October 10, 2012
- in Uncategorized by schooloftrade
Beige Book report gives insight to Fed Meeting, News pushed back to Thursday
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The James’ Report: Day Trading Strategies for Professional Traders
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CONSISTENCY PAYS: Professional traders understand that the amount of time we spend watching screens, studying the markets, and reviewing our trades doesn’t matter if we are operating without a consistent plan. Similar to reading a book backwards, if a new trader sits down at their desk and simply WATCHES the charts, using different technical indicators and strategies every day, and listening to different guru’s every evening they will never improve to the level of their full potential. Professional traders have a plan, and every day they seek to learn more about the markets they trade in relation to that plan. Today, take a moment to think about the time you’re investing in your trading, and think of ways you can make your time better-invested with more consistent focus on your trading plan. News from Europe & Asia for US Morning Session:
Following the lower open, most European bourses have remained in negative territory, led by declines in Spain’s IBEX-35.Italy’s FTSE MIB is lower by over 0.50%, as the government sold bill at higher yields than what was seen in Sept (ECB announced its OMT bond buying plan on Sept 6th). Banks are trading mixed, with UK financials outperforming, while Spanish banks have lagged. Overall, European bourses are on track for the third straight session of losses, as the USD continues to strengthen and traders assess the impact of slowing growth on corporate results.
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the Complete Morning Prep for Day Traders Here
the Complete Morning Prep for Day Traders Here
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