Review our Automated Trading System Performance

It’s that time of the week again, let’s see how our auto trader performed this week/month. Let’s begin with the Euro Futures contract, which earned over $2200 and used only 13 trades to accomplish that profit. We love how this auto trader does NOT over-trade and you can easily see how your broker will hate […]

Trade the News Market Internals Update at 12:00ET

Dow -9 S&P +2.5 NASDAQ +11.7 **Economic Data*** – (BE) Belgium Jun YTD Budget Balance: -€10.9B v -€11.6B prior – (MX) Mexico Jun YTD Budget Balance (MXN): No est v -17.8B prior – (PD) Poland July NBP Inflation Expectations: 4.7% v 4.2% prior – (SA) South Africa Jun Budget (ZAR): 12.6B v 10.0Be – (SA) […]

Day Trading witout Volume & Tape Reading

If you trade overnight, or early in the US morning session, or when the Euro session is slow, you may not see enough speed and you may not be able to use tape reading to qualify the trade. If you cannot use the tape, and there isn’t any speed, you then rely on your price […]

Day Traders Prepare for Debt Ceiling Vote, Crude, Gold, Russell, Euro tumble to lows

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— ·       Debt Ceiling Vote Delayed in the US until today, something today? ·       Spain receives another possible downgrade by Moody’s ·       Euro Zone sees lower CPI reading, Inflation concerns decrease ·       Crude Oil trading at Weekly Lows, at the 89Range BMT ·       Gold continues to […]

Crude Oil price channel & wedge gave me easy clues to hit profit goals today

Our morning prep was posted at 745am this morning. Waiting on the debt ceiling vote this morning in the US. Summertime trading so watch the clock, 830-1130 is our sweet-spot. The US dollar making new highs, bullish price channel, this is bearish on the markets we trade. Crude Oil is trading sideways, and if we […]

Trade the Nerws Market Internals Update at 15:30

Dow +74 S&P +11 NASDAQ +32 ***Economic Data*** – (BR) Brazil July FGV Inflation IGP-M M/M: -0.1% v -0.1%e; Y/Y: 8.4% v 8.3%e – (SA) South Africa Q2 Unemployment: 25.7% v 24.9%e – (US) Initial Jobless Claims: 398K v 415Ke; Continuing Claims: 3.703M v 3.70Me – (CL) Chile Jun Industrial Production Y/Y: 4.0% v 7.0%e; […]

Poppa-Jim tells it how it is…US Debt Talks just one big charade?

Traders wait for Debt Ceiling Vote, all eyes on volume this morning Jobless Claims up first

————————————————————————————— The James’ Report:  Professional Resources for Professional Traders ————————————————————————————— US House to Vote on Debt Ceiling is expected today, Thursday. Gold stalls at the all-time highs as traders wait for news from the US today. Crude Oil drops to weekly lows after inventories rise and demand falls for second week in a row. Euro […]

Trade through sloppy price action, follow this simple plan day trading crude oil

815am we prepare for the 830am news by reviewing our plan of attack this morning. We have the 3 Phases of crude oil today: ·        Pre-News = 830-1000 ·        During News = 1000-1035 ·        Post-News = 1035 – 1230 (today 1100 summer) We will look for volume to slow down after 11am this morning ahead […]

Trade the News Market Internals Update at 12:00ET

Dow -95 S&P -14.6 NASDAQ -44 ***Economic Data*** – (GE) Germany July CPI Baden Wuerttemberg M/M: 0.5 v 0.2% prior; Y/Y: 2.7 v 2.3% prior – (GE) Germany July Preliminary Consumer Price Index M/M: 0.4% v 0.3%e; Y/Y: 2.4% v 2.3% – (GE) Germany July Preliminary CPI EU Harmonized M/M: 0.5% v 0.3%e; Y/Y: 2.6% […]