Traders Prep for Jobless Claims ahead of US-Morning Session

The James’ Report:  Day Trading Strategies for Professional Traders

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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, think about the things occurring in your daily routine, and how you can make small adjustments to make them work more effectively.  As professional traders we are always battling our emotions.  We know what our job is every day, yet we sometimes sabotage this job by letting our emotions, fear and greed do the thinking for us.  Take a step back today and find ways to turn the people and resources around you into valuable assets.  Take the time to study your emotions and empower yourself to make small adjustments to your daily routine to increase efficiency, eat healthy, get enough sleep, and keep family in your focus.  There are millions of little things that can be changed in our daily lives to give us the advantage over our biggest competition, which lies within ourselves. 

News from Europe & Asia for US Morning Session:

– Obama re-election shifts focus to fiscal cliff. DJIA registered its largest one-day decline in one year coupled with first close below 200 day m.a. in almost a year.
– New Zealand Unemployment Rate at 13 year highs. Australia employment was slightly better than expectations for 2nd consecutive month.
– Japan Sept Adj Current Account Balance registers its first deficit since 1981
– Greece austerity vote passes with 153 votes in its 300 Parliament. Afterwards there were party expulsions, violent protests; massive strikes erase shine very quickly.
– 18th party congress starts in China today
– Spain sells above its indicated amount in 3-tranche bond auction; has completed 100% of its 2012 funding needs 

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