Archive
Monthly Archives: February 2012
Monthly Archives: February 2012
Our trading strategy this morning began with our day trading morning prep, and we saw a few major clues; first we saw the news this morning was pretty bare. We had some early morning news that would be followed by a 1000am EST testimony from Ben Bernanke so we knew right away that we had to […]
Continue readingOur day trading strategy for the mini-russell uses the major AB=CD pattern to find the major resistance overhead, and also provides us with some explanations of WHY price moved so much higher end of last week. Now we look for selling opportunities at these highs, and then when we reach the 55, 34, 21, range […]
Continue readingThe 30 YEar US Bonds, symbol ZB, is another one of our favorite markets that we can easily apply this trading strategy for easy profits. We saw the bonds fall off the wedge highs on friday and had some easy easy trading opportunities and now we’re sitting in the middle of the wedge and in […]
Continue readingWe’ve had some easy profits following our trading strategy on crud eoil this morning. We sold below the PLOD with a wave pattern short, then we bought the lows of the price wedge and then we bought again when price got above the PLOD. Open above us at 96.90 will be a target and a […]
Continue readingThe Euro Currency Futures are trading in a price wedge at major resistance and the big round number of 1.3200. We have the dollar index in a price wedge, and the euro has been sloppy because of this. We want to use the euro price wedge as the most important clue, and then remember we […]
Continue readingOur morning routine begins each day with the dollar index, and this morning we can see some big red flags right away. We have the dollar index in the middle of monday’s trading range, and inside a price wedge. The price wedge tells us market personality and also tells us to wait for the highs […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— The wise trader understands the value in a balanced life. Work must be balanced with reflection, family, health and fitness if the trader expects to have long-lasting success. We look for ways every day to provide balance in our lives to become better traders. […]
Continue readingWe finished up an incredible week of day trading this morning with Non Farm Payrolls, the most important monthly news report we see as day traders. We did a great job this morning being mentally and technically prepared to profit on a Friday that could have easily taken back some of the hard-earned profits we […]
Continue reading– The January US jobs report is driving equity market gains this morning. The big increases in non-farm and private payrolls are a welcome sign that the US economic recovery is continuing, meanwhile the unemployment rate, at 8.3%, is at its lowest point since early 2009. The skeptics have tried to find the wrinkles in […]
Continue readingThe 30-Year US Bonds are one of our favorite markets for many reasons. They have great liquidity so they can handle hundreds of contracts, and also have low margins because of that too. It ticks at 31.25 per tick so we make good money off each winning trade, but we need to remember that for […]
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