July 20, 2012
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Gold & Euro Futures Technical Analysis Prep
845am EST Gold futures trading at the lows of the short term price wedge and its trading in the middle of the longer term price wedge. The middle of ANY trading range is always expected to be a little sloppy, so today on gold futures we can only assume this price action is going to […]
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Dollar Index & Crude Oil Futures Technical Prep
815am EST Dollar index is trading higher this morning after a drop off the highs from Thursday. We can see the trigger-zone resistance overhead along with the highs of the price wedge and the double-top resistance. We know right now the dollar index is coming into resistance and this is likely to stall this price […]
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Options Expiration Friday, Low Volume Day Trading Opportunities
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— OPPORTUNITY; Every day is a new opportunity to learn from the markets we trade, earn income for our family, and provide generations to come with opportunities to do the same. Most people can see the opportunity that being a professional trader can bring. Not only are […]
Continue reading July 19, 2012
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Trading Wacky Wednesday earns over 100-ticks of profit with this day trading strategy
This morning was another incredible day of trading in our live trade room. We were given the opportunity this morning to learn more about Wacky Wednesday of OPEX, along with the proper way to enter a trade when the market is trending, along with when the market is going to reverse. Click here to […]
Continue reading July 19, 2012
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Gold Futures Technical Prep
9:00am EST Gold futures are trading in the middle of the range, and looking very narrow as we sit right on top of the PHOD. This area tells me the traders on gold futures have no confidence to go higher or lower. As we sit on the PHOD this tells me the buyers tried to […]
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Dollar Index and Crude Oil Futures Technical Analysis
815am EST The dollar index traded lower off the highs of the price wedge the last 24 hours, and we find ourselves in the middle of the range and just below the PLOD. With the dollar index below the PLOD this does tell us the sellers are in control, so using the negative correlation we […]
Continue reading July 19, 2012
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Jobless Claims, Philly Fed Survey on our Radar today
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— THE MEANING; Professional traders understand that everything in the markets we trade has a reason and a purpose. Price never moves without a reason, and every time someone enters or exits the markets there is a purpose. As new traders we seem to always be trying […]
Continue reading July 18, 2012
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Gold and Euro Futures Technical Analysis
900am EST The euro currency futures continue to trade sideways at the trend line support drawn from January of this year. This trend line is clearly a technical support that appears to be mixing with some buying of the euro above the fundamental big round number of 1.2000. Is something keeping this price propped up? […]
Continue reading July 18, 2012
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Dollar Index and Crude Oil Technical Analysis
830am EST We begin our day with a review of the heat map, which tells us the dollar index is rising, with all of our favorite futures moving lower. The dollar index is trading at a positive 0.2% which is ALMOST where we need it to get the strong dollar index correlation. We also know […]
Continue reading July 18, 2012
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Crude Oil Rollover, Ben Bernanke and Wacky Wednesday Traders Prep
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— THE PLAN: Professional traders understand the value of a solid trading plan, and the process of developing that plan is just as important as the execution of the plan when its in place. We’ve all heard this before, it’s the journey not the destination, and this […]
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