One of my favorite trading tools; Swing Highs & Lows

Higher Highs & Lower Lows Higher-Highs (swing highs) are when price makes a new high and then pulls back no more than the original high. Lower-Lows (swing low) are when price makes a new low and then retraces up no higher than the previous low. What does this mean?  Tell us? –          Swing high tells […]

Emini Russell Futures falling off highs, look to buy support below

Crude Tumbles & Gold jumps on Weak News from Europe; traders prep for Jobless Claims

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— Gold Futures head back to all-time highs on global slowdown and more fear from Europe Crude Oil Futures tumble on weak news from Europe and fear of less demand globally Euro Futures fall off their mid-term highs from Wednesday on lackluster jobs numbers  Global News… […]

Plan your trades, and trade your plan; Crude Oil helps us hit our daily goal

Today is Wacky Wednesday, which is the Wednesday before OPEX Friday, which is the 3rd Friday of the month (unless the 1st day of the month is a Friday) Today is Wednesday and we have crude oil inventories today, which means we need to pay close attention to the 3 Phases of Crude Oil Inventories. […]

Obama asking for another bailout? Sounds like QE3 to me

President Barack Obama plans to ask Congress for billions of dollars in fresh spending to boost the economy and reduce unemployment, with a new focus on helping the long-term unemployed, an administration official said…. read the entire article here… Post your feedback in the box below, and see you tomorrow @ 745am for our morning […]

Trade the News Market Internals Update at 12:00ET

Dow +70  S&P +10  NASDAQ +6 ***Economic Data*** – (US) MBA Mortgage Applications w/e Aug 12th: 4.1% v 21.7% prior – (SA) South Africa Jun Retail Sales M/M: 2.0% v 2.7%e; Y/Y: 2.2% v 2.1%e – (PD) Poland July Employment M/M: 0.0% v 0.2%e; Y/Y: 3.3% v 3.5%e – (PD) Poland July Avg Gross Wages […]

When good Patterns go bad…easy opportunity for profit with Failures

Pattern Failures Sometimes what you DONT see happen is the most important thing to look for. The most important thing for a trader is consistency…watching the same things at the same times each day to see the pattern it forms.  Then look for days when that never happens. “The bus comes every day @ 830am…but […]

Russell Futures in a bull price channel

Buying Pullbacks with new higher highs on the TF Mini Russell Futures

New Highs across all markets, looking for pullbacks as buying opportunities

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— Crude Oil Futures trading at highs on assumption that demand will increase even in the face of economic conditions Gold Futures push new highs this morning on Debt concerns in Europe Euro is stronger this morning on rumors that ECB may have no choice but […]

Import prices rise; earned our daily goal day trading Crude Oil and Gold Futures

We wait for 830 news to come out and we get ready for our day ahead. Crude Oil Futures are at the major resistance levels on the 89range chart. –          Bull channel –          Bear channel –          Sideways Range (resistance overhead and support below) We know we have to be careful buying around the 88.00 big […]