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Monthly Archives: November 2012

November 1, 2012

Day Trading Crude Oil Inventories +50ticks

This morning in our live trade room we had a lot of economic news to work with, and most of the morning was spent almost paralyzed from all the action in the news that the market personality was somewhat challenging to find easy high-percentage-trades between each event. This morning we developed a simple day trading […]

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November 1, 2012

Mini-Russell futures day trading prep:

The 30-minute chart of the Mini-Russell confirms a bullish market sentiment with higher-lows and higher-highs as price pushes and stays above the PHOD. We are trading OUTSIDE DAY above the PHOD which means we have a breakout market personality that is considered bullish. We can see a bearish price-wedge on the 89range chart which tells […]

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November 1, 2012

Euro Currency Futures Morning Prep:

Dollar Index Euro Futures Euro Anchor Chart Euro Pattern Chart Our first stop is with the Dollar-Index correlation, which is the strongest with the euro. The Dollar-Index has been falling with new lower-lows and lower-highs giving us a bearish market sentiment on the Dollar-Index. With the bears in control of the Dollar-Index, the euro futures […]

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November 1, 2012

Gold Futures Trading Morning Prep:

The 30-minute chart of Gold shows us a range-bound market.  This is considered a range-bound market personality.  Buyers tried and they failed above PHOD.  In other words, the breakout was a failure. The big FULL-bodied candles tells the story. We can see a bullish price-wedge and a bearish AB=CD Pattern that tells long term buyers […]

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November 1, 2012

Traders Prepare for a Wave of Financial News before NFP-Friday

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— SYNERGY:  Synergy in our careers occurs when people come together in harmony to work toward a common goal, and the power they generate is worth far more than the sum of their separate parts.  One person will strive to find a partner, and one becomes two.  Two quickly becomes […]

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November 1, 2012

The Psychological Investor Cycle

I am sure  that when you read this post that you will relate to it on some level! 1.       OPTIMISM – It all starts with a hunch or a positive outlook leading us to buy /sell whatever instrument we are trading. 2.        EXCITEMENT – Things start moving our way and we get giddy inside. […]

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