August 15, 2012
- in Uncategorized by schooloftrade
Traders Prep for US Morning Economic News
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The James’ Report: Day Trading Strategies for Professional Traders
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MASTERY: Many people believe that professional traders rely on supernatural powers, superior intelligence, or excessive working hours to become success in this business. Ask any successful trader and you will quickly learn, this is certainly not true. The secret to a trader’s success is quite simple; we have to MASTER the moment. At first this seems to broad, too simple, this can’t be the answer, right? Think about the times when your body is here, but your mind is somewhere else. If you are working, and thinking of play, you will accomplish neither. This theory is simple to understand, but executing this in our daily routine is challenging. Take the time today to look at your personal routine. How can you do a better job at slowing down, and living in the moment? Are you eating when you eat? Trading when you trade? Sleeping when you sleep? —————————————————————————————
News from Europe this morning:
– Assumption Day holiday in Europe, ITA, Austria and Greece closed
– UK employment data better than expected
– BOE Minutes: Did not show any discussion of an interest rate cut
– China PBoC may purchase govt bonds in the secondary markets to supply liquidity
– UK employment data better than expected
– BOE Minutes: Did not show any discussion of an interest rate cut
– China PBoC may purchase govt bonds in the secondary markets to supply liquidity
– Amid thin market conditions, most European equity indices are slightly lower on profit taking and the scaling back of easing expectations, following the release of better than data out of Europe and the US. Of note, the DAX is weaker, despite the rise being seen in Bund yields. Banks are trading mixed, while resource related companies are lower (tracking the declines in commodity prices).
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