December 7, 2011
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day trading strategy for professional traders
The dollar index is trading higher this morning in a bullish price channel, and inside the range from Tuesday. This tells us the sellers failed at the PLOD and this should test the PHOD at 78.975. With the dollar index rising we want to sell retracements with new lower lows on the markets we trade. […]
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Day Trading Strategies for Dollar Index , Euro, Crude, Russell and Gold futures
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Around the Globe this morning: – Markets are ignoring recent history as shares hit 5-week high on optimism that the EU summit on December 9th will provide a solution to the debt crisis. Financial press reported that EU official were discussing running both ESM […]
Continue reading December 6, 2011
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Dollar index and Gold futures day trading strategy
Our day trading strategy this morning was simple. We saw a price wedge on the dollar index which told us to be very careful this morning. The next clue we saw was from gold futures, with a price channel, outside day, and breaking the lows of our major trigger zone support. Our day trading strategy […]
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Gold futures fully-automated trading system
Our automated trading systems work incredibly well in any market environment. Recently, it’s been challenging to trade gold futures with a discretionary approach because of all the whippy price action, but as you can see here, our automated trading system is doing just fine. Gold automated trading took 6 trades in the past 48 hours, […]
Continue reading December 6, 2011
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Trade the News Market Internals update at 14:00ET
Dow +31 S&P -1 NASDAQ -9 ***Economic data*** – (GE) Germany Oct Factory Orders M/M: +5.2% v +1.0%e; Y/Y: +5.4% v 1.9%e – (BR) Brazil Q3 GDP 0.0% v 0.0%e; Y/Y: +2.1% v +2.4%e – (US) Weekly ICSC Chain Store Sales w/e Dec 3rd: -2.3% +3.8% y/y – (CA) Bank of Canada leaves interest rate […]
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Day Trading Strategies for Dollar Index , Euro, Crude, Russell and Gold futures
We begin our day with the dollar index, and with the news out of europe overnight we expect to see the dollar continue to rise with the euro potential falling to new lows. We begin with the 13-range chart for the Dollar Index, which is fast enough to show us the short-term trend on the […]
Continue reading December 6, 2011
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Day Trading Strategies for Dollar Index , Euro, Crude, Russell and Gold futures
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Around the Globe this morning: – European stocks dropped following S&P’s announcement that it was putting 15 Eurozone nations on negative watch for possible downgrade. Depending on the outcome of EU summit on Dec 9th, triple-A nations like Germany and France may lose their […]
Continue reading December 5, 2011
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Trade The News Market Internals Update at 14:00ET
Dow +148 S&P +19.5 NASDAQ +40 ***Economic data*** – (CL) Chile Oct Economic Activity Y/Y: +3.4% v +4.5%e – (RU) Russia Oct Consumer Prices M/M: +0.4% v +0.6%; Y/Y: +6.8% v 7.0%e; CPI Core M/M: +0.5% v +0.5%e – (SI) Singapore Nov Purchasing Managers Index: 48.7 v 49.7e; Electronics Sector Index: 50.9 v 51.5e – […]
Continue reading December 5, 2011
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Day Trading Strategies for Dollar Index , Euro, Crude, Russell and Gold futures
The Dollar Index is where we being our trading day this morning, and our trading strategy takes advantage of the negative correlation with the US Dollar Index looking for major turning points in the market each day. The Dollar Index this morning on the 89range chart is showing the major zone below us, the minor […]
Continue reading December 5, 2011
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Day Trading Strategies for Dollar Index , Euro, Crude, Russell and Gold futures
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Around the Globe this morning: – European shares rallied in today’s session following Italy’s announcement of new austerity measures and the meeting of Sarkozy and Merkel. The Italian government announced new measures which would include a €20B in cuts and €10B in stimulus through […]
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