June 11th, 2009

Quote of the Day

"Think enthusiastically about everything; but especially about your job. If
you do, you'll put a touch of glory in your life. If you love your job with
enthusiasm, you'll shake it to pieces. You'll love it into greatness."

Market Commentary
We opened our live trade room this morning @ 730am and we followed the same
routine as we always do…

Step 1: Identify the Market We See

Step 2: Adjust to what we see

Step 3: Execute trades according to our mechanical trading rules

We opened the day with a losing trade on the DAX (FDAX), which costs us 12.00
points on the DAX. This trade was a counter-trend trade set-up that we call the 2-
step pattern. We made the right trade decision, but we just barely got bounced out
of the market due to an extra-tight stop that was used of 4 points due to the low
volume price action in the markets this morning.

Losses happen, and we had to then focus again, and look to take the next qualified
trade opportunity…

Our next trade opportunity came on the EURO (6E), and this time we didn’t miss a
tick! We enter this trend-continuation trade just after price broke into a pre-
determined trade ‘zone’ that we defined at 730am EST this morning, and this
winning trade made us ALL the money back and put us in the GREEN for the day!

We will be looking to improve on this PNL position this afternoon…more to come!

Did you know that our LIVE TRADE ROOM opens at 730am EST every day?  Come watch us trade 6 different 
markets LIVE in REAL TIME!

Want more info?

http://www.SchoolOfTrade.com

Market Profile Value Areas for Tomorrow

Stock Index Futures (EUREX & E_Mini)
FDAX (DAX): 5115.50 / 5070.50

FESX (EUROSTOXX50): 5115.50 / 5070.50

ES (E-MINI S&P): 949.25 / 941.75

YM (E-MINI DOW): 8789.00 / 8742.00

NQ (E-MINI NASDAQ): 1508.25 / 1497.75

TF (MINI RUSSEL 2000): 529.10 / 524.90

Currency Futures
6E (EURO): 1.4177 / 1.4047

6B (POUND): 1.6624 / 1.6480

6J (YEN): 0.010273 / 0.010201

Grains/Ags Futures
ZS (SOYBEANS): 1132.00 / 1121.50

ZW (WHEAT): 633.25 / 624.75

ZC (CORN): 454.00 / 450.00

Commodity Futures
GC (GOLD): 963.10 / 949.50

CL (CRUDE OIL): 73.03 / 72.13

ZB (30-YR BONDS): 115.562500 / 114.031250

The School Of Trade™ was created on a strong foundation of

technical & emotional discipline. We use exact entries with high-
percentage trade set-ups along with low-risk account
management techniques. The School Of Trade™ & the James
Wave Trading System™ is committed to meeting our member's
changing needs in this dynamic trading environment by providing
ongoing education and specific trader development.
School Of Trade Client Support Team
Sales@SchoolOfTrade.com
480-503-8298