Archive

Monthly Archives: November 2012

November 9, 2012

Mini-Russell anchor Chart Prep:

Mini-Russell Chart Prep The Mini-Russell has been on a bearish tear this week, dropping to new lower-lows and clearly telling us the market sentiment is bearish.  We are headed to the lows of the bear price-channel and we have multiple levels of support to consider. We are trading outside the range from Thursday and we […]

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November 9, 2012

Gold Futures Anchor Chart Prep:

Gold Anchor Chart 1 Gold Anchor Chart 2 We can see the bull price-channel and the bearish AB=CD Pattern on this 89range chart.  We are trading inside the range from Thursday making this technically a range-bound market. Notice the trigger-zone support below at 1703.0 along with the trigger-zone resistance above at 1735.0.  We can see […]

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November 9, 2012

EURO Currency Futures Chart Prep

Euro Currency Prep Dollar Index Chart We can see the major bull price-channel and that we’ve recently broken new lower-lows and ultimately the buyers have failed to hold the support at the lows of this long term price-channel.  This is a very bearish clue.  We can also see the short term potential for a bear […]

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November 9, 2012

Crude Oil Anchor Chart Prep:

Crude Oil Prep We can see the bear price-channel, the narrowing bearish price-wedge and most importantly we can see the very narrow range-bound market that has developed from the PHOD to the PLOD.  This range-bound market is a big clue for market personality trading Crude Oil this morning. We found the bullish AB=CD Pattern which […]

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November 9, 2012

Friday Day Trading Prep; Inflation News and Consumer Confidence

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— DISTINGUISHED HUMILITY:  Our industry can be very competitive, not only between other traders, but within ourselves.  In a competitive environment we often feel as though humility must take a backseat to public accolades, but in reality the true success in trading comes when we can distinguish ourselves as […]

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November 8, 2012

Mini-Russell Afternoon Up-Date:

Mini-Russell Chart We can see the bearish price-channel along with the bullish AB=CD Pattern which tells us that when we trade at the lows of the price-channel and at the completion of the AB=CD Pattern we need to look for buying opportunities. Our trading strategy going into the close of the Mini-Russell is to buy […]

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November 8, 2012

Crude Oil Afternoon Up-Date:

Crude Oil Chart We are still trading in a sideways range, a bearish price-wedge and just above the PLOD.  This INSIDE DAY within a price-wedge and at the lows of the trading range reminds us to follow our trading plan of buying at the lows and selling at the highs. If price wants to keep […]

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November 8, 2012

30-Year US-Bonds Anchor Chart Prep:

30-Year US Bonds We can draw trend lines from the highs and the lows to create a sideways price-wedge.  We also see that current price is breaking to new higher-highs.  Will the price keep going higher?  Will the price fall off these highs and tumble back into the range? If price rises higher we are […]

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November 8, 2012

Mini-Russell Anchor Chart Prep:

Russell Anchor Chart  We can see the bearish price-channel, and the bear price-wedge that comes along with it.  We are currently trading of the lows of this price-channel, and we want buy-the-lows at support for the high-percentage-trades. We are trading lower this morning, outside the range from Wednesday and looking very bearish.  Our day trading […]

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