Identify the Highest Percentage Trades with this Simple Technique

Identify the Highest Percentage Day Trades: –          High Percentage Pattern –          High Percentage Location –          High Percentage Time of the Day Step 1:  Learn the 3 price patterns –          Breaker –          Wave –          2Step Step 2:  Use Multiple Timeframes –          Slower timeframe o    anchor chart o    bird’s eye view of the market structure o    89range […]

Gold makes new highs and Crude Oil tumbles as traders head into OPEX Friday

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— GoldFutures continue to make new all-time highs as traders seek shelter from falling prices elsewhere. CrudeOil tumbles again this morning, looking for a 4th week in a row in the red  ————————————————————————————— Today’s Economic News: Looking at the news this morning, today is OPEX, and […]

Bull Price Channel Fails; Crude Oil and Mini Russell help us hit our daily goal

We thought today might be contract rollover on crude oil, however the volume is still higher on the 09-11 contract.  We will roll forward to the 10-11 contract when the volume exceeds the 09-11 contract. On days like today where we’re ‘sharing volume’ with the 10-11 contract we don’t really worry about which contract to […]

Obama imposes sanctions on Syria’s petroleum industry

US President Barack Obama Aug. 18 signed an Executive Order imposing additional sanctions against Syria’s government, freezing any of its assets in the US, and banning the import into the US of petroleum or petroleum products of Syrian origin. “This EO…bans US imports of Syrian-origin petroleum or petroleum products; prohibits US persons from having any […]

Largest US Non-Financial Companies…surprised to see these names?

Apple, the maker of the iPhone and iPad, briefly overtook Exxon Mobil, an oil conglomerate, to become the world’s most valuable company by market capitalisation on August 10th. When debt is included, it is General Electric (GE) that takes top spot as the world’s largest non-financial company. GE’s size is skewed by its large financial […]

Trade the News Market Internals Update at 12:00ET

Dow -445  S&P -50  NASDAQ -115 ***Economic Data*** – (BR) Brazil Aug FGV Inflation IGP-10 M/M: 0.2% v 0.2%e – (PD) Poland July Sold Industrial Output M/M: -6.0% v -4.3%e; Y/Y: 1.8% v 3.5%e – (PD) Poland July Producer Prices M/M: 0.4% v 0.2%e; Y/Y: 5.9% v 5.7%e – 8:35 (US) Fed’s Dudley to speak […]

One of my favorite trading tools; Swing Highs & Lows

Higher Highs & Lower Lows Higher-Highs (swing highs) are when price makes a new high and then pulls back no more than the original high. Lower-Lows (swing low) are when price makes a new low and then retraces up no higher than the previous low. What does this mean?  Tell us? –          Swing high tells […]

Emini Russell Futures falling off highs, look to buy support below

Crude Tumbles & Gold jumps on Weak News from Europe; traders prep for Jobless Claims

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— Gold Futures head back to all-time highs on global slowdown and more fear from Europe Crude Oil Futures tumble on weak news from Europe and fear of less demand globally Euro Futures fall off their mid-term highs from Wednesday on lackluster jobs numbers  Global News… […]

Plan your trades, and trade your plan; Crude Oil helps us hit our daily goal

Today is Wacky Wednesday, which is the Wednesday before OPEX Friday, which is the 3rd Friday of the month (unless the 1st day of the month is a Friday) Today is Wednesday and we have crude oil inventories today, which means we need to pay close attention to the 3 Phases of Crude Oil Inventories. […]