September 23, 2011
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Looking for the Price Reversal and Inside Day Fake-Out Breakouts
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— Crude Oil falls to 6-week lows, trading below Thursday’s LOD, Outside day Gold Futures tumble to new lows, biggest drop in 4 weeks, Outside Day Euro trading in the middle of Thursday’s range, inside day Mini Russell trading at the lows of Thursday’s range, inside […]
Continue reading September 22, 2011
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Waited for Price Reversal Day Trading Euro Futures
800am est We begin our day with the Euro, and the markets new lows has given us a challenge. We don’t have any swing lows on our 89range charts, so we don’t know where additional support is below. We then use a daily chart, a much slower timeframe, with 365 days of data, to find […]
Continue reading September 22, 2011
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Day Trading with ergonomic computer workstation desk and chair
Hi Guys, One of the most important tools I use each day in my trading isnt a chart, or an indicator…its the chair I sit in and the desk I use. Here are some options for day traders looking for the best office furniture to day trade with: Desk: The desk needs to have an […]
Continue reading September 22, 2011
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Trade the News Market Internals Update at 12:00ET
Disclaimer ———————————————- 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 reading September 22, 2011
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Traders react to Operation Twist with new lows across all markets; Jobless Claims at 830
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Risk aversion across all markets this morning in reaction to the FOMC News at 215 Wednesday – Crude Oil tumbles to new lows, outside day – Gold tumbles to new lows, outside day – Euro makes new lows, outside day – Mini Russell makes […]
Continue reading September 21, 2011
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Fade the News on Mini Russell & Crude Oil Futures for FOMC Day Trading Profits
Today is FOMC Day, which means we have early morning volume so look to get involved early, but then volume will drop off after 11am EST so beware. We also have crude oil inventories today, which aren’t bad, they just mean we need to watch the clock after 10am for the market getting sloppy ahead […]
Continue reading September 21, 2011
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Operation ‘Twist’ is the new QE3….$400 Billion the EASY way?
Federal Reserve policy makers will replace much of the short-term debt in their portfolio with longer-term Treasuries in an effort to further reduce borrowing costs and keep the economy from relapsing into a recession. The central bank will buy $400 billion of bonds…. Read the entire article right here!
Continue reading September 21, 2011
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Trade the News Market Internals Update at 12:00ET
Dow -50 S&P -7 NASDAQ -3 ***Economic Data*** – (IR) Ireland July Trade Balance: €3.2B v €4.2B prior – (CA) Canada Aug Consumer Price Index M/M: 0.3% v 0.1%e; Y/Y: 3.1% v 2.9%e; CPI Index: 120.3v 120.0 prior – (CA) Canada Aug CPI Core M/M: 0.4% v 0.2%e; Y/Y: 1.9% v 1.6%e – (US) MBA […]
Continue reading September 21, 2011
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Traders Prepare for Operation Twist & FOMC Announcement
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil trading in the middle of it range, inside day – Gold trades at the highs of its range, inside day – Euro trades in the middle of its range, inside day – Russell trades at the lows of its range, inside/outside day […]
Continue reading September 20, 2011
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Trade the News Market Internals Update at 12:00ET
Dow +95 S&P +11 NASDAQ +21 Economic Data*** – (TU) Turkey Central Bank Interest leaves the Benchmark Repo Rate unchanged at 5.75%; as expected – (US) ICSC/GS weekly chain store sales w/e Sep 17th: -1.2% w/w; % y/y – (HU) Hungary Central Bank leaves the Base Rate unchanged at 6.00%, as expected – (BR) Brazil […]
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