Not much has changed from Tuesday to Wednesday’s day trading strategy for crude oil. We still have the bear price channel and the AB=CD pattern reversal zone. We are still looking for price to fall below the 101.65 so we can sell retracements. It also happens to be the PHOD 101.84 and when we fall […]
Continue readingOur day trading strategy for the dollar index begins with the 55 range, and we can see the major trigger-zone as support below us, price wedge with trend lines, and the range from Tuesday we are trading inside day. This 55 range chart shows me the most important levels of support and resistance, and with […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Professional traders learn very quickly the value of technology in their careers, but for some of us new technology means stress to learn how to use it, and we struggle to keep up with everything new which comes out so quickly. Just like the […]
Continue readingTuesday, February 14, 2012 4:30:04 PM *(US) API PETROLEUM INVENTORIES CRUDE: +2.9M V +1.5ME (largest build in 3 weeks); GASOLINE: +1.81M V +500KE; DISTILLATE: -2.16M V -1ME; UTILIZATION: 83.7% V 83.9% W/W- Cushing crude inventory: +1.98K bbl to 32.5M barrels
Continue readingOur day trading strategy this morning was simple. Use the early morning 830am EST Retail Sales news to get the market personality moving early, and then be ready for the 1000am EST testimony from Tim Geithner to slow things down considerably. Live Trades Today Our day trading strategy for the dollar index was simple, we […]
Continue readingThis was one of the easiest trades of the month, and it was called live in the trade room today after we had prepped to sell the highs on crude oil for over an hour. Look closely, you can see we called the entry, stop, and 2 profit targets well in advance so everyone could […]
Continue readingcrude oil futures were halted by the CME/NYMEX on Monday afternoon because of technical issues on the NYMEX. More information on why the Crude Oil stopped trading can be found here.
Continue readingGold futures trading in a price wedge, we want to buy the lows, sell the highs, and avoid the middle of this range. As price rises im looking to sell at wedge highs and resistance above wedge highs. as price falls im looking to buy at wedge lows and the support below wedge lows. Gold […]
Continue readingCrude Oil futures have been slopping around for the past 2 hours, we took some easy profit out of this market earlier today but no lunch has it slow and sloppy. We need higher highs on crude to buy pullbacks, and remember buying new highs will be higher risk. We need to get below the […]
Continue readingThe mini russell failed to break the wedge lows and move below the PLOD, so now we look to buy the wedge lows and buy as the sellers have failed to make new lower lows. This day trading strategy is nothing new, we use this simple strategy on any market, any timeframe, anything that moves. […]
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