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Monthly Archives: October 2012

October 25, 2012

Jobless Claims & Durable Goods Order Look to get us started

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— OUTSIDE OURSELVES:  Professional traders understand the need to constantly be reviewing their performance, looking for ways to improve, and reinforcing skills that have made them successful.  This can be easier said than done, and a common trick among all professionals is to watch tape of themselves, or ask […]

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October 24, 2012

Crude Oil Morning Prep:

CRUDE OIL DAY TRADING Crude Oil futures trading in a narrow consolidation this morning after 3 consecutive days moving lower.  Just like a marathon runner needs a break for a few days after a long run, so do the markets we trade. Lower-highs and higher-lows overnight tell the story of an indecisive market personality.  We […]

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October 24, 2012

Gold Futures Prep:

We know there is a major bearish price-channel and a bullish AB=CD Pattern that has us right on top of the price-reversal zone at 1705.0. In the short term we have sideways-trading-range which means we need to breakout of this range before we start looking for the best trading opportunities. We have a short term […]

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October 24, 2012

Euro Currency Futures Prep:

 We are moving lower outside of the range from Tuesday, so this is an outside day, but it looks ready to give us a price-reversal. The AB=CD Pattern is major support and we know to trust this support in most cases.  Also, the PLOD is right above us, and if this support holds and the […]

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October 24, 2012

New Home Sales, Crude Oil Inventories & FOMC Announcement

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— CHANGE YOUR DESTINY:  We all have the ability to change our own destiny, but it takes some time and consistent effort to make it happen.  Just like a ship on the ocean can only be turned slowly, our destiny has momentum, and trying to change our future […]

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October 23, 2012

Morning Mini-Russell Checklist:

Heat Map Review: Mini-Russell moving well at -1.3% market personality Overnight Highs & Lows: Lower-lows and lower-highs tell us this market personality is bearish, however, the big candlestick wick gives away a possible price-reversal. Inside or Outside Day? We are outside day, below the PLOD, which confirms a moving market and a bearish market sentiment. […]

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October 23, 2012

Morning Crude Oil Checklist:

Heat Map Review: Crude Oil is a moving market personality at -1.7% so we are looking for trading opportunities at this time. Overnight Highs & Lows: Lower-lows and lower-highs from overnight, and just a brief period of consolidation on the way down.  This is VERY bearish. Inside or Outside Day? We are outside the range […]

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October 23, 2012

FOMC Meeting Begins, Manufacturing Reports & Euro tests Big Round Number

————————————————————————————– The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— THE BIG TREE:  There is an old Chinese saying that says ‘a big tree catches more wind’ which means that as you grow larger you will attract more criticism, resentment, and have to deal with new obstacles.  The big tree is an effective way of thinking about how […]

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