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Monthly Archives: November 2012

November 8, 2012

Gold Futures Anchor Chart Prep:

Gold Anchor Chart ZOOMED IN We can see there was a previous bear price-channel that is ALMOST broken.  We like to keep those recently-broken price-channels and price-wedges on the chart until we can easily see they are no longer needed.  There is a definite potential that this bear price-channel will drag the price-action right back […]

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November 8, 2012

Euro Currency anchor Chart Prep:

We can see the bull price-channel and the bull price-wedge in the short term.  We are trading directly at the lows of the price-wedge and right on top of the PLOD.  We want to buy these lows, however, it appears the euro is a little too weak for us right now.  If the market personality […]

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November 8, 2012

Crude Oil Anchor Chart Prep:

Crude Oil Anchor Chart We can see the bearish price-channel, the bearish price-wedge and a sideways trading range.  We can see the double-top provides support below us, and the trigger-zone provides resistance above us. Our day trading strategy today will be use the price-wedge.  We are trading at the lows of the price-wedge, so we’re […]

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November 8, 2012

Traders Prep for Jobless Claims ahead of US-Morning Session

————————————————————————————— 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, […]

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November 7, 2012

E-Mini S&P Futures Anchor Chart:

We can see the major bullish price-channel along with the outside day below the PLOD and the bullish price-wedge.  We have double-top support at 1387.0 we will look to buy. Our day trading strategy for the E-Mini S&P is to sit-on-hands until we get to the lows of the range, and then buy-the-lows at support.

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November 7, 2012

Mini-Russell Futures Anchor Chart Prep:

We have a short term bearish price-channel, with a short term bear price-wedge.  We are in the middle of the trading range so we need to be patient.  We have double-bottom resistance starting at 828.5 and trigger-zone resistance at 834.5. Our day trading strategy for the Mini-Russell is to buy with new higher-highs and take […]

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November 7, 2012

Gold Futures Anchor Chart Prep:

Gold Futures Anchor Chart  We can see the bear price-channel with the recently-broken bear price-wedge and trading right on top of the PHOD.  We can see trigger-zone resistance overhead at 1735.0 and major trigger-zone support way down to 1665.5. Our day trading strategy for this morning is to sell these highs at resistance below the […]

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November 7, 2012

Euro Currency Futures:

Dollar Index anchor Chart Euro Currency Futures Anchor Chart We start with the review of the Dollar-Index.  The negative correlation between the Euro and the Dollar-Index is negative and VERY important. The Dollar-Index is rising higher, apparently reacting bullishly to the election in the US and the news from Germany in Europe.  With the Dollar-Index […]

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November 7, 2012

Markets React to US Election, German woes, Prep for Inventories

————————————————————————————— 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 […]

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