Archive

Monthly Archives: October 2012

October 18, 2012

Morning Mini-Russell Checklist:

Overnight Highs & Lows: We saw a triple top failure at overnight highs (PHOD) on the Mini-Russell, and then we saw a strong bearish candle at the overnight lows which confirms sellers in control and a profit-target at PLOD. Inside or Outside Day? We are inside-day below the PHOD after the buyers failed Find the […]

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October 18, 2012

Morning gold Checklist:

Heat Map Review: Gold is moving lower this morning Overnight Highs & Lows: We can see lower-lows and lower-highs on the way down overnight, however, recently in the beginning of the US session we have sideways chop, consolidation, and we expect a full price-reversal above the PLOD. Inside or Outside Day? We are outside-day below […]

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October 18, 2012

Morning Crude Oil Checklist:

Crude Oil Futures  Heat Map Review: Crude Oil moving lower this morning Find the price-structures: ·       Trigger-zone is support at 91.30 and 91.00 ·       AB=CD Pattern is bullish ·       Wedge is major and very wide ·       Price-channel is bearish tells us to sell the highs ·       Zigzag Pattern is not on the 21range ·       Trading […]

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October 18, 2012

China GDP Reaction, Jobless Claims and Philly Fed Survey

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— HIDDEN MEANING:  When people say they don’t have time, they are really saying that other things are more important. We all have the same number of hours in each day, and how we use those hours says a lot about our priorities in our personal and professional […]

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October 18, 2012

Something Different

I read this a while ago and it has stayed with me, I would like you to read it and digest it, there is a lot of merit in these words. I am your constant companion, I am your greatest helper or your heaviest burden. I will push you onward or drag you down to […]

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October 17, 2012

+100ticks in first 90-minutes day trading strategy Crude Oil, Euro, and E-Mini Russell Futures

  This morning we had one of the most profitable Wacky Wednesdays of our career, and the price-action got us started early today and never looked back. Our initial morning prep at 8:00am EST this morning identified high-percentage-trades on 4 different markets, and we took our pick on which ones we wanted to trade.  All 4 of our […]

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October 17, 2012

Morning Crude Oil Checklist:

Heat Map Review: 0.4% says this market personality is moving, and we are looking for trading opportunities Overnight Highs & Lows: Overnight lows hold, and buyers fail at overnight highs, which is range-bound market so we will stay away from the middle, buy-the-lows at support and sell-the-high at resistance. Inside or Outside Day? We are […]

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October 17, 2012

Our first look at the markets today

Euro Futures:  Bull Channel, above the PHOD, we are bullish and looking to buy pullbacks with wave patterns.  Target at 1.3180 resistance overhead. Russell E-Mini Futures:  Trading at the PHOD, if we make new higher highs we buy pullbacks with wave patterns, and if the buyers fail we sell below the PHOD.  We can also […]

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October 17, 2012

Wacky Wednesday, Crude Oil Contract Rollover, Inventory News

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— WE ARE ONE:  One of the most interesting aspects of learning to be a professional trader is the awareness that we are all connected through the markets, working in separate locations, with different objectives and resources, but all working together in a symphony without a conductor.  If you weren’t inside […]

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October 17, 2012

Technical Analysis Does it work ?

There are a lot of articles about technical trading but almost none of them can answer the question – Why technical analysis works so well?  What advantages it has over fundamental trading? Is it even possible for some magical trend lines to hold the price? Ok, first things first. Let’s take the forex market for […]

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