September 4, 2012
- in Uncategorized by schooloftrade
Traders Return from Labor Day Holiday
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The James’ Report: Day Trading Strategies for Professional Traders
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IDENTIFY THE FUTURE: Many new traders believe that trading is all about predicting the future, and making profits from it. More accurately, professional traders work hard to identify the changes that have already occurred, using that understanding to exploit new opportunities for profits. Don’t worry about predicting what will happen tomorrow, and certainly don’t worry about what you do not understand at this moment. A professional trader focuses on the most recent information and uses it to make easy profits in the future. News from Europe & Asia for US Morning Session:
– US Traders return from Labor Day Holiday
– RBA keeps rates steady with commentary view as ‘not so dovish’ Economy running close to trend (Dealers note that they do not mention of which way the trend was going
– Moody’s changes outlook on EU AAA sovereign rating to negative
– Market pressure on ECB to provide details of bond buying at Thursday’s monthly press conference
– Shorter end of European peripheral bond yield sharply lower; Italy spread between the 2-year and 10-year bonds at 330bps, record wide level
– Swiss Q2 GDP comes in lower with prior Q1 revised lower
– Moody’s changes outlook on EU AAA sovereign rating to negative
– Market pressure on ECB to provide details of bond buying at Thursday’s monthly press conference
– Shorter end of European peripheral bond yield sharply lower; Italy spread between the 2-year and 10-year bonds at 330bps, record wide level
– Swiss Q2 GDP comes in lower with prior Q1 revised lower
– European stocks began the day basically stable but drifted lower after the open on Tuesday. The price action initially shrugged off Moody’s decision to downgrade the outlook on the European Union’s long-term AAA credit rating from stable to negative and instead seemed to be keeping faith with the euro amid rising expectations that the ECB would announce a round of sovereign debt purchases on Thursday.
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the Complete Morning Prep for Day Traders Here
the Complete Morning Prep for Day Traders Here
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