Archive

Monthly Archives: September 2012

September 13, 2012

Jobless Claims, FOMC Announcement, and Possible QE3

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— MASTER OF NONE:  We’ve all heard the saying before; ‘a jack of all trades is a master of none’ and this phrase couldn’t be more accurate for a new trader trying to learn to make profits every day.  Many of us begin the learning process with confidence, but […]

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September 12, 2012

Morning Mini-Russell Checklist:

Heat Map Review: Heat map says bulls in charge at +0.6% Overnight Highs & Lows: Both the buyers and sellers have failed to make new higher-highs or lower-lows, so we consider this morning to be range-bound.  I trade a range-bound market buying the lows, selling the highs and avoiding the middle. Inside or Outside Day? […]

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September 12, 2012

Morning euro Checklist:

Heat Map Review: Heat map says +0.3% and this makes sense with a falling Dollar-Index. Overnight Highs & Lows: The sellers failed earlier this morning and so did the buyers.  Now we see confusion patterns in the candlesticks so we wait for market personality to confirm who is really in charge of price. Inside or […]

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September 12, 2012

Morning Crude Oil Checklist:

Heat Map Review: Heat map says +0.5% so we are bullish this morning according to volatility. Overnight Highs & Lows: Sellers failed to keep prices below the PHOD so we consider this to be a bullish clue, however, e now see confusion in the candlesticks on the 30-minute chart, leading us to believe we may […]

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September 12, 2012

FOMC Meeting Begins, German Court Approves ESM

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— THE KING:  Professional traders understand they must rule their lives like a king rules over a kingdom.  Sure, there are many perks to being a king, just like there are for being a professional trader, however we need to remember that those benefits comes with some […]

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September 11, 2012

Morning Euro Checklist:

Heat Map Review: Heat map says a bullish 0.3% so we know to be a buyer on euro futures until something changes. Overnight Highs & Lows: The Sellers never even tried to test the lows. The buyers are in process of breaking the highs. if the buyers can close above the overnight highs we are […]

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September 11, 2012

Morning Crude Oil Checklist:

Heat Map Review: Heat map is bullish by +0.2% so this market needs a little more time to wake the market personality and give us some opportunity today. Overnight Highs & Lows: We are range-bound, with buyers failing at the highs, and never testing the lows.  We have the price sitting on top of the […]

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September 11, 2012

Trade Balance ahead of FOMC Meeting, Never Forget 09-11-01

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— LITTLE CRITICS:  The ancient Peng bird is one of the oldest known animals that can fly above the clouds, and it is the only bird in the sky that flies alone, without the companionship of the others.  Ancient proverbs have described smaller birds as being critical of the […]

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September 10, 2012

Morning Mini-Russell Checklist:

 Heat Map Review: Mini-Russell is trading flat, without much market personality. Overnight Highs & Lows: We see the overnight highs and the lows were both tested and both held as support overhead and resistance below.  This tells us we have a range-bound market on our hands.  We buy-the-lows at support and sell-the-high at resistance making […]

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