October 11, 2011
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Favorite day trading strategy after Holiday Weekend; Goal hit Crude oil & Russell futures
First day back after a long weekend, day traders will be getting back to their desks and starting their week’s a little slower than usual with Monday as a holiday. The first thing traders do this morning is get back into their routine’s and with no major news this morning we don’t have a lot […]
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Trade the News Market Internals Update
Dow -33 S&P -1.5 NASDAQ +8 ***Economic Data*** – (PO) Portugal Aug Construction Works Index: 62.4 v 68.7 prior – (IS) Israel Sept Trade Balance: -$1.8B v -$1.7B prior – (IS) Israel Q2 Final GDP 3.7% v 3.5% prelim – (US) Sept NFIB Small Business Optimism: v 89.0e – (BR) Brazil Aug Retail Sales M/M: […]
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traders come back from Holiday to early morning CAD News and a Quiet start to the week ahead
First day back after a long weekend, day traders will be getting back to their desk’s and starting their week’s a little slower than usual with Monday as a holiday. The first thing traders do this morning is get back into their routine’s and with no major news this morning we don’t have a lot […]
Continue reading October 7, 2011
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3 Clues for Day Trading NonFarm Payrolls Crude Oil & Russell Futures
800am EST The markets are trading inside their previous day’s ranges, slow and sloppy ahead of the 830am Non Farm Payrolls. 830am EST Non Farm Payrolls come out as-expected for the most part, an increase in the payrolls, but as expected with everything else. Dollar is falling in a short term down trend, so […]
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Trade the News Market Internals Update at 12:00ET
DJIA +25 S&P500 flat Nasdaq -19 ***Economic Data*** – (CA) Canada Sept Net Change in Employment: +60.9K v +15Ke; Unemployment Rate: 7.1% v 7.3% – (CL) Chile Sept CPI M/M: 0.5% v 0.5%e; Y/Y: 3.3% v 3.3%e; CPI Ex Perishables & Fuel M/M: 0.3% v 0.5%e – (CL) Chile Sept Trade Balance: $324.0M v $640.0Me; […]
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Use our Slingshot pattern to grab BOTH sides of the next move!
Slingshot Pattern: This morning in our live trade room we sold the highs of our price wedge using our slingshot pattern, which is an excellent example of a counter-trend trade that ends up giving you two opportunities to profit. This ‘slingshot’ pattern is more specifically our 2-step pattern that turns into a Wave Pattern. One […]
Continue reading October 7, 2011
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Day Traders wait for Non Farm Payroll Data ahead of a busy Friday
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Crude oil futures trading inside the range from Thursday at the highs of the range, the highs of the price wedge, highs of the bear price channel. If price rises inside day tells me to sell PHOD, sell the highs of the price channel and […]
Continue reading October 6, 2011
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Narrow trading ranges on Euro Futures are easy clues to hit profit goals
Today is Thursday with 830am news and tomorrow’s Friday with nonfarm payrolls. This tells us to be ready early this morning, and look for a slowdown after 1030am EST this morning ahead of news tomorrow. So we know the window of opportunity will be smaller today after 1030am EST. 815am EST Crude oil futures trading […]
Continue reading October 6, 2011
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Trade the News Market Internals Update at 12:00ET
Dow +50 S&P +8.2 NASDAQ +24 ***Economic Data*** – (BR) Brazil Sept FGV Inflation IGP-DI: 0.8% v 0.7%e – (SA) South Africa Aug Electricity Consumption Y/Y: +0.4% v -0.7% prior; Electricity Production Y/Y: +0.5% v 0.1% prior – (UK) Bank of England (BOE) raised the Asset Purchase Target by £75B to £275B; Not expected. The […]
Continue reading October 6, 2011
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Day Traders look for Jobless Claims and clues for trading opportunities
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude oil futures trading outside day this morning above PHOD so buyers in control. Bear price channel & trend line around 81.50 gives us overhead resistance looking for the price reversal. Looking for buyers to push up to price channel highs, sell the highs, […]
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