Archive
Monthly Archives: November 2011
Monthly Archives: November 2011
Dow +277 S&P +25 NASDAQ +50 ***Economic Data*** – (BR) Brazil Oct IBGE Inflation IPCA M/M: 0.4% v 0.4%e; Y/Y: 7.0% v 7.0%e – (IC) Iceland Oct Unemployment Rate: 6.8% v 6.6% prior – (MX) Mexico Sept Industrial Production M/M: +1.8% v -1.1% prior; Y/Y: 3.6% v 3.1%e – (US) Nov Preliminary University of Michigan […]
Continue readingEvery professional day trader has one thing in common, they have mastered their morning routine. For me personally, my morning routine is the most significant advantage I can give myself every day for many reasons. First, my morning routine for day trading clears my mind of all the clutter from the night’s sleep, the previous […]
Continue readingMultiple timeframes are one of the key components to any professional trader’s long term success. Simply put, using multiple timeframes allows you to see the entire market as a whole, while keeping a finger on the ‘pulse’ of what’s happen right now. An easy way to describe using multiple timeframes would be comparing the FOREST […]
Continue readingDouble-tops and Double-bottoms may be the highest percentage ‘price structure’ we use as traders. It doesn’t matter what type of trader; scalper, intraday, position or swing trading, we LOVE it when we see double-tops or double-bottoms because they are so consistently profitable. I have a simple day trading strategy that allows me to identify these […]
Continue readingDow +71 S&P +6 NASDAQ +1 ***Economic Data*** – (SA) South Africa Central Bank (SARB) leaves interest rates unchanged at 5.50%, as expected – (UK) Bank of England (BOE) maintained both Interest Rates and Asset Purchase Target left unchanged at 0.50% and £275B respectively – (CA) Canada Sept Int’l Merchandise Trade: +C$1.25B v -C$560Me – […]
Continue readingRussell Futures traded down to the lows of the wedge and now sitting in the middle of the range. sell the resistance overhead and then buy into the trigger above you. If price falls we wait to buy the lows, and the support below the lows. Crude Oil futures trading in a bull channel, so […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Let’s review today’s day trading strategies together in the trade room Dollar Index trading in a bull channel, inside the range from wednesday, and price wedge. Dollar Index 13 range chart shows us a bear price channel, which is used for short term market sentiment. […]
Continue readingIf I could trade 1 day trading strategy for the rest of my career it would be a price wedge. Even further, I would trade a price wedge along with an inside day, and we got exactly that this morning day trading crude oil futures. My strategy for day trading crude oil on Wednesday’s with […]
Continue readingDow -233 S&P -27 NASDAQ -63 ***Economic Data*** – (PD) Poland Central Bank leaves the Base Rate unchanged at 4.50%; as expected – (US) MBA Mortgage Applications w/e Nov 4th: 10.3 v +0.2% prior – (CA) Canada Sept New Housing Price Index M/M: 0.2% v 0.1%e; Y/Y: 2.3% v 2.2%e – (MX) Mexico Oct Consumer […]
Continue readingDifferent Trading Strategies for Different People: There are many different ways to make profit as a trader, and here are the most effective trading strategies to fit the needs of different types of people who use them. · Scalping Trading Strategy o 5-100 trades a day o Looking for small changes in price with large […]
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