Day trading course - Day trading tips S&P500 day trading. S&P 500 emini futures daily charts and market movements. Live day trading room and break down of direction, price action and commitment in the S&P 500 market with day trading tips. Learn how to daytrade with support online trading. Gold trading, oil trading, futures trading and currency. http://www.moneymakeredge.com/blog
Tuesday, July 31, 2012
Day Trading Course - double top
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Monday, July 30, 2012
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Tuesday, July 24, 2012
Day trading course - Pennant
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Monday, July 23, 2012
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Friday, July 20, 2012
Day trading Price resistance sellers enter
Learn how to day trade resistance in futues, S&P500 emini futures. Day trading course in price action investing trading system live room
great price levels, seems the chart shows the best areas of support and resistance for day traders
Day trading course - possible right shoulder formation
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Thursday, July 19, 2012
Day trading course - testing resistance
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Wednesday, July 18, 2012
Market Rally Futures Trading bullish move
Market Rally Futures Trading bullish move
Posted by Joel Wissing on July 18, 2012 in Day trading course with No Comments YetMarket Rally buyers step in to continue S&P500 emini futures move to previous highs.
Market rally will meet resistance at 1370 and 1372-75. Previously, at these levels the S&P500 emini futures contract had many attempts on the way to this price level. The market rally first moved to 1370, retraced to 1363.50 then on the third day of topping consolidation moved to 1375 in price failure and turned down.
There is support at 1366 and 1363 in the short term for the market rally and we can see this test before one more run at the highs before close. Could see a 3:30 or closing rally. This area could see a day or two of consolidated price movement.
Joel Wissing Day trading course psychology Trainer and trader S&P 500 emini futures, emini dow, Oil futures, gold,ETF's and stock Trader. Connect with Joel Wissing on Google+
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Market Rally Futures Trading bullish move
Market Rally buyers step in to continue S&P500 emini futures move to previous highs.
Market rally will meet resistance at 1370 and 1372-75. Previously, at these levels the S&P500 emini futures contract had many attempts on the way to this price level. The market rally first moved to 1370, retraced to 1363.50 then on the third day of topping consolidation moved to 1375 in price failure and turned down. There is support at 1366 and 1363 in the short term for the market rally and we can see this test before one more run at the highs before close. Could see a 3:30 or closing rally. This area could see a day or two of consolidated price movement.day trading course
Day Trading Course - testing support
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Tuesday, July 17, 2012
Futures market moves on lower volume
Futures Market moves up on lower volume, this is a critical point for the S&P500 emini futures market as buyers are looking for the commitment to push to new highs.
Futures market is seeing a weak commitment on the move up in the S&P500 emini futures. Watching a point of control on this move up at 1357.25. This is a previous level of resistance and where we have the left hand mid term shoulder in a Head and shoulders pattern on the 1440 min chart. If the market can close above this level with a retrace to 1351 tomorrow then I would be looking for a test to previous swing highs to 1374.25. Watch for price failure at these levels. Could see a large swing from this point. If price consolidates over the next two days of earning between 1350 to 1365 with decreasing volume, we might not see the short squeeze that kicked off the third leg of this move up in a bullish flag. If it does move up, there is resistance at 1378-82 1400 and then 1420. On the support side we are watching 1325 which is the 50MA then a break through to 1320 and then 1300 which is where we can see support at the 200MA. Price normally has been breaking through the 200MA has been half of the Max daily range for support at 1285-89. Future Market - Let's take a look at the day trading in July 2011 on the S&P500 emini futures. [...]day trading course
Day Trading Course - bullish testing resistance
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Monday, July 16, 2012
Sunday, July 15, 2012
Saturday, July 14, 2012
Thursday, July 12, 2012
Wednesday, July 11, 2012
Tuesday, July 10, 2012
Monday, July 9, 2012
Consolidation Day - Bad news and market holds
Consolidation Day, the markets are littered with bad news, but price holds in this supported range.
After this past week's abysmal news on the economy(unemployment numbers), corporate greed(Libor is fixed), and the monopoly game in Europe(Merkel has staying power), the S&P500 is stalling into the new week with a consolidation day. Consolidation is when the market is waiting for a leader to set direction or news to create direction. First, let's consider where the market has traveled. Day traders moved this market from 1300 to a high of 1375 the last week of June and high side consolidation through the Fourth of July week. Which as mentioned in previous post is a good time for a rally. A retracement of close to 40 points is normal. 1342 to 1349 has been an area of support and price has consolidated at these levels for the past three sessions. 1348.25 is the Point of control in this market and if Sellers can keep the close below this level we might see a test down to 1333 before the move up. Again, the S&P500 could be unhooking from the Euro. Normally there is a positive correlation with the moves of the Euro to the US Dollar and the S&P500. Or another way to look at it is as the Dollar index gains strength, the US indexes will go down. An inverse relationship. Earnings could set this divergence off, and as Earnings come in we could see the correlation drop between Euro and the S&P if Strong US companies with earnings generated in mostly US sales. We shall see. The closing will show a reversal on today's price action with a negative reaction pr [...]day trading course
Saturday, July 7, 2012
Friday, July 6, 2012
Euro collapse Dollar Strength Stocks weaken low volume
Euro collapse to 2 year lows, Dollar strenghthens, Gold fools the gold bugs and US stocks looking at a low volume rally.
S&P500 emini futures hourly chart showing price stucture weakening on this low volume rally. Is the Euro Collapse inevitable? We shall see. It definitely effected market players this week. Or shall we say the market players that weren't on vacation. Swing traders showed no strength coming into the Friday session as price broke below the 50 Moving average and then could not recover. A welcome three day rally as most market makers are not playing. Smart money is moving on the side and taking profits on this move up. 1375 was our projected high side resistance this week with support coming in at 1361 for direction. The sellers were able to move through support at 1361 and 1352.50 to move to the 200MA at 1343.25 where our projected support for this move up came in. Watching for this to retrace up to 1352.50 for the close on a weak volume rally as investors are looking for a place to get in on this move.Best day trading course - click here
Sellers are shying away from the Futures and looking at a buy into the 4th of July week. Watch for them to come back next week.
Seems the S&P500 is not really selling the news on the unemployment as this small retracement was bought back up. We could watch this consolidate as market makers come back next week. Earnings are coming out this next week and would expect some financials to actually benefit from all the Libor fraud. Those that didn't participate can get in a class action against the banks that did commit the fraud. Too bad no one will get arrested. Biggest mistake in the creation of a [...]
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