July 11, 2012
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Euro Currency Futures Technical Analysis
930am EST The Euro currency futures are moving lower this morning to the lowest point since 2008. The Euro is highly correlated to the dollar index so we can keep that in mind today as we take our first few trades on the euro. We can see the trend liens coming from overhead to provide […]
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Dollar Index & Crude Oil Futures technical analysis
730am EST The heat map this morning tells us the dollar index is moving lower, and outside the 0.0-0.2% range we can use the dollar index correlation with confidence today until something changes. The dollar index is still chopping around in this very clear sideways trading range. The dollar index is at the highs of […]
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Euro tests 2008 Lows, US News gets us started 830am today
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Investment in time; Professional traders learn the basics first, develop their skills, and have the ability to earn profit in any market they chose. We invest our time in learning how the markets work, how to execute a trade, and the management of the trade. If we […]
Continue reading July 10, 2012
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Lost -50ticks, Made it ALL back +100ticks with Fast-Track Trading Method
This morning was an excellent example of how a small mistake can be magnified if you don’t follow your trading plan. An even BETTER example this morning was AFTER losing 50 ticks on a bad trade, we stuck to our trading plan and made it ALL back and ended with +100ticks of profit. Another […]
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E-Mini-Russell is moving higher, will it Continue?
930am EST E-Mini-Russell is moving higher above the PHOD so we’re buying pullbacks with new higher-highs. We will take profit on these long positions at the range highs and the PHOD overhead. We can see the short term bullish price channel, the outside day just above the PHOD, and the trigger-zone support below us if […]
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Crude Oil & Gold Futures Morning Technical Analysis Preview
830am EST Let’s review these markets today. Crude Oil is trading inside day, inside a price wedge and we want to buy the lows/support and sell the highs/resistance of this price structure. A price wedge on Crude Oil tells us there is high-percentage trades waiting for us when we fade-the-breakouts. This means when price makes […]
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European equity indices opened session higher and are continuing to gain
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— The Golden Rule: Never assume today will be just like yesterday, or that your favorite market will be just as volatile. Instead, focus on understanding why price moves up and down on a chart. Focus our attention on learning price action, supply and demand, and the […]
Continue reading July 9, 2012
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Monday Summertime day trading strategy earns profits
This morning we began a new week with some concerns over volume. We had a few reasons to be worried this morning; first, the long holiday break told us many traders would likely be coming back a little late to their desks today. Second, it’s a Monday, and we always use discipline and a […]
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dollar index futures & e-mini russell trading prep
900am EST Dollar Index Charts The dollar index futures are trading at the highs of the range from Friday, and this tells us that the buyers aren’t quite strong enough to push new higher-highs, and if the sellers have their way, the PHOD 83.605 will be a reversal point for falling prices. If prices move […]
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News Prep & Crude Oil Technical Analysis for New Traders
800am EST Our plan this morning is to get back into routine of being a successful trader, following our trading plan, anticipating moves before they happen, and planning for the news this week. The worst thing we can do on a Monday is to jump into our trades too early, so be patient today and […]
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