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

Day trading course S&P500 day trading tips 60 min chart

Day trading course S&P500 day trading tips 60 min chart Price action on the S&P500 emini futures contract. [caption id="attachment_3670" align="alignleft" width="286" caption="Day trading course "][/caption] The S&P500 emini has moved up on decreasing volume.  When volume decreases after a move up we will normally end up in a consolidated range. The only low volume moves that we experience is in the after hours when many of the supports and resistances have been tested making it easier to move through in Regular trading hours.   The point of control is at 1331.25 and as of now sellers are in control.  Watching for support to come in at the 50MA 1328.50 with more support just under this in a small congestion zone to 1327. Continuing support at the swing low at 1323.75 then 1320 area on the red 200 MA.   More Resistance will come in at the point of control on the way back up and at previous swing high levels around 1336-1338.  If we see a break of this swing high then our next resistance will be coming in at 1341.  After this we are looking at a longer term extreme high of 1356.25 to 1362.50. A quick trading tip for any of you fighting a cold or just feeling down.  Stay out of trading.  It will be an expensive lesson for you until you are better.  Remember 90% of this is the psychology of using your edge in this market place.  If you are sick or feeling down, it is better to get healthy so you can use your edge. Trade what you see. Day trading course in Calgary April 16 - 18 , join us.  

S&P 500 day trading course

Day trading course S&P500 Friday Closing targets

Day trading course S&P500 Friday Closing targets [caption id="attachment_3665" align="alignleft" width="286" caption="day trading course approaching support"][/caption] S&P500 emini futures contract going into the  close.  Buyers were in control for most of the morning with a nice upswing to just below previous highs. I am watching for this to test down to the 1324.50 area one more time before the close and then to move back to the point of control. Point of control is 1329. support at 1323.75-1324.50 then 1321 and 1315 and extreme low of 1308.25 Point of control will be initial resistance.  Watch for swings between 1324.50 and 1328.5 this is the area where the market makers will shark you out of your money looking for a break out.  More than likely will be a head fake. Last 15 minutes to have volatility as the boys who can't get home early are taking last minute buys and sells.  Could be a little crazy. Look for a close under 1330. We shall see. Have a great weekend, will post new levels on Sunday night. April 2nd will have a free trading meeting in Toronto.  Join us.  

S&P 500 day trading course

Day trading course S&P500 day trading tips

Day trading course S&P500 day trading tips [caption id="attachment_3661" align="alignleft" width="286" caption="Day trading course S&P500 day trading tips charts"][/caption] Consolidation day.  As mentioned in yesterday's daily chart.  Watching  for price to bounce back and forth in the Congestion Zone from 1320-1326. Watch for short term head fakes, break out trades could be difficult. 50Ma is coming in adding support........... Day traders are watching this area and seeing no distribution.  Support coming in t 1315 then 1308  and again at 1302. Point of Control is 133.25 Looking for a few more tests on the 50 with a break to the supporting trend line then a move up to new highs. Ireland is reporting on their banking situation before noon.   Could impact the markets.  More than likely it will be blown over and not noticed. Trade what you see.  Remember to watch the bullish channel supports and don't get caught in head fakes. Day trading course in Calgary, Edmonton and Toronto coming up.

S&P 500 day trading course

Day trading course S&P500 day trading tips daily chart targets

Day trading course S&P500 day trading tips daily chart targets [caption id="attachment_3656" align="alignleft" width="233" caption="day trading course S&P500 daily chart"][/caption] Off of the previous swing low we see price failure and a move up to 1393.  We are seeing a series of bull flags that are pushing us to previous swing highs. 1315 was the daily point of control and buyers have taken this away. We are on our third leg up of this move from 1240 and looking for some consolidation 1320-1328.  Could be choppy tomorrow. Support at the POC. Volume is slowing down again on this move up.  WE are closing the day at 1.5 million contracts.  A lot of the movement (buying) is occuring in the after hours session. We had capitulatory volume on the S&P500 emini on a 4 million contract day which signaled the end of the sellers in the mid term continuing the move up. Bernanke has more time on his QE2(3) and funds headed into the market until June.  If so the extention to 1410 would fall in line with this pattern.  We have some rough patches to go through as Oil goes higher and the US consumer deals with price inflation with food going into this summer. 80% of the economy is consumer oriented, price inflation will cause a decrease in overall consumption especially as gas prices increase.  Yesterday I filled up at $4.06 a gallon.

S&P 500 day trading course

Day trading course NY close targets hit. Day trading tips.

Day trading course S&P500 day traders. [caption id="attachment_3652" align="alignleft" width="286" caption="Day trading course S&P500 day traders tips "][/caption] Day trading course levels from earlier this week as targets were hit and support and resistance proved remarkable to hold these areas of consolidation. Our Point of control was 1305.75 with a break out with buyer control over 1308.  Our resistance into the close was 1314.75. Day trading volume was low today.  So another sign of POMO money and the invisible hand of the Fed. Will post another set of charts with new point of control this evening.  Please subscribe and you will get it automatically to your in box. Trade  what you see.  Remember the market prices in most news before it is released so what you hear the pundits say after most market moves is nonsense. Let the news go.  

S&P 500 day trading course

Day trading course - Focus on what works.

Have you spent time thinking about what went wrong and why some thing occurred? For every minute you spend thinking about those things, spend 5 min thinking about what is working and what are the nuances behind that success. Journal, meditate, run and sing about it if you have to, but focus on what is working and what it gives you. What you focus on expands. It is easy for the critical mind to gather your focus on what isn't working. It takes a disciplined mind to work on what is giving you Mastery. It is what you do well that pays you. We will be having the "Motion of Mastery" advanced trading session in Calgary April 19. This is a break through process on Mastering which applies to anything you do. You will experience the process of Mastery and be able to see where you are in the process at any moment. We will also apply this to price action and your business strategy. Check out the charts on http://www.tradingonlinemadeeasy.com and http://www.moneymakeredge.com/blog , this is there for you to use, to see different perspectives on price action. Remember, always let the trades come to you. [caption id="" align="alignleft" width="616" caption="Cutting a fast pitch Baseball in half. Day trading."][/caption] This is a Japanese swordsman cutting a fast pitch baseball in half.  Wouldn't it be nice to have a little Mastery?  

S&P 500 day trading course

Day trading course chart on move to support day trading tip

Day trading course S&P500 emini futures day trading course tips watching as 15 min chart approaches support. [caption id="attachment_3639" align="alignleft" width="286" caption="Day Trading Course 15 min chart support target"][/caption] The S&P500 has broken through the consolidation zone on the 15 minute chart as mentioned this AM. 1310 was the supporting trendline break with a further move to the supporting trendline.  1304 is the down side target then 1294 as an extreme low. 1300 is an area of we could see some support as the bulls don't want this to close below.  Maybe the invisible hand of the fed will step in to get us back on track. 1304 will be on the horizon soon. Trade what you see.  

S&P 500 day trading course

Day trading course S&P500 day trader tips 240 min chart

Day trading course S&P500 day trader tips 240 min chart with Point of Control and support and resistance on the 240 min S&P500 emini futures day trading chart. [caption id="attachment_3635" align="alignleft" width="286" caption="Day trading course S&P500 day trading tips POC"][/caption] The S&P500 emini futures contract is in a consolidation zone from 1308-1314. The point of control is 1312 with buyers in control above here and sellers in control below here. The first level of support we are seeing is at 1309 then 1304 which is just under the 200MA. The next area of support is at 1294 and then 1279.75. It would not be unusual to test down to 1294.75 vefore a larger move up to 1331 and a double top at 1338 (previous contract level of 1342. We hae resistance at 1316 for a break out to new highs to 1322.50 and then a move to 1331. Remember with QE3 in full effect and the purchasing of Bonds we are going to keep seeing support in the market.  The invisible hand is giving us lift even in this low volume environment.    Don't be surprised to see new highs coming in through April. We will be having a day trading course in Calgary April 16-18 with an advanced trading day on the 19th.  Our course has many high impact learning activities that will give you the edge to trading the markets.  Join us.  

S&P 500 day trading course

Day trading course Calgary day trading course April 16-18

[caption id="attachment_3628" align="alignleft" width="251" caption="Day trading course Calgary day trading course "][/caption] [caption id="attachment_3628" align="alignleft" width="251" caption="Day trading course Calgary day trading course "][/caption] Day trading doesn't have to be an all day affair. Our Day traders learn how to trade about 15-45 minutes a few times a week. Most day traders spend too much time focusing on the holy grail, the "answer" to trading and making money in the markets.  The Money Maker Edge gives you new tools to take profit out of the market. How  would you look to have some new tools that can get you to take more action in your life?  How would you like to be able to take risks and stay in the game with a higher energy and know that you will be able to play again and again. The Money Maker Edge day trading course includes the high impact interactive activity Run A Risk.  This is where you will learn about how you participate, how you let your outcomes control you and see new ways to approach the game you play in life, in money, and more.  This is a key to changing your Risk paradigm from waiting, to doing.  You will be able to see tha [...]

S&P 500 day trading course

Day trading course S&P500 day traders tips Chart

Day trading course S&P500 day traders tips Chart updated chart for the S&P500 emini futures market. [caption id="attachment_3622" align="alignleft" width="297" caption="day trading course S&P500 day trader tips"][/caption] Watching for this to break through1315 for the test on 13 21 and then a continuation to 1330.  the point of control was 1305.50 Today is a POMO day.  Fed buying treasuries today so expecting to see a low volume lift. More than likely will consolidate around 1314-16 until we see some commitment. The resistant trendline is also coming in at 1314-16 so once we see if the day traders are going to buy or sell is the key. Watch for this to get a bit of price failure through here.  If that is the case then support will be at 1305.50 then 1302 and then an extreme low 1296.25. Might see some volatility at 3:00 and at the close.

S&P 500 day trading course

Day trading course S&P500 day trading targets

Day trading course S&P500 day trading tips looking at the S&P500 emini futures contract targets. [caption id="attachment_3617" align="alignleft" width="297" caption="day trading course day trading tips daily targets"][/caption] WE will hit a bit of resistnace around 1302 and see some consolidation before a break to 1305.75 on the 200MA. If this rally continues with some increasing volume day traders could take this to 1313.75 and then next resistance of 1318.75. The inverted head and shoulders could play out to 1330 where we will hit resistance and then a target of 1342 as the previous swing high.  As mentioned on the monthly chart previously if we take out the 1365 area. Day trading targets in green with support in Red. Buyers are in as we are above the POINT OF CONTROL at 1297.50. Dollar is getting creamed on this one as Europe is controlling their Money supply with Interest rate hikes.  The shine of the Dollar is wearing off. [caption id="attachment_3618" align="alignleft" width="236" caption="Day trading course dollar index reversal to new lows"][/cap [...]

S&P 500 day trading course

Day trading course S&P500 weekly chart Day trading

Day trading course S&P500 weekly chart Day trading watching the S&P500 emini futures contract on the weekly chart.  Day traders are watching these levels and taking a break today after the past few days of movement.  We had a very low volume cross the board. [caption id="attachment_3610" align="alignleft" width="300" caption="Day trading course S&P500 weekly chart Day trading"][/caption] Watching 1278 to 1301 as a congestion zone on the weekly.  This is framed by two points of control. If day traders sell this below 1278 then the sellers will be in control.  If day traders buy this through 1301 with a close on the weekly then the buyers will be back in control. The 50 Ma is moving up and pretty close to crossing 1200.  This is a great area of long term support.  If price goes through here we would be looking for a sell off. We have resistance comin in at 1327 and also at the previous swing high of 1342. Watch out on the news as Japan, Oil, Libya, Egypt and Europe credit spreads could be cycling through the market. We have had our eye off the ball as the international news has kept us from focusing on the larger picture of our Money Supply and the crazy antics of our Keynesian Money party.

S&P 500 day trading course

Day trading course daily targets S&P500 day traders

Day trading course S&P500 day traders targets on the 240 min chart.  S&P500 emini futures contract support and resistance. [caption id="attachment_3606" align="alignleft" width="300" caption="Day trading course targets S&P500 day traders"][/caption] Our call for a rally on Monday was right on the nose with all targets filled on this move up from the point of control at 1285. The S&P500 day trading course has set targets for resistance at 1294.50, 1299.25 and 1308.25 just above the 200ma, for an extension of this AM move up. Day traders can see we have support in at 1289 then, 1285 on point of control and 1281 on a retracement from the swing low at 1272. If buyers are losing commitment on this move up we could see some of these support targets coming on. Japan's market is closed on Monday for a National holiday so some of the volatility will be out for the day.  Watch in the evening as the Nikkei opens and we could see some movement on the S&P500 futures contract on the low volume.  Watch out. Don't get caught in an after hours open if there is move bad news on the reactors.  There are a lot of speculators that looking for Japan and Insurance companies to bring dollars in to pay for the destruction so Market Makers are hammering the YEN.  Central Banks are stepping in, but futures market in Yen is getting hammered with large holds against the currency.

S&P 500 day trading course

Day trading course price targets S&P500 day traders

Day trading course S&P500 day traders price targets on the S&P500 emini futures Friday mid afternoon session. [caption id="attachment_3603" align="alignleft" width="300" caption="day trading course targets friday mid session S&P500"][/caption] We are still in a bearish Channel and have yet to test the resistant trend line.  We have moved through a 61% retracement and are looking for closing targets around 1285 on the upside or 1272 on the downside. Day traders have consolidated the price action around 1278-80  with some price failure to the upside. The commitment of buyers at this time is weak and might need to retest the support at 1272-1270 sto then make a move back up on Monday or Tuesday this next week. Remember financials are not connected to the economy when corporations are cutting back inventories and employment.  They are moving inverse to the general economy. Forget the news and watch the technicals. The 50ma is coming in tat1286 area and will act as a bit of resistance at this point. European day traders and Asian Day traders are closing their sessions.  Expecting a run up into the European close to close on some of the open gaps. Lots of volatility playing out here as Libya, Saudi Arabia, Armenia are approaching their governments to create democratic freedom. Hats off to the men fighting the reactor meltdowns in Japan, they are risking their lives for their country.  

S&P 500 day trading course

Day trading course weekly chart S&P500 day traders

Day trading course weekly chart S&P500 day traders.  The S&P500 emini futures ran up 30 points in the over night.  Amazing we get this kind of low volume move in the after hours. [caption id="attachment_3599" align="alignleft" width="288" caption="Day trading course weekly chart S&P500"][/caption] The weekly chart of the S&P500 shows us a very clear continuation pattern of the Inverted head and shoulders. Have added a Fibonacci retracement on this swing up to gauge the move down. You can see some major support on the weekly chart around 1210-1215 with the first area of support coming in at 1262.  The weekly is presently showing some price failure in this area which could indicate that this down side move will turn.  We practically touched the Supporting trend line with this price failure. A pattern to look for will be on the opening of next weeks bar, if the candle stick stays within the real price of this weeks candlestick and  test and retraces to 1300, then we might see test to the top.  This could give us a double to in a few weeks. Quantitative easing has not yet ended, so watch out.  Don't get a crush on this down side.  A lot of traders are ignoring the charts and are trading what they see in the economy and getting squeezed out. Remember, the technicals and forget the news.  You don't have to trade the extreme volatility to make money in this market. If you are feeling left out, then you better refer to your business strategy and your quantified results.  Sitting out during this high volatility could save your acc [...]

S&P 500 day trading course

Day trading course S&P500 long term targets chart

Day trading course S&P500 emini futures longer term charts looking at support and resistance. [caption id="attachment_3594" align="alignleft" width="300" caption="Day trading course long term targets S&P500 day traders"][/caption] Support has come in at 1243 which was previous extreme low.  Next extreme low coming in at 1210.  If we break to these levels and stay below 1265 then we might start the second of three legs down with 80 more points down targeted from a retracement. 1259 is a key price for buyers to get back in control of direction. We shall see in after hours this evening as Asia markets open and the Nikkei sets the tone.  Remember after hours there is low volume and some times there is alot of volatility on news. Seems like Europeans are basically pointing the finger towards Japan so no one will notice all the problems there.  A little misdirection. There will be a bit of resistance at 1252-55 and then 1269 and 1275. Day trading course in the S&P500 emini futures. Trade what you see, and watch out for the news.

S&P 500 day trading course

Day trading course Challenging support S&P500 chart

Day trading course, S&P500 emini futures are challenging the support as sellers move back in.  We consolidated at the lows during lunch as sellers make a weak attempt at breaking support. [caption id="attachment_3586" align="alignleft" width="289" caption="Day trading course sellers challenge support"][/caption] Looks like a break of these lows will be coming on with this sell off. next stop 1247. 1239 extreme low. Watch  for the volatility.

S&P 500 day trading course