Archive
Monthly Archives: October 2011
October 27, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals update at 12:00ET
Dow +245 S&P +27 NASDAQ +51 ***Economic Data*** – (SP) Spain Sept YTD Budget Balance: -€37.0B v -€30.9B prior – (GE) Germany Oct CPI Baden Wuerttemberg M/M: 0.3% v 0.0% prior; Y/Y: 2.8% v 2.5% prior – (GE) Germany Oct Preliminary Consumer Price Index M/M: 0.0% v 0.1%e; Y/Y: 2.5% v 2.6% – (GE) Germany […]
Continue reading October 27, 2011
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The Little Dollar the COULD; Afternoon Prep for Day Trading Crude, Russell, Euro and Gold Futures
We’ve had a tremendous morning session in our live trade room, here is our afternoon prep. Dollar index trading lower into the end of the morning and our plan remains the same. I am looking the dollar index to bounce off major support and when it does I will be waiting to sell the highs […]
Continue reading October 27, 2011
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Traders expecting optimistic GDP and Praying for better Jobless Claims data to get this market moving early
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – dollar index trading lower outside the range from Thursday, so we know this is a bearish market at this time. Bearish dollar index means bullish markets everywhere else so we buy pullbacks as the dollar index rises. Our hopes are that the dollar index […]
Continue reading October 26, 2011
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50 ticks per contract using the Dollar Index Correlation & Fast Track Method
800am EST This morning all eyes are on the EU Leaders Summit, where they trying to find a solution to this double-dip recession threat. Markets are trading in the middle of their range, and we can see they are looking for clues. 830am EST The euro currency futures is in the range from Tuesday and […]
Continue reading October 26, 2011
- in Uncategorized by schooloftrade
TRade the news Market Internals update at 12:00ET
Dow +44 S&P -1 NASDAQ -20 ***Economic Data*** – (IS) Israel Aug Unemployment Rate: 5.6 v 5.7% prior – (US) MBA Mortgage Applications w/e Oct 21st: +4.9 v -14.9% prior – (US) Sept Durable Goods Orders: -0.8% v -1.0%e; Durables Ex Transportation: 1.7% v 0.4%e – (BR) Brazil Sept Total Outstanding Loans (BRL): 1.929T v […]
Continue reading October 26, 2011
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Pivot Levels vs. Auto Levels Indicator
Trading w/ Pivots – Pivot is a technical level of support and resistance – Pivots are calculated many different ways, but the most common is using the Open, High, Low, and Close, and then using a mathematical formula to draw ‘pivot points’ on your charts. o This calculation is similar to how a Fibonacci calculation […]
Continue reading October 26, 2011
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All eyes on the EU Leaders Summit as markets come off their highs
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Dollar index trading at the lows of the price channel, and we have a perfect price channel structure all we need is better price action. We assume this sloppy price action on the dollar index is from the EU Leaders Summit, so this may […]
Continue reading October 25, 2011
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Fade the wedge highs for easy profits on Crude Oil and Russell futures
850am EST Dollar index finally pushes off the lows above 76.400 and we are looking for selling opportunities at the highs of the ranges. 900am EST News comes out lower than expected on the CS Home Price Index and the DOLLAR INDEX appears to want to move higher, we will look to SELL on the […]
Continue reading October 25, 2011
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Automated trading makes profit easy in any market
Hi Guys, We earned over 300 ticks of profit this morning in our discretionary trading, and now its time to see how our automated trading strategies have been doing. I’m going to review a few of these this week, and remember, this auto-trader is included with our advanced membership. Euro currency futures: The Euro has […]
Continue reading October 25, 2011
- in Uncategorized by schooloftrade
Trade the News Market Internals Update at 12:00ET
Dow -109 S&P -15 NASDAQ -31 ***Economic Data*** – (SP) Spain Sept YTD Budget Balance: No est v -€30.9B prior – (IR) Ireland Sept Property Prices M/M: -1.5% v -1.6% prior; Y/Y: -14.3% v -13.9% prior – (US) ICSC/GS weekly chain store sales w/e Oct 22nd: -0.8 % w/w; +2.4% y/y – (HU) Hungary Central […]
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