Why do I run a trade room? There are three reasons: 1. I used to manage money, but I hated that I couldn’t SPEAK with my clients, and I really didn’t like being alone, not working with people, so I decided this was a better fit for me. 2. I have three brothers that trade […]
Continue readingDisclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]
Continue readingInside Day / Outside Day Transition: Here’s what you need: – 24hour chart, 12am start, 12am finish – PHOD – PLOD – My slowest timeframe, 89range chart Inside day = we are below the PHOD and above the PLOD, inside the previous day’s range. Tells us that the perception of value is the SAME from […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude oil futures trade lower this morning on lack demand, trading outside day, below the PLOD. Looking to sell retracements with new lower lows, also looking for the failure to the downside, bringing us up into the range from Friday for a fake-out breakout […]
Continue readingToday is expected to be slow, sluggish, and sloppy at certain of the morning. There will be times of great opportunity and we will need to be patient to wait for them. Today is the last day of the month, the quarter, and the fiscal half-year. So major fund managers, major institutional traders will be […]
Continue readingHi Guys, Just about to finish up a great week of trading with a perfect wave pattern short on crude oil futures and wanted to share this with you. Notice the price wedge we see formed earlier this morning, and then we break the lows of the wedge with a strong move down, followed by […]
Continue readingDow -78 S&P -11.7 NASDAQ -22 ***Economic Data*** – (IN) India Q2 Current Account: -$14.1B v -$10.8Be – (CL) Chile Aug Unemployment Rate: 7.4% v 7.6%e – (PD) Poland Sept NBP Inflation Expectations: 3.8% v 4.2% prior – (SA) South Africa Aug Budget Balance (ZAR): -5.4B v -5.2Be; Trade Balance: -3.7B v -1.7Be – (US) […]
Continue readingDivergence Day Trading Method: Uses multiple timeframes and our divergence indicators to find the highest percentage trades. Multiple timeframes: I use my slower timeframes to find the most important price levels/locations. Divergence Indicator: used on multiple timeframes, and when the signal fires we know to look closely for a high percentage trade. The keys to […]
Continue reading————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil Futures trading at Thursday’s Low, middle of larger range, inside day transition, buy this support @ PLOD and wedge lows – Gold Futures trading in the middle of Thursday’s range, inside day, above highs of bear price channel, looking to sell short […]
Continue readingDisclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]
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