The US Dollar Index day trading strategy uses the negative correlation as our main principle and we look for major turning points (support and resistance) along with clues for the short term trend to make educated trading decisions. Today we can see the dollar on the 55 range chart has major trigger zone support below […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— As humans, we are trained to look at the bright side of things, think positively, but professional traders know that we learn more from our mistakes than from our successes. Do you remember the last bad trading mistake you made? You should, because reflecting […]
Continue readingWe’ve had an incredible week! +65, +145, +150, +200 ticks each day this week in our live trade room all according to our simple day trading strategy. Day Trading Strategy Results Our day trading strategy this morning was tailored for a Friday. We know that Friday’s are always going to have trading opportunities, but they […]
Continue readingThe mini Russell day trading strategy uses a lot of big clues from multiple timeframes. First the 89 Range chart shows us the AB=CD Major Reversal Zone at 832.0 and we have been selling off those highs all week. Russell Day Trading Strategy The 55 range on the russell shows the Previous Day’s trading range […]
Continue readingOur day trading strategy for crude oil futures uses this bear price channel, price wedge, double-top, and the trigger zone as our biggest clues. We can see that the big drop off the highs occured around 830am news this morning so we missed the big drop off the highs around the news and now we’re […]
Continue readingThe euro currency futures trading below the range from thursday, so this outside day tells us to sell retracements from the beginning. Then we see the price wedge below us and we realize we can sell the highs of the wedge below and take profit at the wedge lows. If price keeps dropping we sell […]
Continue readingWe begin our day with the dollar index, which is used to locate the short term trend (if any) and the major turning points in the market. The dollar index has a negative correlation so we look for a trend to follow or a possible trend reversal location using the 13-range chart because we’re looking […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— A wise trader greets the market every day without preconceptions. If we fail to do this, we will fail to fully-develop as traders because our opinions and beliefs will blind us to what the market may really be trying to tell us. Some experienced […]
Continue readingWe used another simple trading strategy this morning in our live trade room to earn over 150 ticks of profit in a somewhat challenging session from 800am to 1230pm EST. The day began with jobless claims news at 830am EST which came out lower than expectations and from that news we saw very little movement […]
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