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Monthly Archives: August 2011
August 16, 2011
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34range of Crude Oil Futures
Bull Channel Inside Day Major Support 84.62 trading around the BMT…sloppy.
Continue reading August 16, 2011
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Traders Prepare for Key news this morning while Crude Oil and the Euro tumble on growing demand concerns
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Gold Futures rise this morning on fears of global slowdown – Crude Oil Futures fails to break into the 90’s as traders bet on more slowdown for the global economy, meaning less demand for ‘black gold’ – Russell Futures pulling back to major support, […]
Continue reading August 15, 2011
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3 Clues day trading crude oil made it easy to hit our daily profit goal
Today is a summer Monday so get in early, be selective and patient as this week opens up and then watch the clock after 11am for the volume slowing down ahead of lunch. Monday’s are good for the Golden Lunch, but not in the summertime. Crude Oil Futures: – 89range chart shows us a bull […]
Continue reading August 15, 2011
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Who’s in control of Oil Prices? Is it FEAR or OPEC?
Energy prices generally dipped lower Aug. 12 ending a 2-day rebound, but US crude remained above $85/bbl in the New York market. James Zhang at Standard New York Securities Inc., the Standard Bank Group, said oil remained “broadly flat” on Aug. 12 “on reasonable US retail sales data but sharply declining consumer confidence.” Zhang said, […]
Continue reading August 15, 2011
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Hard vs. Soft Profit Targets
Hard vs. Soft Profit Target Hard Target = the most important level of support and resistance we have off our 89range charts. Soft Target = minor level of support and resistance, found on your 34range chart. When do we use a hard target rather than a soft? Or vice versa? When i take a long […]
Continue reading August 15, 2011
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Day Traders Prep for Key Manufacturing and Housing News
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil Prices tumble ahead of Important Manufacturing Index news this morning – Gold Futures tumble as traders place their bets on the US Dollar Index strength, Equities rise across the globe this morning – Some normality returns to the markets in today’s session […]
Continue reading August 12, 2011
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100 Ticks Day Trading Gold Futures; Crude Oil Futures made us work for our daily goal
Summertime Friday means we need to very selective with our trades and watch the clock b/c the volume will dry up after 1030am Crude Oil Futures: · 89range chart shows a bull and bear channel · We use the bull channel first, buying pullbacks with new highs and buying at support with price dropping to […]
Continue reading August 12, 2011
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Trade the News Market Internals Update at 12:00ET
Dow +74 S&P +3 NASDAQ +7.4 ***Economic Data*** – (IC) Iceland July Unemployment Rate: 6.6% v 6.7% prior – (PD) Poland July CPI M/M: -0.3% v -0.1%e; Y/Y: 4.1% v 4.3%e – (PD) Poland July M3Money Supply M/M: 0.2% v 0.2%e – (US) July Advance Retail Sales: 0.5% v 0.5%e; Retail Sales Less Autos: 0.5% […]
Continue reading August 12, 2011
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Day Trading the 10:30 Price Reversal
10:30 Reversal: 10:30 Price Reversal Theory The 10:30 reversal is something that occurs in every liquid market, and has to do with the specific types of PEOPLE that are trading these markets throughout the US morning session. Small retail traders, big-money paper traders, and everyone in between all work together to make this trading pattern […]
Continue reading August 12, 2011
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Crude Oil and Gold look for exciting close to a profitable trading week
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil looks to finish a third straight week in the red as demand concerns build with more volatile markets – Margin calls and profit taking spoil the rally on Gold, sending it lower into the weekend – US Postal Service is considering laying […]
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