October 28, 2011
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Trade the News Market Internals Update at 12:00ET
DJIA +14 S&P500 -1.3 NASDAQ -3 ***Economic Data*** – (SA) South Africa Sept Budget Balance (ZAR): -17.0BB v -5.4B prior – (CL) Chile Sept Industrial Production Y/Y: 5.2% v 3.5%e; Industrial Sales Y/Y: 1.1% v 0.8%e – (CL) Chile Sept Unemployment Rate: 7.4% v 7.3%e – (CL) Chile Sept Total Copper Production: 436.7K v 427.4K […]
Continue reading October 28, 2011
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Traders look for Consumer Sentiment to finish up an exciting week
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – dollar index trading in the bear price channel lows, and we use our trigger zone to tell us where this dollar index is likely to move this morning. Expect the dollar index to rise off these lows up into the zone above us at […]
Continue reading October 27, 2011
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Russell Momentum Strategy & Dollar Index helps us hit our daily trading goal
Today we are anxious to see the reaction after the EU Leaders Summit which was rumored to have made some good progress. Like most things, the REAL test is in the markets. Will the volume be high? We will have to wait and see. 845am EST We are not seeing much market personality after the […]
Continue reading October 27, 2011
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Gold Automated Trading earns profit in both good & bad price action
Hi Guys, We had another exciting day of live discretionary trading in our trade room this morning, and I wanted to keep you up-dated on our Automated Trading Strategies. Yesterday we looked at the Euro currency futures automated strategy, which was very impressive. Today I want to look at trading Gold futures with our fully-automated […]
Continue reading October 27, 2011
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Trade the News Market Internals update at 12:00ET
Dow +245 S&P +27 NASDAQ +51 ***Economic Data*** – (SP) Spain Sept YTD Budget Balance: -€37.0B v -€30.9B prior – (GE) Germany Oct CPI Baden Wuerttemberg M/M: 0.3% v 0.0% prior; Y/Y: 2.8% v 2.5% prior – (GE) Germany Oct Preliminary Consumer Price Index M/M: 0.0% v 0.1%e; Y/Y: 2.5% v 2.6% – (GE) Germany […]
Continue reading October 27, 2011
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The Little Dollar the COULD; Afternoon Prep for Day Trading Crude, Russell, Euro and Gold Futures
We’ve had a tremendous morning session in our live trade room, here is our afternoon prep. Dollar index trading lower into the end of the morning and our plan remains the same. I am looking the dollar index to bounce off major support and when it does I will be waiting to sell the highs […]
Continue reading October 27, 2011
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Traders expecting optimistic GDP and Praying for better Jobless Claims data to get this market moving early
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – dollar index trading lower outside the range from Thursday, so we know this is a bearish market at this time. Bearish dollar index means bullish markets everywhere else so we buy pullbacks as the dollar index rises. Our hopes are that the dollar index […]
Continue reading October 26, 2011
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50 ticks per contract using the Dollar Index Correlation & Fast Track Method
800am EST This morning all eyes are on the EU Leaders Summit, where they trying to find a solution to this double-dip recession threat. Markets are trading in the middle of their range, and we can see they are looking for clues. 830am EST The euro currency futures is in the range from Tuesday and […]
Continue reading October 26, 2011
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TRade the news Market Internals update at 12:00ET
Dow +44 S&P -1 NASDAQ -20 ***Economic Data*** – (IS) Israel Aug Unemployment Rate: 5.6 v 5.7% prior – (US) MBA Mortgage Applications w/e Oct 21st: +4.9 v -14.9% prior – (US) Sept Durable Goods Orders: -0.8% v -1.0%e; Durables Ex Transportation: 1.7% v 0.4%e – (BR) Brazil Sept Total Outstanding Loans (BRL): 1.929T v […]
Continue reading October 26, 2011
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Pivot Levels vs. Auto Levels Indicator
Trading w/ Pivots – Pivot is a technical level of support and resistance – Pivots are calculated many different ways, but the most common is using the Open, High, Low, and Close, and then using a mathematical formula to draw ‘pivot points’ on your charts. o This calculation is similar to how a Fibonacci calculation […]
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