming back, and see if it will create new highs, or will fail, and go back to bounce at 200MA, or close Under. [caption id="attachment_7212" align="alignleft" width="300"] day trading sp 500[/caption]

Day Trading SP 500 Market 240min Charts for the entry Long or Short

Like most of trader, mind mind it's on the short trade more than Long ones. But you need to keep in mind that anything can happen. For this trade, if we break this Bullish channel, it will be a great entry point for taking a short one.< [...]

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Gold Trading has China slow down pressure

Gold trading has China Slow Down pressure

Gold is Tricky in the sense that it is a disaster/war hedge. Many people consider it a risk off investment, but actually it is too volatile for a risk off hedge in a trading account. Buying physical is for the dips in the market, and finding the Oversold areas of the market create great buying opportunities - in physical. The slow down in China could put physical gold back into the markets as margin calls, factory closings, increase Bankruptcy's will start to increase. There is some support coming in also 1240 and 1200 With resistance at 1350 and 1395-1400

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Buying the morning dip ETF trading

Bought the morning dip on TQQQ Porshares Long 3xx QQQ Anatomy of the entry, risk and targets.

No risk on trade, as stop at 66 with a 65.80 entry, if it takes off great, if it comes back and gets me I will have chipped a little profit in on the day. I am on the sidelines mostly today as we had a large push up yesterday and Aunt Janet coming tomorrow to tell us how wonderful the markets are. So mostly looking for short term positions to pull some profit out of the markets in the interim. We had ten cents per share risk on this entry, which is extremely small.  We have locked in .20 per share in the first 15 min and will let this one continue to our targets. Our goal on this trade is to let it ride to 67.00 in the short term and break out to the highs in the longer term. Buyers might move in here as a continuation off the bounce of support yesterday.   On the daily chart for the TQQQ we have resistance coming in at 66.35 and a target of 67.50. If we can stay in this for the overnight, we will be looking to take this to previous swing highs at 69.80 Stop is moved up to 66.30 locking in a profit and letting the market run now that it has direction. A word of caution, Day trading is simple but it is not easy.  There is a lot of risk taking positions in a topping market.   This [...]

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United States Bonds fail to break Bear Market

United States Bonds fail to break Bear Market?

[caption id="attachment_7194" align="alignleft" width="155"] us bonds[/caption] Trading US Bonds in Bear trend This is an chart of US bonds on FreeStockChart TYX--X 30y. Last months, market retest upper trend line, and fail to close above....like it did since years. For next week, a new drop in price should start, by starting to close the gap at 35.00 , and then move to 33.00price area. this area will act as a support for bouncing and then look for new position to take.   [caption id="attachment_7195" align="alignleft" width="141"] us bonds[/caption] Bonds on daily 30y On this chart, we re-testing "red line" bottom, 4time already. and 3 time in a very short period. the only difference this time, it's volume. They was quite big for last movement up(Thursday) For next week, look closely if market will succeed to close under this red trend line. if it does, there's few gaps to fill on the way.

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Market Forecast | Day Trading | Swing Trading for | Stock | Forex | Bonds and more!

Market Forecast | Day Trading | Swing Trading for | Stock | Forex | Bonds and more! Hey guys, sorry for long video, got some issue with firefox as well with FreeStockCharts.com platform. However, this is a pretty accurate video of what you should expect and watch next week for. With Dow Jones Industrial missing to hit double tops with low volumes. And looking to create an Inverter H&S pattern very soon, once it hit 18 000....thing can go both way. https://www.youtube.com/watch?v=LblunW_uy4s

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Gold Over Bought ?

[caption id="attachment_7179" align="alignleft" width="300"] Gold Trading OV Price[/caption]

Gold Trading: Looking for Short

Since gold pass 1270.00 is start to be Over Bought. After what if fall in an old highs range between 1350.00 and 1325.00. What it's good for those who are more "Long" on mid-term in gold trading. As you can see, after price get over bought, buyers was in control on gold price, by moving slowly Up with LL-HH,HL-HH Pattern. But on last week, on last move up, buyers fail to create new highs, and sellers did create new Lows. Like what, we should go back in 1300area and even better if gold price go back at 1270.    

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GBP/USD Short Trade to expect next Week

[caption id="attachment_7174" align="alignleft" width="300"] GBP USD Trading[/caption]

GBP/USD Short Trade

After small drop of price (Red trend line), Buyers try to bring GBP USD price to last high. They actual fail to make a double top at 1.68points , and get stock between 1.675 and 1.670 area. Waiting to sellers break my "Green Trend LIne", and go for 1st, 2nd and 3rd target easily. After what GBP USD price should consolidate for new direction.

GBP/USD Short Trade to expect next Week

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Day Trading Eur Usd Nice momentum for Long Direction

[caption id="attachment_7168" align="alignleft" width="298"] day trading eur usd[/caption]

Day Trading Eur Usd Nice momentum for Long Direction

Nice week, Eur Usd did what I saw it will do. Making new highs for the 3rd time in a row, there's some good momentum on buyers side who looking to go back at 1.4 point. Very bad for EU economy, but this is not us problem :) Will keep update about Eur/USd for next move to expect and where get futures profits. Have a nice Woman's Day Everyone!

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Forex Day Trading Eur/Usd Forecast for March

[caption id="attachment_7161" align="alignleft" width="388"] day trading forex eur usd[/caption]

Forex Day Trading Eur/Usd Forecast for March

1. EUR USD tested many time 1.38 price, but every time it mist monument in previous candlesticks. This time it look different.
2. -Last 2 day we got nice signal long and long movement with very good momentum
3. -the wick are small, looking for pull back before retest last highs.
4. -more that enough space to reach Up Bullish trend (where's 2nd target at 1.4 area)

Great Trading Everyone for next week, it will be Awesome!

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