Can you spot the PERFECT Double-Bottom in this illustration?

Dollar Index Chart Prep

Heat Map:  What is it telling us? Bearish dollar index = bullish markets OHLC Analysis: 3/4 tells us short-side bias Overnight Highs & Lows: Well below them both, says bearish Are we inside or outside day today? Outside day, below the PLOD What price-structures do we see? Price wedge :  bullish Price channel : major […]

Durable Goods, Jobless Claims & ‘Tiny’ Timothy Geithner grab spotlight in US Session

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— DEFINITION:  How would you define yourself as a trader?  Disciplined?  Aggressive?  Creative?  We may use many different words to define what we view ourselves as a trader, but in reality it’s our actions that truly define who we are in any career path we chose.  Simply […]

Rebounding from a loss to earn profit using this day trading strategy

This morning was an amazing day, even with the sloppy price action we saw from most of the markets.  Did someone say summertime?  It’s definitely been inconsistent when it comes to volume this week, and with the end of July around the corner we’re excited to have made profits today, even after getting into some […]

E-Mini-Russell is trading in the middle of the trading range

10:00am EST E-Mini-Russell is trading in the middle of the range from yesterday, with a perfect example of a 55-range wave pattern short, which can give us the directional bias to trade short with a faster chart timeframe such as 13 or 21 wave pattern.  We can see a bullish AB=CD Pattern support at the […]

euro currency futures market is trading bullishly

8:45am EST The euro currency futures market is trading bullishly off the lows from earlier this week, above the PHOD so the charts tell us to buy pullbacks and get long!  The dollar index correlation also confirms that buying with our wave-pattern will be the high-percentage trades today.  Our plan for trading the euro this […]

Gold futures trading just above the price wedge

8:30am EST Gold futures trading just above the price wedge.  The price structure tells us to sell the highs and buy the lows, and since we have broken to new highs, we will use the biggest clue from the price wedge to tell us to be patient and sell the highs overhead if price keeps […]

Crude Oil Inventories on our Radar Today

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— SIMPLICITY;  Professional traders must do everything in their power to keep simplicity in their trading operations every day, however this can be easier said than done.  Most of us human beings over-complicate our lives, and it can be hard to return to our most simplest form […]

Tape Reading & Pace of Tape helped earn +100ticks today

Disclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]

E-Mini-Russell trading at the lows of the bull price channel

10:00 EST E-Mini-Russell trading at the lows  of the bull price channel just below the trigger-zone support and about to test the PLOD.  We know the E-Mini-Russell loves the PHOD and PLOD, so if we make new lower-lows we sell with wave-pattern short, and if the sellers fail and move back above the PLOD we […]