August 12, 2011
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100 Ticks Day Trading Gold Futures; Crude Oil Futures made us work for our daily goal
Summertime Friday means we need to very selective with our trades and watch the clock b/c the volume will dry up after 1030am Crude Oil Futures: · 89range chart shows a bull and bear channel · We use the bull channel first, buying pullbacks with new highs and buying at support with price dropping to […]
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Trade the News Market Internals Update at 12:00ET
Dow +74 S&P +3 NASDAQ +7.4 ***Economic Data*** – (IC) Iceland July Unemployment Rate: 6.6% v 6.7% prior – (PD) Poland July CPI M/M: -0.3% v -0.1%e; Y/Y: 4.1% v 4.3%e – (PD) Poland July M3Money Supply M/M: 0.2% v 0.2%e – (US) July Advance Retail Sales: 0.5% v 0.5%e; Retail Sales Less Autos: 0.5% […]
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Day Trading the 10:30 Price Reversal
10:30 Reversal: 10:30 Price Reversal Theory The 10:30 reversal is something that occurs in every liquid market, and has to do with the specific types of PEOPLE that are trading these markets throughout the US morning session. Small retail traders, big-money paper traders, and everyone in between all work together to make this trading pattern […]
Continue reading August 12, 2011
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Crude Oil and Gold look for exciting close to a profitable trading week
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – Crude Oil looks to finish a third straight week in the red as demand concerns build with more volatile markets – Margin calls and profit taking spoil the rally on Gold, sending it lower into the weekend – US Postal Service is considering laying […]
Continue reading August 11, 2011
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Crude Oil Futures Price Channel & Double-Bottom trading Strategy hits our daily goal
CME raising margins on gold futures. This may cause excessive volatility as fewer traders can participate, which means less volume, and wider spreads, wider ranges on lower volume moves. Crude Oil inventories were down, however, so was demand, so crude is transitioning around this 80.00 big round number. Remember the 75.00 level is where OPEC […]
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I wonder if JPMorgan is calling their clients back with a Gift Basket for their losses?
Gold futures fell the most in seven weeks in New York as equities rebounded and CME Group Inc. (CME) boosted margins to trade Comex contracts, prompting investor sales after a rally to a record topping $1,800 an ounce. The Standard & Poor’s 500 Index rose as much as 4.5 percent after a drop in U.S. […]
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Trade the News
Dow +239 S&P +27.9 NASDAQ +65 ***Economic Data*** – (SA) South Africa Jun Manufacturing Production M/M: 0.6% v 0.4%e; Y/Y: 0.9% v 0.4%e – (PD) Poland Jun Current Account: -€1.6B v -€1.4Be; Trade Balance: -€1.1B v -€835Me – (BR) Brazil Jun Retail Sales M/M: 0.2% v 0.0%e; Y/Y: 7.1% v 6.4%e; Broad Retail Sales Y/Y: […]
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Trend Lines; How to Draw & use them correctly
Trend Lines; How to Draw & use them correctly Hotkey = F3 button First, let’s find the MAJOR trend lines, the ones you really need to be aware of at all times. Step 1 = Open your slow timeframe (89range) Step 2 = Load 90 days of data and then load your ‘swing trade’ chart […]
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Price Wedges make for easy trading opportunities as traders wait for Jobless Claims
————————————————————————————— The James’ Report: Professional Resources for Professional Traders ————————————————————————————— – CME raised margin requirements on Gold, First time raising gold margins since Nov 15, 2010. – Crude Oil continues its tumble on demand concerns, even as inventories drop in the US – ECB seen again buying Italian and Spanish government bonds (fourth straight day) […]
Continue reading August 10, 2011
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Fake-out breakout on Crude Oil leads to BIG profits today
815am est Crude Oil has a bull price channel and a sideways range to work with today. · If price rises higher I’m buying pullbacks above 83.05 using the bull channel · If price keeps rising I’m going to take profit at the next level of resistance and then look to re-enter with new higher […]
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