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Monthly Archives: December 2012

December 12, 2012

Crude Oil day trading plan

Crude Oil day trading plan Crude Oil day trading plan We can see the price-action trading in a sideways range with a possible short term bear price-channel at the lows of the major bull price-channel.  We are also at the lows of the price-wedge and at symmetry support from yesterday’s trading session. Being at the […]

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December 12, 2012

News from OPEC regarding Crude Oil Futures

– OPEC expected to maintain current oil production quotas at meeting today and will not discuss individual country quotas. Debate over new Sec Gen will be a harsh one with Libya’s Abdullah al-Badri likely to be asked to stay in the post for another six months – IEA Monthly Oil Market Report slightly increased its global oil demand […]

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December 12, 2012

Morning Day Trading Plan; SchoolOfTrade

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— CRUDE OIL DAY TRADING PLAN LEFT AND RIGHT:  Take a look at your hands today, both the left and right.  In western cultures the right hand is associated with correctness, and righteousness.  In eastern cultures the right hand is considered the hand of violence, because so many […]

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December 12, 2012

Definition of Dovish and Hawk

What does it mean to be “dovish“? What does it mean to have a “dovish tone”? What does it mean if the Fed is said to have a “dovish outlook”? A “dove” is somebody who believes that low interest rates are necessary in order to promote growth in the economy. A dove is not particularly […]

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December 11, 2012

Gold Trade Alert

GOLD ALERT: GOLD TRADE ALERT Gold Futures trading at the PLOD support.  We will sell short below 1705.0 with a target of 1700.0 if the buyers fail.  If we get support at the PLOD 1706.6 we are buying the 1708.0 area with a profit target at the trend line resistance and the PHOD 1718.8

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December 11, 2012

Crude Oil day trading plan up-date

Crude Oil day trading plan up-date Crude Oil breaks to new lower-lows confirming the sellers are indeed trying to test the PLOD and we will be looking for a selling opportunity on the way down.  We have identified a bearish price-channel and a bullish AB=CD Pattern which both will be used for profit-target and a […]

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December 11, 2012

Mini-Russell Day trading plan

Mini-Russell Day trading plan This morning the Mini-Russell has broken to new higher-highs and is ripe for a price-reversal after a fake-out-breakout.  We are looking for the buyers to fail and give the sellers a chance to grab this price-action and drag it back down into the range from Monday. As price rises I’m selling […]

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December 11, 2012

Gold Day trading plan

Gold Day trading plan We can see that gold is trading at the highs of a price-wedge or a triangle price-structure.  We know the highs are major resistance so we are looking to sell at this time. As price rises higher I’m selling the trend line resistance directly above me after seeing the price-reversal pattern […]

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