Traders Prep for Factory Orders & Crude Oil Inventories

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The James’ Report: Day Trading Strategies for Professional Traders

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The most successful day traders have a true desire for knowledge of why the markets move the way they do. As traders we need to seek experience from live candlesticks, wisdom from our losses, and encouragement from our wins. Professional traders understand that every day is another opportunity to get closer to their goals, and every tick of the day matters. Are you taking advantage of every learning opportunity during the day?

What happened Overnight:

– Following yesterday’s May day holiday, the continental European bourses opened higher across the board, as US equities hit 4-yr highs on yesterday’s session. Additionally, the FTSE 100 opened slightly lower following yesterday’s gains. Equity indices have since pared gains, amid the release of disappointing EU manufacturing PMI and employment data. The EU PMI indices broadly missed analyst expectations, despite the recent strength seen in the US ISM Manufacturing figures. In specific sectors, banks are broadly lower, as EU officials are meeting today to discuss capital rules.

-Pimco’s Gross: US Could Be Headed Toward Credit Downgrade -CNBC
-Fed’s Plosser: Rise in Policy Rate Could Come As Soon As Late 2012
– European PMI Manufacturing disappoints
– Weaker German employment data blamed on Easter holiday

– Eurozone unemployment stays stable at 10.8%

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prep here

Prepare for your trading
with these charts today:

Crude Oil
Futures

Gold
futures

E-Mini-Russell
Futures

Euro
Currency Futures

Day
trading strategies

read the complete morning
prep here

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