Archive
Monthly Archives: July 2012
July 9, 2012
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Monday Summertime day trading strategy earns profits
This morning we began a new week with some concerns over volume. We had a few reasons to be worried this morning; first, the long holiday break told us many traders would likely be coming back a little late to their desks today. Second, it’s a Monday, and we always use discipline and a […]
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dollar index futures & e-mini russell trading prep
900am EST Dollar Index Charts The dollar index futures are trading at the highs of the range from Friday, and this tells us that the buyers aren’t quite strong enough to push new higher-highs, and if the sellers have their way, the PHOD 83.605 will be a reversal point for falling prices. If prices move […]
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News Prep & Crude Oil Technical Analysis for New Traders
800am EST Our plan this morning is to get back into routine of being a successful trader, following our trading plan, anticipating moves before they happen, and planning for the news this week. The worst thing we can do on a Monday is to jump into our trades too early, so be patient today and […]
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Traders Return from Holiday, ECB President in Spotlight
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— The Great Gift; Every professional trader has one thing in common, they all began with lofty goals for their trading careers, and stuck to their plan to achieve those goals. The great gift to every trader is the world of opportunity that comes our way every morning we […]
Continue reading July 3, 2012
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Crude Oil earns +175ticks with a simple day trading strategy buying pullbacks
Wow what a way to end the week! The Fireworks were going off BEFORE the Holiday started this morning in our Live Trade Room. We began the day with 3 winning trades called LIVE in real-time helping us smash our daily goal and get this day off to a great start! We began the day […]
Continue reading July 3, 2012
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US Dollar Index and Crude Oil Futures Technical Analysis Prep
830am EST The dollar index is trading above the PHOD so this is an outside trading day (buyers in control). We know the price wedge lows held as support and price is moving higher into the overhead trigger-zone resistance. We know the dollar index has NO VOLATILITY right now according to the heat map on […]
Continue reading July 3, 2012
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Traders Prep for Sloppy Markets ahead of July 4th Holiday in US
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Greater Purpose; Every successful trader has one thing in common, a greater purpose than themselves. Some traders are working for family, others looking for fame. Most traders begin looking for mountains of profits, and once they reach the top of their careers they begin to work […]
Continue reading July 2, 2012
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Crude Oil and E-Mini Russell Futures Technical Prep
900am EST The Crude Oil OPEN trade has produced a bullish bias so we’re looking to buy using the wave pattern at this time it the morning with a target of 84.10. we can see the bearish price channel on Crude Oil 144-range chart, along with the price action trading INSIDE DAY just below the […]
Continue reading July 2, 2012
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News and Dollar Index Correlation Prep
800am EST The bullish market sentiment this morning is coming from the EU Summit agreement on terms over the weekend, and the early morning news from Europe regarding the unemployment rate and PMI. The big question today in the US morning session is, will this continue in the US? We will be looking for clues […]
Continue reading July 2, 2012
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Traders react to EU Summit, Prep for 10am EST Economic News
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— The Trader’s Journey; A professional trader goes through many phases of their careers, and even though every person has a different story to tell, they are always consistent with other traders. Think of where you are today, where you’ve been in the past, and where you’re working hard […]
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