August 16, 2011
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Trade the News Update Market Internals Update at 15:30ET
Dow -44 S&P -6.5 NASDAQ -16 **Economic Data*** – (US) ICSC/GS weekly chain store sales w/e Aug 13th: -1.5% w/w; +3.5% y/y – (RU) Russia July Producer Prices M/M: -1.0% v +0.5%e; Y/Y: 16.1% v 19.2%e – (CA) Canada Jun Manufacturing Sales M/M: -1.5% v -0.7%e – (US) July Import Price Index M/M: +0.3% v […]
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Latest Release Version NinjaTrader Version 7.0.1000.7
Trend Channel & Many other tools fixed with latest release version NinjaTrader Version 7.0.1000.7
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GREAT Example of how technology will give access to more people, giving us more opportunity!
About a third of Ayannan Karuppaiah’s 75-ton banana crop used to rot before it reached the market about 300 miles (480 kilometers) away in Chennai, India. Now, his fruit is eaten in the Middle East. Karuppaiah transformed his business after buying a refrigerated truck from Ingersoll-Rand Plc (IR) two years ago. The vehicle, modified to […]
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Tape Reading Lesson: Bracket the Tape
Tape Reading Lesson: Bracket the Tape – There is an example of this in a video on our blog – – Here’s what you need: o Pad a paper or a word document o Time and Sales Window (no filter) o Need volume in the market o You need a stopwatch / clock with a […]
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34range of Crude Oil Futures
Bull Channel Inside Day Major Support 84.62 trading around the BMT…sloppy.
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Traders Prepare for Key news this morning while Crude Oil and the Euro tumble on growing demand concerns
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Gold Futures rise this morning on fears of global slowdown – Crude Oil Futures fails to break into the 90’s as traders bet on more slowdown for the global economy, meaning less demand for ‘black gold’ – Russell Futures pulling back to major support, […]
Continue reading August 15, 2011
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3 Clues day trading crude oil made it easy to hit our daily profit goal
Today is a summer Monday so get in early, be selective and patient as this week opens up and then watch the clock after 11am for the volume slowing down ahead of lunch. Monday’s are good for the Golden Lunch, but not in the summertime. Crude Oil Futures: – 89range chart shows us a bull […]
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Who’s in control of Oil Prices? Is it FEAR or OPEC?
Energy prices generally dipped lower Aug. 12 ending a 2-day rebound, but US crude remained above $85/bbl in the New York market. James Zhang at Standard New York Securities Inc., the Standard Bank Group, said oil remained “broadly flat” on Aug. 12 “on reasonable US retail sales data but sharply declining consumer confidence.” Zhang said, […]
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Hard vs. Soft Profit Targets
Hard vs. Soft Profit Target Hard Target = the most important level of support and resistance we have off our 89range charts. Soft Target = minor level of support and resistance, found on your 34range chart. When do we use a hard target rather than a soft? Or vice versa? When i take a long […]
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Day Traders Prep for Key Manufacturing and Housing News
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil Prices tumble ahead of Important Manufacturing Index news this morning – Gold Futures tumble as traders place their bets on the US Dollar Index strength, Equities rise across the globe this morning – Some normality returns to the markets in today’s session […]
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