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US Dollar Index trading plan Death Cross 2015

Dollar index trading plan


US Dollar Index trading plan

Dollar index trading planThe US Dollar index has a Death Cross (see previous article), this could be a turning point for the dollar or it could be a brief period of consolidation then a continuation to new highs.  Presently, price is at 94.90 area and has been moving down breaking a supporting trend line.   If the dollar index price closes below this area then we can look for a continuation to the next support at 94.255, the previous swing low, which could be support.  If sellers pick up volume we could see price test to 92.60.

The volume on the Dollar Index DX 12-15 is decreasing with a slight bump up on the daily as sellers moved in breaking the supporting trend line.  Take note that from the move down on August 21 we have  large capitulation volume sell off.  this topped 140,000 contracts.  average volume this past week has been 26,704 contracts and has been under the weekly average drawing it down.

Dollar index Trading Plan for late October through November 2015

Sell side to support through October, will be selling the rallies and shorting in to any continuations if meets risk criteria.  November, watching for a buy side opportunity after some sort of downside support or capitulation revealing the Market Makers levels.  November is typically a strong month for the dollar index, although last year we saw mostly consolidation.

China is also back from vacation and it looks like they will continue their own Quantitative easing program.  Their best interest seems to devalue the Yuan.  More on this later.

Outliers to watch for:  Ukraine has been quiet as the US has been played out of our unseating of Syrian Assad.  This could be a hot point as many international player have brought planes, boats and missiles to the game.  Europe, could see more unrest as immigrants fleeing the previously mentioned situation are thrown into the winter months and no place to live.  Demonstrations could be on the social menu both for better living situations, and those opposed to the refugee numbers moving in.  There are to many financial outliers to list as derivatives, ETF’s, credit swaps, and other financial products are soaring.

Next week, more on the catastrophe hedge, Gold.



Death Cross – October trading plan


Death Cross October Trading Plan October 2015. What is the death cross in Technical Trading?

The death cross is used in technical trading and occurs when the 50 moving average crosses the 200 moving average on a daily chart.  This can some times show a reversal of the general trend. The implication of the Death Cross is that we are switching from a long term bull market to the beginning of the bear market  Sometimes it can also show a correction for a further continuation of the major trend as we saw in 2011. Presently we are in the middle of this pattern and haven’t seen the break in either direction.  In this chart it could mean that we are in a start of a Bear Market.

Death Cross 2015 technical tradingWe’re focusing on a daily chart for the S&P 500.  Price action on the S&P 500 is in a consolidating range from 2020 to 1830. There is an 80 point range which buyers and Sellers have been pulling price around.   Price under the 50 MA has been very volatile.

In early September we experienced  the “Death  Cross” Where the 50 moving average has crossed the 200 moving average.

The Death Cross as a continuation pattern.

Technical Trading Death Cross 2011This happened four years ago, August 2011, where we had a similar pattern of a selloff with a consolidated  range where buyers and Sellers were fighting for direction and then after 4 tests down on the daily charts we passed through the 200 Moving average and then continued in The bullish direction of the market.  Once price broke through the 50 moving average and the buyers were in control price tested back to the point of control where support was found and then we continued back through the 200 moving average and on to new highs.

The Death Cross can be a reversal pattern or a continuation pattern.  Joel Wissing

The Death Cross typically means the 50MA has crossed below the 200MA signifying the emergence of the bear market.  This is where we will see a dominant selling of rallies until Market makers have flushed out the investors.  This will give Market Makers a new base to trade from as they start to accumulate at the lower price levels.

Watch for support and volume at the approach of the support and resistance levels.


Calgary Day Trading course 3 day trading seminar October 2015

Calgary day Trading course


Calgary, AB – Calgary Day traders announce 3 day trading seminar for October 17-19, 2015

Calgary day Trading course Calgary Day traders is inviting Joel Wissing to lead a three day Money Maker Edge™ trading session October 17 to October 19, 2015.  We will have two days of intense training and one day of live trading with a professional trader. The Calgary day trading course focus is to get fundamental skills for Mastery, you don’t have to trade alone there is 25 weeks of follow up in a live trading room included.

Calgary Day traders is Alberta’s largest group of traders which meets monthly. More information here:

Calgary day traders will Learn how to day trade in a small group of 8 traders in the S&P 500 emini futures.

We will be covering:
• Business strategy
• Trade rules
• Recording and quantifying results and keeping a trade journal
• Precise Entry points
• Price and Direction
• Trade Strategy
• How to set daily targets.
• When to trade and when not to trade
• Trading plan
• How to let the trades come to you.
• Trading with targets and how to manage risk.
• How to get your income, wealth and freedom trading.
• How to spot the highest probability trade
• Mastering your strategy
• How to be responsible for your trading and level of choice in the market.
• Specific times to trade and not to trade.stoc
• Responsible trading practices
• The real working s of the market place and how to use these to your advantage.
• The difference between direction and hope.
• How to enter the trade and minimize risk.

Join us for this amazing course. There is also a live support group which meets once a month in downtown Calgary.

Call 866-640-3737 FREE for more information. Calgary day trading course | 866-640-3737 |Calgary day traders learn how to trade and take money out of the markets.

Come participate in this three day event where you will experience one of the most unique high-impact learning environments offered. For many participants they will get a break through in the responsibility for their money. We have a highly interactive training with three amazing activities that will lock in your ability to transcend your walls, take responsibility for your money and work through the 5 competencies of a trader. On your road to mastery you will learn risk management and how to survive in the market place while managing your risk. You will be an active participant in your money management. This is one of the biggest stumbling blocks a trader will face, surviving their own learning until they can break into their own Mastery.

You don’t have to trade alone.

The Money Maker Edge S&P 500 calgary day trading course live room’s day traders normally trade for about an hour twice a week. for those that have taken the Calgary day trading course.

This trading room is open to all that have had the S&P 500 Calgary day trading course and most traders reach their daily goal in less than 45 minutes to an 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 Calgary day trading course.

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



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