Archive
Monthly Archives: February 2012
Monthly Archives: February 2012
The dollar index moved higher on Wednesday due to news chatter from china regarding support for the recovery and optimism over the bailout in greece. This morning we find the dollar index trading above the highs from Wednesday in what we call an ‘outside day’ which means if price keeps moving higher we will buy […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Professional traders understand the power of observation. The benefits of stepping back and watching, listening, and then making decisions based on what you see will reap many rewards in your trading career. Take the time each day to observe rather than participate and very […]
Continue readingOur day trading strategy this morning was somewhat challenging. We had a lot of major news coming out this morning, today was ‘Wacky Wednesday’ of OPEX, and we had the FOMC Meeting Minutes set to be released at 2pm EST this afternoon. Looking at all of this information to be aware of, we knew today […]
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Continue readingClick here to read the much-anticipated FOMC Meeting Minutes. detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates —————————————————————————————– *(US) MINUTES OF THE JAN 25 FOMC MEETING: GLOBAL FINANCIAL STRAINS POSE GREAT RISKS; SAW MODERATE IMPROVEMENT […]
Continue readingThe mighty mini-russell is trading at the top of the major bull price channel and we have AB=CD major resistance at 832.0 and not much has changed from the past week at these highs. We keep trading sideways, seeing new short term wedges and we want to buy the lows and sell the highs of […]
Continue readingOur day trading strategy for the Euro we begin with the 89 range and we see a bull price channel, double-bottom and trigger-zone support below the current price. We are also trading at the lows from Wednesday which also happens to be lows of the price channel. We want to buy these price channel lows […]
Continue readingNot much has changed from Tuesday to Wednesday’s day trading strategy for crude oil. We still have the bear price channel and the AB=CD pattern reversal zone. We are still looking for price to fall below the 101.65 so we can sell retracements. It also happens to be the PHOD 101.84 and when we fall […]
Continue readingOur day trading strategy for the dollar index begins with the 55 range, and we can see the major trigger-zone as support below us, price wedge with trend lines, and the range from Tuesday we are trading inside day. This 55 range chart shows me the most important levels of support and resistance, and with […]
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