Archive
Monthly Archives: July 2012
July 18, 2012
- in Uncategorized by schooloftrade
Gold and Euro Futures Technical Analysis
900am EST The euro currency futures continue to trade sideways at the trend line support drawn from January of this year. This trend line is clearly a technical support that appears to be mixing with some buying of the euro above the fundamental big round number of 1.2000. Is something keeping this price propped up? […]
Continue reading July 18, 2012
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Dollar Index and Crude Oil Technical Analysis
830am EST We begin our day with a review of the heat map, which tells us the dollar index is rising, with all of our favorite futures moving lower. The dollar index is trading at a positive 0.2% which is ALMOST where we need it to get the strong dollar index correlation. We also know […]
Continue reading July 18, 2012
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Crude Oil Rollover, Ben Bernanke and Wacky Wednesday Traders Prep
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— THE PLAN: Professional traders understand the value of a solid trading plan, and the process of developing that plan is just as important as the execution of the plan when its in place. We’ve all heard this before, it’s the journey not the destination, and this […]
Continue reading July 17, 2012
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Trend Reversals are easy to predict with Token Prints
This morning we began our day with most of our favorite markets moving higher, with higher-highs and higher-lows giving us an easy price channel to use as our biggest first clue of the morning. That short-term-trend didn’t last very long because we saw a specific price pattern that told us a full trend reversal was […]
Continue reading July 17, 2012
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News and Crude Oil Prep
815am EST We checked our heat map and learned that there is NO dollar index correlation in play at this time, with the dollar index trading very narrow according to the heat map. We also learn that the E-Mini-E-Mini-Russell, the Crude Oil futures are on our trade list this morning with the most volatility, and […]
Continue reading July 17, 2012
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Ben Bernanke and Early morning news for day traders
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— ONE WORD: If you asked a professional trader who has been trading more than 10 years how he or she would describe their career, it would be ‘balanced’. Every trader understands the value of balance, nothing too much or too little in everything they do. Invest your time in […]
Continue reading July 16, 2012
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Crude Oil futures opening at the highs of the price wedge
900am EST Crude Oil futures opening at the highs of the price wedge from the slowest timeframe, 144-range chart. We can see the price wedge and the inside trading day just below the PHOD. We can see trigger-zone support below and resistance above which tells us that if price makes a run for the highs […]
Continue reading July 16, 2012
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Morning Routine for Day Traders starts with News and The Dollar Index
745am EST We begin with the news, and overnight in Europe appears to have come out bullish and as-expected, so we’ll be looking for clues to see if the market personality is also bullish as we watch the day develop. Today we begin early with 830am EST news retail sales, empire statement manufacturing both are […]
Continue reading July 16, 2012
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Monday morning starts early, OPEX and Crude Oil Rollover on our Radar this week
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Gift and Curse; Professional traders all possess one thing in common, which can both help and hurt their chances for success. Hard work and determination come easy to a day trader, we are all focused on our goals, but sometimes we take that desire a little […]
Continue reading July 15, 2012
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The Chronology Of A Collapse: Santelli’s Primer On The PFG Debacle
I know we would all like to put this issue behind us, but in case you were looking for more info on what exactly happened in the Collapse of PFG, and how to look for warning signs ahead of something like this in the future. Something tells me we will be hearing from the CFTC […]
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