————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— THE HOLE; Professional Traders must always resist the temptation to over-complicate their busy lives by remember the value of our hole in their soul. Think of our minds as an empty room, an glass that is empty, or a HOLE within us. Just like the center […]
Continue readingTrade Management Crude Oil This morning our trade management strategy was the biggest key to our day trading success for a few specific reasons. We earned over 85 ticks of profit and got one step closer to our monthly trading goals for our trade room(s). Click here to read the COMPLETE Live Trade Room Recap
Continue readingCrude Oil : Crude Oil is trading at the price wedge highs and the buyers are about to fail with the wave-pattern-long. We look for short below the 92.60 level and take profit at the lows of the bull price channel. There is not a lot of market personality this morning so far, without much […]
Continue readingHeat Map: What is it telling us? Heat map says bullish, over 1.0% on the up-side. OHLC Analysis: We have 4 higher-highs so we look very bullish. However, look at the 4am EST swing-high at 799.3 which was followed by another attempt to make new higher-highs that quickly failed. You can see the swing-high and […]
Continue readingOHLC Analysis: We are 4 for 4 new higher-highs so this market is bullish, however, we can see the 4am EST highs of 6980.0. Keep an eye out for the price-reversal off this high if we cannot break above it. Are we inside or outside day today? Above the PHOD we are outside trading day […]
Continue readingHeat Map: What is it telling us? +0.4% says Crude Oil is bullish today, most likely from the falling dollar index and the fire at the refinery certainly didn’t hurt. OHLC Analysis: 4 for 4 higher-highs and we have successfully broken new higher-highs above the overnight highs. This confirms we are bullish. Are we inside […]
Continue readingHeat Map: What is it telling us? Falling dollar index this morning -0.2% tells us there’s movement on the dollar index however, we cant use the correlation until we get below -0.3%. OHLC Analysis: 4 for 4 lower-lows and we have indeed broken overnight lows. This is screaming bearish. Are we inside or outside day […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— BECOME A NATURAL; Have you ever wondered how Tiger Woods can drive the golf-ball 400+ yards only to put the tiny white ball inches from his target? Maybe a day trader? How do professional traders analyze the market price-action using the reaction to news to make profitable trading decisions […]
Continue readingThis morning was another great example of a professional trading method in action. You’re right, price-action was slow and sloppy. You’re right, most traders would have grabbed the Golf Clubs after seeing our Heat Map at 0.0% on the dollar index. You’re right, Crude Oil was supposed to fall off the highs of the price […]
Continue readingOHLC Analysis: We have 3 out of 4 higher-highs and we have broken the overnight highs. This tells us we are bullish. Are we inside or outside day today? Above the PHOD so we are OUTSIDE day today. This tells us to use wave-pattern-long to enter when price pulls back. Also tells us to sell […]
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