Archive
Monthly Archives: July 2012
July 12, 2012
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Dollar Index & Crude Oil Futures Technical Analysis Prep
730am EST We begin this morning with a short review of the dollar index. We use the dollar index correlation effectively every day, and today we have a breakout on the dollar index and we’re wondering if it will continue because there is great opportunity if the dollar index fails and reverses. You can see […]
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Jobless Claims Gets us started early, keep it simple day trading strategy
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Keep it simple; as traders we need to resist the temptation to over-complicate our work because when we keep it simple we are more effective and much happier in our personal lives. We all know the feeling when we’re doing too much, its overwhelming to go to […]
Continue reading July 11, 2012
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E-Mini Russell Technical Analysis for Professional Traders
1000am EST The E-Mini-Russell has two bullish channels, one long term, and the other short term. This bullish price channel tells me the high-percentage trades come when we buy at support. We can buy the lows/support of the price channel, or as price rises we can buy pullbacks using our wave-pattern. We can see the […]
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Euro Currency Futures Technical Analysis
930am EST The Euro currency futures are moving lower this morning to the lowest point since 2008. The Euro is highly correlated to the dollar index so we can keep that in mind today as we take our first few trades on the euro. We can see the trend liens coming from overhead to provide […]
Continue reading July 11, 2012
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Dollar Index & Crude Oil Futures technical analysis
730am EST The heat map this morning tells us the dollar index is moving lower, and outside the 0.0-0.2% range we can use the dollar index correlation with confidence today until something changes. The dollar index is still chopping around in this very clear sideways trading range. The dollar index is at the highs of […]
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Euro tests 2008 Lows, US News gets us started 830am today
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— Investment in time; Professional traders learn the basics first, develop their skills, and have the ability to earn profit in any market they chose. We invest our time in learning how the markets work, how to execute a trade, and the management of the trade. If we […]
Continue reading July 10, 2012
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Lost -50ticks, Made it ALL back +100ticks with Fast-Track Trading Method
This morning was an excellent example of how a small mistake can be magnified if you don’t follow your trading plan. An even BETTER example this morning was AFTER losing 50 ticks on a bad trade, we stuck to our trading plan and made it ALL back and ended with +100ticks of profit. Another […]
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E-Mini-Russell is moving higher, will it Continue?
930am EST E-Mini-Russell is moving higher above the PHOD so we’re buying pullbacks with new higher-highs. We will take profit on these long positions at the range highs and the PHOD overhead. We can see the short term bullish price channel, the outside day just above the PHOD, and the trigger-zone support below us if […]
Continue reading July 10, 2012
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Crude Oil & Gold Futures Morning Technical Analysis Preview
830am EST Let’s review these markets today. Crude Oil is trading inside day, inside a price wedge and we want to buy the lows/support and sell the highs/resistance of this price structure. A price wedge on Crude Oil tells us there is high-percentage trades waiting for us when we fade-the-breakouts. This means when price makes […]
Continue reading July 10, 2012
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European equity indices opened session higher and are continuing to gain
————————————————————————————— The James’ Report: Day Trading Strategies for Professional Traders ————————————————————————————— The Golden Rule: Never assume today will be just like yesterday, or that your favorite market will be just as volatile. Instead, focus on understanding why price moves up and down on a chart. Focus our attention on learning price action, supply and demand, and the […]
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