April 19, 2012

Traders prep for Jobless Claims, Philly Fed Survey, as G20 Summit Begins

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The James’ Report:  Day Trading Strategies for Professional Traders
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Professional traders understand that every step in the learning process is important, and we must accomplish each step as we develop from beginner to professional.  If we do not learn the basics first, then apply those basics to advanced techniques we will never achieve the long term success we’re looking for.  There are plenty of opportunities along the way to cut corners, life is full of get-rich-quick schemes, but in the end the only true way to master any skill is to put in the time and effort to learn each aspect that makes up a professional traders education.
***Notes/Observations from around the world***
– European equity indices opened the session higher, with slight gains in the banking sector. However, banks and equity indices overall are trading mixed following the release of Spain’s bond auction results. Spain’s IBEX-35 continues to lag the other European indices, as the index traded near 3-yr lows earlier during the session.
– G20 Summit Begins today, finance ministers around the world attend
– Australia PM Gillard says RBA has room for interest rate cuts
– German-ECB relationship said to be nearing a ‘breaking point’
– Spain 2-teir bond auction was success but markets turns a bit soar afterwards
Prepare for your trading
with these charts today:
Crude Oil
Futures
Gold
futures
E-Mini-Russell
Futures
Euro
Currency Futures

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