Archive
Monthly Archives: October 2012
Monthly Archives: October 2012
This morning we quickly identified a bear price-channel day trading strategy for Crude Oil futures and waited patiently for the price-reversal at the highs of the day. Today’s day trading strategy for Crude Oil is defined our Advanced Course, and our members were ready to profit from it with us today. The first trade of […]
Continue readingHeat Map Review: Euro is bullish with a bearish Dollar-Index. Overnight Highs & Lows: We have higher-highs and higher-lows on the euro, with most recent sideways consolidation. The same is true but opposite on the Dollar-Index. If the Dollar-Index bounces off the lows we can then sell the highs on the euro. Inside or Outside […]
Continue readingHeat Map Review: Heat map says Mini-Russell is moving +0.4% so we are looking for high-percentage-trades today. Overnight Highs & Lows: Overnight lows were never re-tested and the overnight highs were broken but it appears the buyers are about to fail. Inside or Outside Day? We just recently broke new higher-highs above the PHOD, which […]
Continue readingHeat Map Review: Crude Oil is moving at +0.3% today so we are looking for trading opportunities Overnight Highs & Lows: We can see a range-bound market on the 30-minute chart with overnight highs and lows containing the price-action. Inside or Outside Day? We are inside day, however, this is a very important clue that […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— OBSTACLE OF ONE: Those who overcome others have strength, and those who overcome themselves have power. Many times, the biggest obstacle standing in the way of our goals is ourselves, and we can use simple techniques to solve this issue. Take the time today to step back, […]
Continue readingThis morning was a true test of our discipline this morning to follow a plan patiently, not falling victim to our emotions as the day opened up VERY slowly. Today was the first day of OPEX, and even though Mondays do not warrant much concern (wait till we see Wednesday, yikes!) we knew that […]
Continue readingHeat Map Review: Market personality is bullish 0.4% so we are looking for the high-percentage-trades this morning. Overnight Highs & Lows: Buyers failed at the overnight highs and the sellers never re-tested the overnight lows. This is considered a range-bound market so we sell-the-high at resistance and buy-the-lows at support Inside or Outside Day? We […]
Continue readingHeat Map Review: Crude Oil market personality is NOT moving this morning at 830am EST so we need to sit-on-hands and wait for the price-action to improve. Overnight Highs & Lows: We created overnight lows and never re-tested, which is considered bullish. Later in the morning we saw new higher-highs above overnight highs and now […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— THE STREAM: Just as a stream flows down the mountain, the process of learning a new skill takes twists and turns as it develops its way through this process. Take notice that the stream flowing with water will undoubtedly encounter rocks and obstacles on the way down […]
Continue readingThe Trading Psychology Of Decision Making Let’s start our discussion with decision making. Just how important is the decision making process to the way we trade? To answer that question let’s talk about the word decision. The simple truth is that there isn’t anything you do without making a decision first. Absolutely everything you do […]
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