April 13, 2012
- in Uncategorized by schooloftrade
Day Traders prep for Consumer Sentiment after soft jobless claims report
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The James’ Report: Day Trading Strategies for Professional Traders
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Professional traders must recognize that there are two extremes in the markets we trade; markets sometimes move very slow and sideways, and sometimes the market moves violently higher or lower in a way that it is dangerous. A professional trader knows that attempting to trade either of these ‘extremes’ will be challenging, and that our goal every day is to find a point somewhere in between. We’re looking for the best market personality, when price action is moving enough to be profitable, but not too much to require a lot of risk. Do you know how to define market personality that fits your needs as a trader?
Crude Oil Futures Gold futures
E-Mini-Russell Futures
Euro Currency Futures
***Notes/Observations from around the world***
– Friday 13th, watch the ladders, mirrors, black cats, salt, you know the drill J
– European shares dropped on China’s lower than expected GDP. Investors are now expecting an imminent rate cut from the PBoC as a result of slowing growth in a major driver such as the Chinese market.
– China Q1 GDP below expectations
– China Premier Wen commented that the Chinese economy remained generally in good shape and will fine tune policies as needed
– North Korea launches rocket and its fails to orbit after a one minute flight
– Singapore to speed appreciation of the SGD currency to deal with inflation.
– Spain Mar ECB Banks Net Borrowings surge 50% m/m
– JPM and WFC to report earning
