The Dollar Index is looking a lot like a fake-out breakout market this morning with the big wicks and the price wedge above the ‘trigger zone’. Look for the Dollar index to be at the major turning points on this chart for the best trading opportunities. Now move faster to the Dollar Index 13range chart […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Let’s review today’s day trading strategies together in the live trade room ————————————————————————————— Around the Globe this morning: – European shares advanced at the opening after rating agencies reaffirmed US rating after Congress super committee disagreed on the budget cuts. President Obama noted that he […]
Continue readingWe capitalize on fake-out breakouts with a very simple day trading strategy that uses basic technical indicators and a general understanding that the market gives us big CLUES before it attempts to break out of a current trading range. The term ‘fake-out breakout’ simply means that we are expecting to see price break new highs […]
Continue readingDow -308 S&P -30 NASDAQ -68 ***Economic Data*** – (PD) Poland Oct Sold Industrial Output M/M: -2.4% v -2.0%e; Y/Y: 6.5% v 7.2%e – (PD) Poland Oct Producer Prices M/M: 0.1% v 0.3%e; Y/Y: 8.5% v 8.3%e – (CA) Canada Sept Wholesale Sales M/M: 0.3% v 0.7%e – (US) Oct Chicago Fed Nat Activity Index: […]
Continue readingWe begin our day with the dollar index, the average true range tells us this morning is all about patience. The ATR is lower today @ 815am than it was on Friday @ 815am EST so we need to use this as a clue to be patient for this Monday morning to wake up a […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Let’s review today’s day trading strategies together in the live trade room ————————————————————————————— Around the Globe this morning: – European shares slipped for the third session. If there is one thing on which US lawmakers can agree is to disagree on reaching an agreement on […]
Continue readingThe Fast Track Day Trading Strategy was designed with new day traders in mind. My goal with the Fast Track was to produce a day trading strategy that would help my clients learn to day trade, and also EARN profit at the same time. When I began trading 10 years I lost countless amounts of […]
Continue readingDow +50 S&P +3.5 NASDAQ -1 ***Economic Data*** – (AR) Argentina Oct Budget Balance: No est v 449.0M prior – (CL) Chile Q3 Gross Domestic Product Y/Y: 4.8% v 4.8%e; Current Account: -2.9B v -$1.4Be – (CA) Canada Oct Consumer Price Index M/M: 0.2% v 0.1%e; Y/Y: 2.9% v 2.8%e; Consumer Price Index: 120.8 v […]
Continue readingThe Dollar Index is showing us clues this morning. First we start with the average true range, which is the same today @ 800am est as it was earlier this week. This tells us to expect much of the same price action early in the morning as we saw this week, so be patient and […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Let’s review today’s day trading strategies together in the live trade room ————————————————————————————— Around the Globe this morning: – European shares fell on continuing rising yields, especially in Spain which fueled contagion fears. But equities pared their losses after circulating chatter that ECB was buying […]
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