Traders Return from Holiday, ECB President in Spotlight

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— The Great Gift; Every professional trader has one thing in common, they all began with lofty goals for their trading careers, and stuck to their plan to achieve those goals.  The great gift to every trader is the world of opportunity that comes our way every morning we […]

Crude Oil earns +175ticks with a simple day trading strategy buying pullbacks

Wow what a way to end the week!  The Fireworks were going off BEFORE the Holiday started this morning in our Live Trade Room.  We began the day with 3 winning trades called LIVE in real-time helping us smash our daily goal and get this day off to a great start! We began the day […]

US Dollar Index and Crude Oil Futures Technical Analysis Prep

830am EST  The dollar index is trading above the PHOD so this is an outside trading day (buyers in control).  We know the price wedge lows held as support and price is moving higher into the overhead trigger-zone resistance.  We know the dollar index has NO VOLATILITY right now according to the heat map on […]

Traders Prep for Sloppy Markets ahead of July 4th Holiday in US

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— Greater Purpose;  Every successful trader has one thing in common, a greater purpose than themselves.  Some traders are working for family, others looking for fame.  Most traders begin looking for mountains of profits, and once they reach the top of their careers they begin to work […]

Crude Oil and E-Mini Russell Futures Technical Prep

900am EST The Crude Oil OPEN trade has produced a bullish bias so we’re looking to buy using the wave pattern at this time it the morning with a target of 84.10.  we can see the bearish price channel on Crude Oil 144-range chart, along with the price action trading INSIDE DAY just below the […]

News and Dollar Index Correlation Prep

800am EST The bullish market sentiment this morning is coming from the EU Summit agreement on terms over the weekend, and the early morning news from Europe regarding the unemployment rate and PMI.  The big question today in the US morning session is, will this continue in the US?  We will be looking for clues […]

Traders react to EU Summit, Prep for 10am EST Economic News

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— The Trader’s Journey;  A professional trader goes through many phases of their careers, and even though every person has a different story to tell, they are always consistent with other traders.  Think of where you are today, where you’ve been in the past, and where you’re working hard […]

Obamacare Explained

Euro and Gold Futures are waiting for the Dollar Index to move higher for the reversal

900am EST The euro currency futures are trading above the PHOD so we’re bullish on the Euro, but just like the other markets we’re wondering if the big jump on the news overnight is still strong enough to keep going higher.  We’re already seeing the highs start to form on these markets, and if the […]

830am Day trading prep for news and crude oil futures

830am EST This morning we see bullish market sentiment on the markets we trade after news from Europe gave new life to the recovery process.  Keep in mind, this can easily fail now and tumble back down if there is anything of concern that starts to come out.  Like a soap opera, we never know […]