September 14, 2011
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Wacky Wednesday and Retail Sales
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil trades ‘inside’ and in the middle of the range – Gold looks very similar, in the middle of Tuesday’s trading range – Euro trades at the highs of Tuesday’s range – Russell trades higher than Tuesday’s range, making today and Outside day […]
Continue reading September 13, 2011
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Price Wedge vs. Outside Day; Earn 325 ticks day trading mini Russell Futures
We have early morning news, so look for opportunities before 900am and we have afternoon news, so do not expect the Golden Lunch. With 2pm est news this afternoon we know that volume will be tapering off after 1130am est. Get in early, be patient for market personality this morning, and then watch the clock […]
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Attention Members: New Day Trading Chart Templates posted
Hi Guys! Are you enjoying these ‘Intense Training’ Sessions this week? Why did we wait so long to do these? Very effective use of time for sure. I just posted new chart templates for a few different reasons: Trade Management Chart: I added the “JJ Major Swing” Indicator to this chart and it rocks! I […]
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Easiest way to learn our day trading patterns
Is the 4range a good place to look for patterns? Pros: – Very frequently appear – Conditions for the speed of the market – Repetition in seeing patterns is good for learning them Cons: – Faster charts are more ‘noisy’ so this will NOT be a very accurate view of how the slower timeframes will […]
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Trade the News Market Internals Update at 12:00ET
Dow -31 S&P +0.4 NASDAQ +7 ***Economic Data*** – (US) Aug NFIB Small Business Optimism: 88.1 v 88.0e – (US) ICSC/GS weekly chain store sales w/e Sep 10th: +1.3% w/w; +3.3% y/y – (PD) Poland Aug CPI M/M: 0.0% v -0.3%e; Y/Y: 4.3% v 4.2%e – (BR) Brazil Retail Sales M/M:1.4 % v 1.0%e; Y/Y: […]
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Outside Days show us trading opportunities with new highs
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil pushes through Monday’s Highs – Gold trades in the middle of its multi-day trading range, holding at the lows of Monday’s range – Euro trading at Monday’s highs – Russell trading at Monday’s highs – European shares hit two-year low for the […]
Continue reading September 12, 2011
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Fade the Breakout +400 ticks; Gold, Crude Oil, Russell and Euro Futures
Monday morning, get myself in the right frame of mind first. My job today is very simple, find those highpercentage trades. 3 ways use can use news: · Beginner : know when the news is, avoid the news altogether. · Experienced Trader: read the reaction to the news · Professional Trader: bias going into the […]
Continue reading September 12, 2011
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How low will Gold Futures Go?
Gold may decline to below $1,700 an ounce this month before climbing to an all-time high of $2,000 in October as the metal extends its longest rally in at least nine decades, according to technical analysts. Gold’s jump to a record $1,921.15 an ounce on Sept. 6 pushed it to “overbought” levels and the metal […]
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Trade The News Market Internals Update at 12:00ET
Dow -118 S&P -12 NASDAQ -15 ***Economic Data*** – (IC) Iceland Aug Unemployment Rate: 6.7% v 6.6% prior – (PD) Poland Current Account: -€1.6B v -€1.6Be; Trade Balance: -€1.2B v -€1.1Be – (MX) Mexico July Industrial Production M/M: +0.5% v -0.6% prior; Y/Y: 3.2% v 3.6%e – (MX) Mexico Jun Gross Fixed Investment: 11.6% v […]
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Easy way to find the best LOCATIONS to trade
Find the Highest Percentage LOCATIONS: At the highest percentage locations, I look for high percentage patterns (3 price patterns) at the highest percentage times of the day (entry rules) I begin looking for the highest percentage locations with my slowest timeframe first. Start with my 89-range chart, and I mark the following: – Price Wedges […]
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