Our day trading strategy begins with the dollar index, we’re looking for possible turning points (Mmajor support or resistance) and the short term trend. remember the short term trend can change quickly. We quickly see the outside day, below the PLOD, and a short term trend that is bearish, and a major support level at […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— ***Notes/Observations from around the world*** – Australia Job data worse than expected – Greek PSI discussions continue – S&P registers its first close above 1300 since summer 2011 – First bond auctions in France and Spain since the ratings cuts go reasonable well – […]
Continue readingWe began the day trading strategy in our live trade room with some concerns over volume due to the fact that crude oil futures were sharing volume from the 02-12 contract rolling forward to the 03-12 contract, and our normal inventories news on Wednesdays had been delayed until tomorrow. We knew that traders would likely […]
Continue readingOur day trading strategy this morning revolves around crude oil to begin with, and we thought we would see contract rollover but the volume has not increased enough on the next front month 03-12 contract. This is concerning because now botht he 02-12 and 03-12 contracts are sharing volume between the two, so neither of […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— ***Notes/Observations from around the world*** – European shares traded cautiously albeit in positive territory following bleaker outlook from the World Bank. The latter cut its growth outlook for 2012 and 2013 warning against weaker developing country growth and EU crisis. The somber updated overshadowed […]
Continue readingWe opened our live trade room this morning after a long weekend to see many of our favorite futures markets trading at their highs after news from china and germany had given the market sentiment a boost overnight. our day trading strategy is very simple, we were trading crude oil, euro, russell and gold futures. […]
Continue readingThis morning we sold the highs of the range on the euro expecting price to drop down to the PLOD, and the sellers have failed. Now we need to be open to both directions long and short, and our strategy is to be careful wait for the best pattern and make sure we have our […]
Continue readingOur day trading strategy this morning begins with the dollar index futures, and we start with the 13-range chart which will show me the short term trend and help identify major turning points in the market. The dollar index 13-range chart shows us trend line support, which has created a price wedge, as well as […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— ***Notes/Observations from around the world*** – S&P downgrades EFSF one notch to AA+ following the prior French, Austrian cuts – China Q4 GDP at 2 year lows but above analysts’ estimates – Germany Jan ZEW Survey improves to its best reading since July 2011 […]
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