April 18, 2012
- in Uncategorized by schooloftrade
Traders Prep for Wacky Wednesday & Crude Oil Inventories
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The James’ Report: Day Trading Strategies for Professional Traders
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Professional traders understand the when price move higher or lower, there is a story being told. A good example of this is when price action moves to a new low of the day. Are the buyers failing to move higher or is this the sellers strength to the downside? If Crude Oil inventories come out lower and prices drop, what is that telling us? As traders we see candlesticks, but what is really being perceived in the markets is what’s most important. Professional traders are always asking themselves, who is in charge right now, and how can I capitalize on it
***Notes/Observations from around the world***
– European equity indices opened the session lower, following the gains seen on Tuesday’s session. Indices have remained in negative territory amid broad weakness in the banking sector. Ahead of Thursday’s bond auction, Spain’s IBEX-35 has underperformed. Spanish banks are lower after data from the Bank of Spain showed that in Feb bad loans rose to the highest level since the mid -1990s, while a separate report revealed that in Q1, Spanish housing prices declined by 7.2 y/y.
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
