October 20, 2011
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TRade the News Market Internals update at 10:30ET
***Economic Data*** – (EU) ECB: €2.28B borrowed in overnight loan facility v €4.8B prior; €181.9B parked in deposit facility vs €172.1B prior – (GE) Germany Sept Producer Prices M/M: 0.3% v 0.2%e; Y/Y: 5.5% v 5.5%e – (SZ) Swiss Sept Trade Balance (CHF): 1.8B v 810M prior; Real Exports M/M: +3.4% v -6.9% prior; Real […]
Continue reading October 20, 2011
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Day Traders look for sub-400k Jobless Claims and Optimistic about Existing Home Sales
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – The US Dollar index is trading in a very concerning area for price action this morning. We know from experience that when the dollar index is trading in a price wedge around the BMT, and inside this reversal zone that we need to expect […]
Continue reading October 19, 2011
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Trade the News Market Internals Update at 12:00ET
Dow +15 S&P -1.25 NASDAQ -12 ***Economic Data*** – (RU) Russia Sept Real Retail Sales M/M: -0.4% v +0.7%e; Y/Y: 9.2% v 8.5%e – (RU) Russia Sept Unemployment Rate: 6.0% v 6.2%e – (US) MBA Mortgage Applications w/e Oct 14th: -14.9% v +1.3% prior – (SA) South Africa Aug Retail Sales Constant M/M: 0.7% v […]
Continue reading October 19, 2011
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Grow day trade account from Demo to 10 contracts
Grow your day trade account from Demo to 10 contracts Three main objectives in your learning process: 1. Learn how the tools work 2. Learn how YOU work 3. Learn the interaction between YOU and your TOOLS Step 1: Learn the tools we use to trade – Learn the markets we trade – Learn the […]
Continue reading October 19, 2011
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Day Trading Lunctime Prep Crude Oil, Russell, Euro and Gold Futures
We’ve had a profitable morning today, lets prepare for our afternoon filled with opportunities. Crude oil futures: Buyers failed above the PHOD earlier this morning and that should be the biggest clue we have so far. This is a strong BEARISH clue when we failed above 89.22. If price moves higher we will be buy […]
Continue reading October 19, 2011
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Wacky Wednesday and Sideways Markets Day Traders Look for Clues
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – dollar index is trading in the reversal zone, near the BMT, and very sloppy this morning. We had a what appeared to be a move above the ‘reversal-zone’ on Tuesday, but when that fails we then know the ‘reversal-zone’ now looks more like a […]
Continue reading October 18, 2011
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Record-breaking Profit Day Trading Russell, Gold, Crude Oil and More
If you missed our trade room this morning, you missed a LOT: Auto trader ES / Russell / Euro / Gold (click for review today’s trades) Trade Prep before Lunch (all markets) Results of our Lunch Prep: Gold futures trades this afternoon Mini-Russell & Euro currency futures trades this afternoon We made more money after […]
Continue reading October 18, 2011
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They said I couldnt do this… E-mini ES Automated Trading Strategy
Hi Guys, Its been a tremendous day of discretionary scalping, intra-day, and swing trading with us in our live trade room, but its time to take a moment to review our automated trading system. If you recal, we’ve had impressive results from the Crude Oil, Russell, and Euro (click those) over the past […]
Continue reading October 18, 2011
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Euro Currency and Mini-Russell Trade Update
Wow what a day!!! We bought the reversal zone on the Russell and this trade is HUGE up to the PHOD. Euro moved above the PHOD and we followed our plan exactly to buy these lows and take profit at the highs of the reversal zone, or extend the position higher to the PHOD.
Continue reading October 18, 2011
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Update on this Gold Futures trade from this morning.
See below for the first review of this, we’ve been watching this trade all day today. Gold breaks above the ‘reversal zone’ and heads up to the PLOD and we are ready to profit! We’ve locked in over $400 per contract of profit on this trade, and holding the trade to the PLOD. My stop […]
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