Archive

Monthly Archives: October 2012

October 10, 2012

Morning Euro Currency Checklist:

 Heat Map Review: The euro futures are NOT considered a moving market personality because we are not above the 0.3%, stay patient and follow that plan! Overnight Highs & Lows: We see higher-lows on the 30-minute chart which is bullish, and the overnight highs were tested, broken, the sellers tried to give us a price-reversal […]

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October 10, 2012

Morning Mini-Russell Checklist:

Heat Map Review: Mini-Russell is not consider a market personality that is moving.  We will stay patient with the trades on the Mini-Russell. Overnight Highs & Lows: The sellers failed at the overnight lows, bullish.  The buyers did the same, failing at the overnight highs, however, they appear to be trying to give it another […]

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October 10, 2012

Morning Crude Oil Checklist:

Heat Map Review: Crude Oil is not a moving market personality at only 0.1% this morning.  This tells me to sit-on-hands and be patient. Overnight Highs & Lows: We saw the sellers fail at the overnight lows and the buyers recently have failed at overnight highs.  We call this a range-bound market and it tells […]

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October 10, 2012

Beige Book report gives insight to Fed Meeting, News pushed back to Thursday

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— CONSISTENCY PAYS:  Professional traders understand that the amount of time we spend watching screens, studying the markets, and reviewing our trades doesn’t matter if we are operating without a consistent plan.    Similar to reading a book backwards, if a new trader sits down at their desk and simply WATCHES the […]

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October 9, 2012

Morning Mini-Russell Checklist:

Heat Map Review: A 0.2% market personality says this market is NOT moving and we need to be patient. Overnight Highs & Lows: Both the buyers and sellers have failed to make new higher-highs or lower-lows overnight and therefor this is considered a range-bound market. Inside or Outside Day? We are inside the range from […]

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October 9, 2012

Morning Euro Checklist:

Heat Map Review: This market on the euro is NOT a moving market personality so we will stay patient and beware the sloppy market personality. Overnight Highs & Lows: We have a range-bound market thanks to the sellers and the buyers failing to make new higher-highs or lower-lows.  This also makes sense with the lack […]

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October 9, 2012

Morning Crude Oil Checklist:

 Heat Map Review: Crude Oil is a moving market at a +0.8% volatility, this means we should be looking for trading opportunities today. Overnight Highs & Lows: Both the buyers and the sellers have failed earlier this morning and this tells us we have a range-bound market. Inside or Outside Day? We JUST broke new […]

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October 9, 2012

Professional Day Trading Morning Prep

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— OPPORTUNITY:  Every trading day is a new opportunity to improve as a professional trader, and we have the luxury of live price-action to be our teacher.  There is a never-ending supply of learning (and earning) opportunities in the marketplace every day we just need to know where […]

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October 5, 2012

Crude Oil day trading strategy said ‘SHORT’ for another +100tick day in Live Trade Room

This morning we finished up an incredible week with a Non Farm Payroll Friday.  We discussed the day trading strategy for NFP-Friday in our Morning Prep, and we were ready for the price-action to get started shortly after 8:00am EST today. We didn’t have to wait long this morning to find some high-percentage-trades on Crude Oil using a […]

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