Our day trading strategy this morning included a price wedge, economic news, and a surprise release from the S&P regarding the downgrade of many EU countries, which really sent the markets into a panic for the balance of the morning. We began the day with a very simple strategy, we wanted to use the price […]
Continue reading– It appears that the S&P downgrades of euro zone sovereigns are imminent. Before the open of US trade, another round of France downgrade rumors made the rounds, however this time there was greater intensity to the reports, prompting reports in financial media and responses of “no comment” from S&P itself and the French Treasury. […]
Continue readingOur end of morning trading strategy for crude oil uses the lower volume and the big drop over the past 2 days to look for opportunity to rise back up to 100.00 which is also the OPEN from earlier Friday morning. An aggressive entry is to buy above Previous LOD at 98.50 with the stop […]
Continue readingWe begin our day trading strategy this morning with the dollar index, specifically looking for major turning points, the short-term trend, and current market personality. We see the dollar index has failed at the lows of the range from thursday and the channel lows, so the DX should keep rising up to the 81.550 and […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— ***Notes/Observations from around the world*** – European shares rallied after Italy managed to sell bonds in its indicated range. Yesterday Italy successfully auctioned one year bills, while Spain sold twice the intended amount; the streak of well-received bond auctions has reignited risk appetite in […]
Continue readingToday was an excellent example of a simple day trading strategy that we executed to perfection, and our members were rewarded handsomely. Our morning prep identified an obvious price wedge on dollar index futures which we knew would be BIG clues for trading other markets, and when the news at 830am EST Jobless claims were […]
Continue readingHere are the highest percentage areas for selling short on the euro currency futures contract. Click here to review the Euro Chart The Euro double bottom trading strategy gives us significant short term selling points.
Continue readingWe begin our day trading strategy with the dollar index 13-range chart. This will show me the short term trend, and we can see it sideways, forming a price wedge. Remember, a price wedge is a BIG clue and we need to stay away from the middle of the wedge, focusing our attention on patterns […]
Continue reading————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— ***Notes/Observations from around the world*** – China Dec CPI hits 15-month low – Spain sells almost double the intended amount in bonds – No changes expected at BOE and ECB rate decision today- European shares rallied after Spain sold twice the amount anticipated during […]
Continue readingThis morning’s price wedge strategy was an excellent example of how technical patterns and fundamental analysis of the news will sometimes clash at certain points in the market. Every Wednesday @ 1030am EST we see inventories from crude oil futures and this morning we also had a very specific day trading strategy that involved buying […]
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