Archive

Monthly Archives: March 2012

March 29, 2012

Crude Oil day trading strategy

Crude Oil 89 range chart is our slowest timeframe and it shows us the major swing highs and lows, the major price structure and the most important levels of support and resistance.  This morning we have Crude Oil trading at the lows of the price wedge, which tells us the higher percentage trades will be […]

Continue reading
March 29, 2012

Dollar index day trading strategy

Dollar index trading at the lows of the major price wedge, and we can see we’re trading inside the range from Wednesday so we expect price can go in either direction.  The 89 range chart tells me we have MAJOR support around 79.000.  this support on the dollar index will be considered resistance on the […]

Continue reading
March 29, 2012

Germany’s unemployment at record lows; OECD sees continuing decoupling between US and Europe in H1

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— Professional traders sometimes think of themselves as warriors, going into battle each morning at the opening bell.  One key difference in a trader’s attitude though is that we must work with our enemy, not against it.  The market is often thought of as the […]

Continue reading
March 28, 2012

E-Mini-Russell day trading strategy

The E-Mini-Russell trading in a bull price channel, as the sellers have failed below the PLOD.  We can see the 89 range chart shows us a wave pattern long putting us just above the PLOD where the buyers will be in control and we can buy pullbacks. As price rises I’m buying pullbacks above the […]

Continue reading
March 28, 2012

Euro day trading strategy

Euro is trading in the middle of the major bull price channel with a medium term price wedge price structure and trading just below the PLOD.  The dollar index at support is great for the euro at resistance, so use the dollar index negative correlation to make educated trading decisions. We need to use the […]

Continue reading
March 28, 2012

Crude Oil day trading strategy

Crude Oil heads into a sloppy Wednesday ahead of inventories so we keep that in mind today as we get closer to 1030am EST when the news is released.  We can see the 89range chart has the bear price channel, the AB=CD Pattern, the trigger-zone resistance overhead and the double-top overhead which has given us […]

Continue reading
March 28, 2012

Gold futures day trading strategy

Gold futures trading off the highs of the bear price channel and continuing in the direction of the AB=CD Pattern which will push prices lower.  We can easily use the dollar index correlation this morning with gold however we need market personality on the dollar index first, so keep that in mind. The gold has […]

Continue reading
March 28, 2012

Dollar index day trading strategy

The dollar index is trading in the same location from Tuesday morning, which is at the lows of the major price wedge price structure and in the middle of the bear price channel.  We can see the AB=CD pattern which will affect us later down the road, and for today we focus on the price […]

Continue reading
March 28, 2012

France considers releasing Crude Oil reserves as traders prep for Inventories & Durable Goods Reports

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— Professional Traders understand that reading something in a book is not the same as applying a theory in the real world.  We understand that in order for knowledge to truly be power, we must apply that knowledge so that it may help others and […]

Continue reading
1 2 3 4 … 10