April 17, 2012
- in Uncategorized by schooloftrade
Traders Prep for Global Outlook & Industrial Production News Tuesday of OPEX
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The James’ Report: Day Trading Strategies for Professional Traders
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Professional traders have a long term plan of learning and earning from the markets. This plan is also broken into smaller, bite-size pieces throughout the day, week and month so that the trader can truly focus on each individual accomplishment and master it. A wise trader knows that the most important job today is the one 6-inces in front of him/her and the most important thing we can do TODAY is to focus on the task at hand, making sure we master it, and then moving onto the next obstacle in our way in a methodical and calculated approach. Professional Traders understand that the true definition of success is to see a trader ‘trade when they trade, and nothing else.’
Crude Oil Futures
Gold futures
E-Mini-Russell Futures
Euro Currency Futures
***Notes/Observations from around the world***
– India cuts rates more than expected
– Argentina nationalizes Repsol (Spain) Argentine unit.
– Spain Bill auction result saw strong bid-to-cover coupled with higher yields; sold just above the indicative range
– IMF to update its global outlook later today
– Japan became the first non-European country to pledge extra money to IMF; Sweden pledges at least $10B
– German ZEW Survey continues to improve
– Key US corporate earnings include Coca Cola [KO], Johnson & Johnson [JNJ]; Goldman Sachs [GS] and State Street Bank [STT]
– Argentina nationalizes Repsol (Spain) Argentine unit.
– Spain Bill auction result saw strong bid-to-cover coupled with higher yields; sold just above the indicative range
– IMF to update its global outlook later today
– Japan became the first non-European country to pledge extra money to IMF; Sweden pledges at least $10B
– German ZEW Survey continues to improve
– Key US corporate earnings include Coca Cola [KO], Johnson & Johnson [JNJ]; Goldman Sachs [GS] and State Street Bank [STT]
– European equity indices opened the session mostly lower, but indices have since more into positive territory,
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complete morning prep here
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read the
complete morning prep here
Log into the live trade room here
