Archive
Monthly Archives: November 2011
Monthly Archives: November 2011
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Let’s review today’s day trading strategies together in the trade room Dollar Index correlation is breaking down this morning with the fear out of europe, so use the potential turning points as the best times to trade this morning. Dollar 13range chart shows the bull […]
Continue readingToday’s day trading strategy was built around two main aspects; the dollar index correlation and the lack of major news this morning. The best day trading strategies always have both fundamental (news) and technical (dollar index) to work with. Anytime we don’t have major news we know the markets will be a little weaker […]
Continue readingWe’ve worked hard to develop the best Automated Trading Strategies that will work on any market, with any account size, and allow the trader to decide how they use it to meet their goals. Here is an excellent example of two (2) ways you can use this Automated Trading Strategy. First, you can use this […]
Continue readingDow -29 S&P -2.2 NASDAQ -5.3 ***Economic Data*** – (CL) Chile Oct CPI M/M: 0.5% v 0.3%e; Y/Y: 3.7% v 3.5%e; CPI Ex Perishables & Fuel M/M: 0.3% v 0.2%e – (US) Oct NFIB Small Business Optimism: 90.2 v 90.0e – (US) ICSC/GS weekly chain store sales w/e Nov 5th: +1.0% w/w; +2.7% y/y – […]
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 narrow range, inside day, in a price wedge, and this tells us exactly where to be looking for reversals in price, and also trading opportunities. Dollar 13range chart confirms […]
Continue readingDow -29 S&P -4.4 NASDAQ -19 ***Economic Data*** – (CL) Chile Sept Economic Activity Y/Y: 4.6%e v 4.6% prior – (CL) Chile Oct Trade Balance: $836.7M v $250.0Me v $324.0M prior – (CL) Chile Oct Copper Exports: $3.5B v $3.4B prior – (BR) Brazil Oct Vehicle Production:265.6K v 261.2K prior; Vehicle Sales: 280.6K v 311.7K […]
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 144range chart shows me the different zones, which are the potential reversal points we need at support and resitance. Dollar index 89range chart shows a short term bear price channel, and we […]
Continue readingDay trading Non Farm Payrolls can be very challenging for multiple reasons. First, every trader watches the Non Farm Payroll news report because it is the biggest news we have to work with. This means that every day trader, speculator, swing trader, and money-manager is watching Non Farm Payrolls @ 830am on Friday’s, and when […]
Continue readingDollar Index Correlation: Symbol = DX Uses the same contract months as the e-minis, currencies, and bonds. So it rolls over every quarter. The dollar index has about ¼ of the total volume than the markets we trade. Compares the USD to a basket of currencies. Negative correlation: – When the dollar index rises, everything […]
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 tells us where the most important turning points, reversal points will be, watch these closely. Dollar short term trend is bullish, sideways and forming a price wedge. this wedge structure is a […]
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