Day Trading Course, Positive Eurozone auctions boost Euro while FED extends near 0 interest rates to push Gold.

This week better than expected US equity earnings were offset by poor economic data.  Weak GDP in both the US and the UK, showed that final demand from the consumer is still relatively weak.  Supported by the ECB’s supply of low cost funds to European banks, positive auction data in peripheral Europe helped European bourses remain on the offensive. And the FOMC surprised investors by keeping rates low and extending the date that they will remain close to zero. FOMC and Earnings Drive Riskier Asset Sentiment. The dollar is broadly weaker for most of the week with European markets holding on to a better risk backdrop following another encouraging Italian auction, along with hopes for a Greek debt deal.  However, Portugal and Spain still remain a concern with Portuguese yields on the rise and Spanish retail sales and unemployment disappointing expectations. Discussions between Greece and its private sector creditors over a 100 billion Euros debt write-down edged towards an agreement, with bond holders seemingly willing to accept lower yields on their future holdings of Greek debt.  The two sides were discussing a deal that would see Greece pay an average coupon below 4% on newly issued Greek debt.  A deals would allow the EU to move closer to fiscal unity. On Friday, the US released 4th quarter GDP which increased by 2.8% annualized. Output was driven  by consumption, net external trade and inventories, with consumption boosted by the increase in real incomes as abating prices pressures should marginally boost real incomes.  Expectations were for an increase of 3%, which was slightly disappointing. On the earnings front, the US witness better than expected numbers from a number of large cap companies.  Caterpillar, 3M and Apple all showed much better than expected earnings.  Aplle beat expectations handily, selling more than 37 million iPhones.  Apple also surged with its sales of its iPad, selling 15.43 million units, which was 4 million more than it sold in the previous quarter. Apple sold 5.2 million Mac computers, beating its mark of 4.9 million. The FOMC took center stage mid-week by keeping rates unchanged and extending the time frame of when rates could change to the end of 2014. This initially helped riskier assets rally, which seemed to be relatively short lived.

The Euro Tests Resistance The EUR/USD was able to break through the 20-day moving average as investors moved into riskier assets.  The currency pair tested horizontal trend line resistance near 1.32, twice before profit taking pushed the currency back. Support on the currency major is seen near the 20-day moving average near 1.30, and then again at the 50-day moving average near 1.2850. Gold closes 4th week of gains Increasing liquidity from the FOMC pushed gold prices above resistance near 1680, on its way to 1730.  Momentum in the yellow metal continues to move higher, with the 20-day moving average crossing above the 50-day moving average. Target resistance for gold prices are 1750.  Support is seen near 1650.

Day trading course will be in your area soon, join us for Day trading education.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

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S&P 500 day trading course.  Money Maker Edge day trading course is coming to Corona, California on November 4-6. Two days live training and one day live day trading.

Have you noticed that most investors have ended up being a victim of the markets? If you have ever been intrested in controlling your own finances and not leaving your investments in others hands, join us for a three day live training seminar in Toronto, where you will learn how to get back financial control of you r investments.

Our live training is a small group of  6-8 traders in the S&P 500 emini futures.

We will be covering:

• Business strategy –  easy to use template that we will help you with every quarter to stay on track takes less than 5 minutes.
• Money Maker Edge Trading Code, a group of trade rules to follow.  This is the base for every trading day.
• Money Maker Edge Trade Journal – Recording and quantifying results and keeping.  So you can rely on what you did versus what you think.

S&P 500 day trading Journal

S&P 500 Day Trading Journal

• Precise Entry points – learn where to get in.
• Price and Direction – see as the market maker sees.
• Trade Strategy that keeps your from taking the trades that cost.
• How to set daily, weekly and monthly targets so you trade less and make more.
• When to trade and when not to trade.  The exact times.
• Trading plan – to match your schedule.
• How to let the trades come to you.
• Trading with targets and how to manage risk.  The difference between an investor and a Money Maker.
• How to get your income, wealth and freedom trading.
• How to spot the highest probability trade and when to look for it.
• Mastering your strategy – learn to see how you trade and make your strategy to fit your trading type.
• How to be responsible for your trading and level of choice in the market.
• Money Maker Edge trade settings  - How would you like to know specific times to trade and not to trade.
• We will train you to understand and set your personal responsible trading practices.
• The working s of the market  and how to use these to your advantage versus being taken advantage of.
• The difference between direction and hope.

How to enter the trade and minimize risk so you don’t throw your money away.

We are including a trade journal, the trade manual with the Money Maker Edge methodology, and membership to our trade room where you trade live with other profitable traders.

You don’t have to trade alone. The Money Maker Edge S&P 500 live room’s participants normally trade for an hour to an hour an half during the market.   This room is open to anyone that has had the S&P 500 day trading course and most  reach their daily goal in under and hour.  This trading room helps re enforce the trading methods we use and makes it easier for the beginning trader to see the trades and make better choices. This is open to all traders that have completed our course.

BONUS: On the second evening we will be training you in The Financial Wall(TM) - breaking through to financial freedom. This activity has empowered many to break free from their restrictive money games.  For many, it is the first time they will be able to choose how to play their money game.

If you have any questions or For more information call Joel at 866-640-3737

S&P 500 day trading course for S&P 500 emini futures. Online and live trainings with a live trading room giving day traders a system and support. Trading with a group of profitable traders. Emini futures course focuses on trade mastery and practice

S&P 500 day trading course levels on daily and weekly chart.

Trading opened today at 1082.25, up 13.5 points from yesterday’s 1069.75 close. We traded down the early part of the day to our low of 1077.75 by about 10:30am market time, then started with higher lows for the rest of the day. The high came in at 1089.75 around 3:30 then relaxed a little to close trading at 1088.75, up 20 points from yesterday’s close. Day time trading gave us a range today of 12 points while the gap at 1069.75 was left open for today.

S&P 500 day trading course, levels of support and resistance. Live trading room with Joel Wissing.

Extreme high 1027.75
Extreme low of 973.75

Point of control 994

We slowed down to a crawl today with a very tight and range bound trading day. Volume dropped off to 1.9 million today after yesterdays 3 million plus. Hopefully the market will face the piper on some of the valuations in equities and get this cleaned out in the third quarter. September is known as the worst performing month on the indexes and it has basically started off with the kind of direction to propel the markets lower. Lots of support here, but for how long?

Join us in Montreal for a live training on October 3-5 with 1 day of live trading and 13 weeks of the live trading room.

The S&P 500 has traded some 30 points to the upside through the overnight session.  Trading from the 1152 area all the way to test the 1185.

Looking at the daily chart with Fibonacci retracement lines on it we can see that this previous move has now retraced almost perfectly to 61.8% of the previous 210 point move up we witnessed through most of October.   Retracement targets for this current move include 1170.00, 1189.00, 1200.00 and 1210.00.

Day Trading Course teaches methods for targeting, riskmanagement and finding precise low-risk entries.

Should this move change back to another move down, targets will include 1170.00, 1160.00, 1152.00 and 1146.00.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a day trading course, be sure you understand the risks involved in trading.

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S&P along with other equities markets fell yesterday on concerns of contagion of debt crisis to Italy.  The S&P fell some 47 points to close yesterday at the 1225 level of support.  Today could see a retracement of that move, or even the continuation.  Upside targets include1242.50, 1254.00, 1259.00, and 1273.50.  While the continuation to the downside could see prices move to touch 1222.00, 1200.00, 1194.50, and1180.00 over the next little while. 

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Day Trading Course, S&P 500

Day trading course focusing on the S&P500 emini futures support and resistance.

Day trading course looks at price and direction, the support and resistance and the direction of the market.

Yesterday’s trading closed at 1273.25. Afterhours trading saw price move slowly downward until 2:00 am when the bulls took over and price dropped to 1240.25 around 6:36 am. Today’s trading opened at 1243.25 and took us out of consolidation then further down in a bear channel which was already below the 200 moving average on the 15 min. chart.

Price dipped to 1236 (familiar territory). Then it moved bullish until turning around, reaching 1249.25 just before high noon. Price movement then broke the short term trend line downward, moving back into the channel and further, piercing the lower edge around 1222.75 just before 2:30. Price remained mostly in the lower half of the channel, touching and piercing the lower edge several times more until closing at 1225.75.

Will the bears or the bulls take over?

Today’s price movement could be a test to the next area of support around 1209. Could traders break 1200 psychologically? Could price move along to last year’s low of 1186? Or could this be a bounce up towards the next resistance around 1249 then on to around 1265?

Trade what you see! Happy money making! Marie May

Day trading course will be in your area soon, join us for Day trading education.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Day Trading Course teaches exact entries and exits to make the most profits with the least risk.  Come and join us for our next training!

Day trading course will be in your area soon, join us for Day trading education.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a day trading course, be sure you understand the risks involved in trading.

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Day Trading Course, S&P 500 Top side consolidation turns to top side break out?

Yesterday’s trading took us to test the bottom of our pennant formation on the 1hr chart as price dipped to test the 1236.00 area.  Then with an afternoon reversal and push back up, price managed to close back at 1257.25.  Overnight trading saw price test to the 1250 area of support, then continue trading upwards to test into the 1267.50 area early this morning.

Break of the pennant with test to support

Day trading course teaches how to see direction in the market.

Today’s price could see the test to our latest area of support, with another move to continue this move.  Up side targets intra-day will include 1267.50, 1273.00, with 1280.50 and 1288.75 as extreme high side targets.  Low side trading could see price move back to test the 1257.50 or 1250.00 area’s, with 1247.00 as an extreme daily low.

From a daily perspective a break to the upside here could see trading move towards the resistive trend line of the previous few months move. 1300 anyone?

area's of resistance ahead

There are two key area’s of resistance that we are moving towards.  The first being 1285.00, this area is the first area of major resistance on the move up, only about 20 points from where we sit now.  The next is the 1312.00 area.  Here we will see if we are able to break through and change this bear to a bull.  This is still a little ways away, and only if the 1285.00 area doesn’t slow things down.   However, in the meantime it does appear that the buyers are taking control in the short term once again.  Trade what you see, I’ll see you at the starting line!

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

Disclaimer: day trading is high risk, do your own work : The efficacy of both technical analysis and fundamental analysis is disputed by efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

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Day Trading Course, S&P moves into top side consolidation, learn how to trade stocks and futures.

Looking at the S&P charts we can see that we have moved into the top side area of this move now.  Price looks as though it will struggle between the 1250 and 1280 area for as much as a few days before finding the real direction.  Is the ralley over?  Will things turn and crash back into the low 1100′s?  Or will the rally regroup and continue into the Christmas season?  Hard to say.  Everybody out there has there opinion and fine reasons to support it.

Day trading course looks at price and direction, the support and resistance to the direction of the market.

I am looking at intraday today and see on a 1hr chart that this is turning into pennant trading formation.  We are trading a tightening range and waiting for the break out.  Area of consolidation today is between 1240 and 1257.  With a break through resistance we can look for the longer term upside targets of 1260.00, 1267.50, 1273.50, and 1282.00.  Low side movement could look for the 1232.50, 1227.50, and 1215.00 as targets.

The S&P500 emini futures is one of the largest professionally day traded markets in the world. Our Day trading course focuses on training you on how to see price and direction in the marketplace and how to leverage your strengths to take a profit out of the market.

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