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Monthly Archives: August 2011
August 1, 2011
- in Uncategorized by schooloftrade
Biggest Profit of the Summer, 360 ticks Inside day on Crude Oil
Monday morning are a little slower than other days of the week, and summertime Monday’s are even slower b/c we assume traders are distracted as they come back to work on Monday morning. I trick my mind/emotions this morning by telling myself that my goal is getting into the rhythm, rather than taking big winning […]
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- in Uncategorized by schooloftrade
Debt-Limit Agreement Likely to Pass, Republicans Say
Republican leaders and the Obama administration voiced optimism that Congress will pass a compromise plan to raise the U.S. debt limit by at least $2.1 trillion and slash federal spending by $2.4 trillion or more. The House plans to vote today on the agreement after a months-long struggle over raising the $14.3 trillion debt ceiling […]
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Trade the News Market Internals Update at 15:30ET
Dow -67 S&P -9 NASDAQ -18 ***Economic Data*** – (PE) Peru July Consumer Price Index M/M: 0.8% v 0.3%e v 0.1% prior; Y/Y: 2.9%e v 2.9% prior; Wholesale Prices M/M: 0.3% v 0.3% prior – (CZ) Czech July Budget Balance (CZK): -61.1B v -62.9B prior – (BR) Brazil July PMI Manufacturing: 47.8 v 49.0 prior […]
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Day Trading with Economic News and How they affect the markets we trade
Day Trading with Economic News and How they affect the markets we trade: NonFarm Payrolls (the biggest, most important) GDP: always a disappointment FOMC Day Announcement: when they meet FOMC Meeting Minutes: they share the notes they took in that meeting. Market Impact = US Dollar (HIGH) Trade Gold & Currencies when the dollar moves […]
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Day Traders walking on eggshells as law makers look to approved the debt deal today
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – US debt deal reached but plan still needs to be approved by both houses in Congress (expected later on Monday) – Market participants await the rating agencies view of the US debt agreement – PMI Manufacturing data in Asia and Europe registers two-year […]
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