GDP, Consumer Confidence & Summer-Friday Trading Opportunities

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— DRAGON WITHIN;  In an Eastern context, the Dragon refers to someone of great potential, although this potential cannot be seem at first.  For a professional trader, the dragon inside of us begins hidden away, under the surface, ready to emerge like clouds forming before a storm.  […]

Sloppy Summer Markets can’t stop profits with this day trading strategy

  This morning was incredible!  The price-action was slow and sloppy, this is going to happen in the summer, but the amazing thing today was the ‘Fast-Track Trading Method‘ trading we took at the highs of the range on Crude Oil and E-Mini-Russell.  We entered short when the buyers failed at the highs of the […]

E-Mini Russell Chart Prep

Heat Map:  What is it telling us? Bullish heat map OHLC Analysis: 2 out of 4 are confirming.  This is mixed, so no directional bias. Overnight Highs & Lows: Above the overnight highs so we’re bullish Are we inside or outside day today? Outside day, above PHOD.  Bullish market personality, but open to anything. What […]

Can you spot the PERFECT Double-Bottom in this illustration?

Dollar Index Chart Prep

Heat Map:  What is it telling us? Bearish dollar index = bullish markets OHLC Analysis: 3/4 tells us short-side bias Overnight Highs & Lows: Well below them both, says bearish Are we inside or outside day today? Outside day, below the PLOD What price-structures do we see? Price wedge :  bullish Price channel : major […]

Durable Goods, Jobless Claims & ‘Tiny’ Timothy Geithner grab spotlight in US Session

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— DEFINITION:  How would you define yourself as a trader?  Disciplined?  Aggressive?  Creative?  We may use many different words to define what we view ourselves as a trader, but in reality it’s our actions that truly define who we are in any career path we chose.  Simply […]

Rebounding from a loss to earn profit using this day trading strategy

This morning was an amazing day, even with the sloppy price action we saw from most of the markets.  Did someone say summertime?  It’s definitely been inconsistent when it comes to volume this week, and with the end of July around the corner we’re excited to have made profits today, even after getting into some […]

E-Mini-Russell is trading in the middle of the trading range

10:00am EST E-Mini-Russell is trading in the middle of the range from yesterday, with a perfect example of a 55-range wave pattern short, which can give us the directional bias to trade short with a faster chart timeframe such as 13 or 21 wave pattern.  We can see a bullish AB=CD Pattern support at the […]

euro currency futures market is trading bullishly

8:45am EST The euro currency futures market is trading bullishly off the lows from earlier this week, above the PHOD so the charts tell us to buy pullbacks and get long!  The dollar index correlation also confirms that buying with our wave-pattern will be the high-percentage trades today.  Our plan for trading the euro this […]

Gold futures trading just above the price wedge

8:30am EST Gold futures trading just above the price wedge.  The price structure tells us to sell the highs and buy the lows, and since we have broken to new highs, we will use the biggest clue from the price wedge to tell us to be patient and sell the highs overhead if price keeps […]