May 24, 2012
- in Uncategorized by schooloftrade
Bad News from Europe, Durable Goods Orders & Jobless Claims Prep ahead of Holiday Weekend US
Professional traders seem to get lucky when they trade, and we understand that this luck is a byproduct of our trading strategy. Professional traders appreciate that simplicity is sophistication, and when we keep things simple we are prepared for every trading day, and things tend to line up perfectly for us more often. When we over-complicate our trading day we have too many things going on, too many variables to control, and too many ways for things to go wrong. Work hard today at keeping it simple, and strive to do this every day. Each new day you stick to your simple plan you get better, stronger, faster, more accepting of the good fortune that is headed your way. Are YOU feeling lucky today? —————————————————————————————
The James’ Report: Day Trading Strategies for Professional Traders
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What happened Overnight:
– China May HSBC Flash Manufacturing PMI registers its 7th consecutive contraction
– India selling Crude Oil Companies
– Major European PMI Manufacturing miss market expectations
– German IFO falls for the first time in 7 months
– UK Q1 GDP second reading revised slightly lower
– Speculation rising of a EU wide deposit guarantee plan to be endorsed by German Chancellor Merkel
– EU growth initiatives will be announced in June, but without abandoning fiscal prudence
– Major European PMI Manufacturing miss market expectations
– German IFO falls for the first time in 7 months
– UK Q1 GDP second reading revised slightly lower
– Speculation rising of a EU wide deposit guarantee plan to be endorsed by German Chancellor Merkel
– EU growth initiatives will be announced in June, but without abandoning fiscal prudence
