Euro moving lower into double-top support, so looking for price reversal buying opportunities at PLOD 1.3315 or if we make new lower-lows we will sell retracements. Crude oil trading outside day at this time, just above the PHOD so we’re buying pullbacks. Remember to look to look for the failure if prices drop below the […]
Continue readingDay trading strategy for dollar index uses multiple timeframes and begins with the 89 range chart to find the most important support and resistance levels. We can see the major trigger-zone below us has held as support, and we trade this morning at the PHOD which means we can expect to see rising prices on […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Professional traders understand the value of picking up nickels and dimes throughout their day, month, and career. Every day is a new opportunity to learn more, and the collection of lessons we learn from the markets every day may not appear to have an […]
Continue readingWe began this morning with a day trading strategy that used economic news, the dollar index, and simple price structures to plan our trades ahead of time and then we sat back and waited for price to come to us and we traded that plan perfectly. We didn’t have ALL winning trades today, that’s not […]
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Continue readingDifference between pullbacks and retracements – Pullbacks are when the price moves higher and then ‘pulls back to Support’. – Retracements are when the price moves lower and ‘retraces off the lows’ When we announce entries ahead of time? – With the fast track method trades – Every new trader will begin on the fast […]
Continue readingour day trading strategy on gold futures uses the 89range chart to locate the major bull price channel, and then we use the 55range chart to find the price wedge and the inside day, and then move faster to the 34 range chart where we can see the double-top and the support that come with […]
Continue readingOur day trading strategy for E-Mini-Russell uses multiple timeframes and begins with the 89 range chart with over 180 days of market data. We can see the AB=CD pattern reversal-zone which provides major resistance overhead so we look for price to fail at these highs so we can sell it short. We can see the […]
Continue readingThe day trading strategy for the euro currency futures starts with the 89 range chart and we can see we’re at the highs of the bull price channel, the trend lines as resistance overhead, and the inside trading day below the PHOD. With price off the highs we need to stay patient and wait for […]
Continue readingThe day trading strategy for crude oil begins with the 89 range chart and we can see the bull channel and the price wedge that has formed off the highs. We are trading inside the range from Tuesday and we can easily see major support and resistance above and below us. The 89 range chart […]
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