Archive

Monthly Archives: November 2012

November 14, 2012

Crude Oil Futures Morning Prep:

Crude Oil Prep We can see the bear price-channel, the bearish price-wedge, and double-top providing support at 82.72. If we look closer we can see this is considered an INSIDE DAY which means we are within the range from yesterday. We can see 2 distinct sideways-trading-ranges with different highs (86.77 and 88.80) and the same […]

Continue reading
November 14, 2012

Consumer Prices, Retails Sales & FOMC Meeting Minutes

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— THE ONE:  When we are learning something new, challenging, or complex we need to always remember to focus our attention on one thing at a time.  In a world of multi-tasking this theory of simplicity and focus is hard to imagine as being more productive, but it truly […]

Continue reading
November 13, 2012

Mini-Russell Afternoon Session Prep:

Our day trading strategy for the close of the day on the Mini-Russell is to use the bear price-channel, the price-wedge and the bullish AB=CD Pattern. Mini-Russell Chart Prep If price falls lower we sell short below the PLOD, and take profit at the lows of the price-wedge, where we will look to buy.  If […]

Continue reading
November 13, 2012

Crude Oil Afternoon Session Up-Date:

We can see the price-action has been very mild today on our favorite futures markets, including Crude Oil.  Our day trading strategy for the remainder of the afternoon trading Crude Oil is to anticipate if price rises, falls, or trades sideways. If price rises I’m heading into the highs of the bear price-channel, the trigger-zone […]

Continue reading
November 13, 2012

Mini-Russell Chart Prep:

Mini- Russell Chart Prep We can see the bearish price-channel and the trend lines drawn from the major previous swing-low to create a bearish price-wedge.  We are trading just below the price-wedge and this price-wedge price-structure will act like a price magnet, drawing up price into the price-wedge and testing the PHOD and the 805.5 […]

Continue reading
November 13, 2012

Crude Oil Futures Prep:

Crude Oil Chart Prep We start with the major swing-high and swing-low and we begin to locate trigger-zones which are both overhead resistance starting at 89.15. We can see the test of the 89.15 results in a bullish AB=CD Pattern with major support at 78.85. We draw trend lines from the major swing-high to the […]

Continue reading
November 13, 2012

Euro Futures Chart Prep:

We can see the major bullish price-channel which creates the short term bullish price-wedge.  We are trading at the lows of this price-structure. We can see the PLOD at 1.2676 appears to be our major support at this time.  We recall the news overnight from Germany, and consider this to be bearish fundamentally.  Now if […]

Continue reading
November 13, 2012

Gold Futures Chart Prep:

We can see that Gold Futures have been trading sideways for a few days now, which is a big market personality clue. We have a bearish AB=CD Pattern and trigger-zone resistance overhead starting at 1735.0. We can see the short term sideways price-wedge and we are trading at the highs of this range. Whenever we […]

Continue reading
November 13, 2012

Traders Return from Holiday; Treasury Budget & Fiscal Cliff Looms

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— VIRTUE OF LEADERSHIP:  What is a true leader?  A Leader is productive and creative in the way they mentor the people around them, without becoming possessive of those students who flourish.  Leaders take subtle yet effective action to help those in need, but they will never flaunt […]

Continue reading
1 … 3 4 5 6 7 … 9