Saturday, February 11, 2006

Use the news


You can use the news to help you trade different setups. For the futures, you can get the pit noise and the broadcaster giving the play by play before you even see the quotes on the T&S. Use www.tradethenews.com. You need to do your homework for the trade before the open. Identify current trend and S and R zones. Know what news is pending and be ready to react. Get a traders calendar. You can use Camtasia Studio to record live trading to analyze where you would place your trades in case you couldn't watch for the paticular day.

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