May 1, 2012
- in Uncategorized by schooloftrade
Markets Flat as Traders Prepare for Manufacturing Data, Construction Spending
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The James’ Report: Day Trading Strategies for Professional Traders
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Professional traders have learned there is no such thing as the ‘magic indicator’ or any get-rich-quick in day trading over the long term. Professional traders most importantly understand that their trading success relies on the execution of small, methodical tasks each day to accomplish the long term goal. There may not be one ‘magic wand’ or one specific theory that makes it all possible, but traders know that when they follow a simple trading plan, all the little things come together to form ‘the one’ reason why a trader is successful.
What happened Overnight:
– In London, the FTSE 100 opened the session slightly higher and is currently up by about 0.30%, amid the release of weaker than expected April UK manufacturing PMI. In terms of specific sectors, banks and resource related companies are trading mostly higher. The other main European indices are closed in observance of the May Day holiday.
– Continental Europe closed for May Day (Labor Day) holiday
– RBA cuts by 50bps to 3.75% (more than expected)
– China remains on course for a soft landing with PMI Manufacturing improving for the 5th straight month to a 13-month high reading of 53.3
– UK PMI Manufacturing at 5-month low but holds above the 50 level
– RBA cuts by 50bps to 3.75% (more than expected)
– China remains on course for a soft landing with PMI Manufacturing improving for the 5th straight month to a 13-month high reading of 53.3
– UK PMI Manufacturing at 5-month low but holds above the 50 level
Prepare for your trading
with these charts today:
with these charts today:
Crude Oil
Futures
Futures
Gold
futures
futures
E-Mini-Russell
Futures
Futures
Euro
Currency Futures
Currency Futures
