Day Traders brace for NonFarm Payrolls as more slowdown is expected at 830

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— Traders across the globe waiting for NonFarm Payroll Data from the US this morning Recent jobs data has been mixed, however slowdown in the global economy is very clear and today’s numbers are expected to reflect that. Large equity and commodity moves on Thursday have […]

Don’t let the news fool you, the numbers are juiced! 300 ticks on Crude Oil

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 […]

Trade the News Market Internals update at 12:00ET

Dow -317 S&P -37 NASDAQ -84 ***Economic Data*** – (CZ) Czech Central Bank leaves Repo Rate unchanged at 0.75%; as expected – (UK) Bank of England (BOE) leaves both Interest Rates and Asset Purchase Target (APT) unchanged at 0.50% and £200B respectively; as expected – (EU) ECB Interest leaves the Main 7-day Refi Rate unchanged […]

Reaction to Jobless Claims as they come out at 830am est today

Major vs. Minor Support and Resistance levels for Day Trading

Major vs. Minor Support & Resistance ·         Support is a level below the current price ·         Resistance is a level above the current price There are two different types of support/resistance ·         Static = never changing, always the same ·         Dynamic = always changing, always different Major = slower timeframe levels that are expected to […]

Day traders look for falling jobless claims and early morning trading volume

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— Bank of Japan continues its own currency manipulation EU Leaders worried about debt crisis, believe Spain and Italy may lead to the fall of the Euro ECB and BOE leave interest rates unchanged Crude Oil continues its decline today on less demand across the globe […]

Horseshoe Pattern, Price Channel & Outside Day made for easy profit on crude oil futures

The US Dollar Index is making new lows this morning in a bear price channel.  This is gold bullish, euro bullish and crude oil bearish. We had lack-luster news at 815am ADP Employment, this will be US Dollar Bearish. Crude Oil Futures continue to tumble this morning on lack of global demand coming from the […]

Interesting Jobs report shows signs of unexpected weakness

Companies in the U.S. added 114,000 workers to payrolls in July, according to a private survey. The increase followed a revised 145,000 gain the prior month, according to data from ADP Employer Services. The median forecast of economists surveyed by Bloomberg News called for an advance of 100,000. A slowdown in hiring means consumers are […]

Trade the News Market Internals Update at 12:00ET

***Economic Data*** – (US) MBA Mortgage Applications w/e Jul 29th: +7.1% v -5.0% prior – (US) July Challenger Job Cuts: 66.4K v 41.4K prior; Y/Y: 59.4% v 5.3% prior ((highest since March 2010) – (US) July ADP Employment Change: 114K v 100Ke – (US) July ISM Non-Manufacturing Composite: 52.7 v 53.5e – (US) Jun Factory […]

Earn profit from Range-Bound Markets the EASY way

Trading Range-Bound Markets? Trending markets make new higher highs and they show us lots of price action to support the trend.  Higher Lows, higher highs, lots of speed and big money buyers.  Easy to tell WHO controls price and where it wants to go. Range-Bound Market (sideways market/range) does not have higher highs and lower […]