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Monthly Archives: October 2012

October 31, 2012

Which markets do I trade, and when?

Trading the Euro-Session (3:00am EST) –       FOREX PAIRS –       Euro –       Crude Oil –       Gold –       FDAX –       FESX –       Aussie dollar –       GBP –       CAC –       BUBL / BUND / BUXL 8:00AM EST –       FOREX PAIRS –       Euro –       Crude Oil –       Gold –       FDAX –       FESX –       Aussie dollar –       GBP –       CAC […]

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October 31, 2012

Mini-Russell Chart Prep:

We can see the Mini-Russell trading at the highs of the short term bear price-channel, along with a major bear price-channel when you zoom out on the 21range chart. We are trading above the PHOD so this morning we are bullish and considered an outside day.  If price keeps moving higher we buy pullbacks up […]

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October 31, 2012

Gold Futures Chart Prep:

Gold is trading off the highs of the price-wedge and the bullish price-channel.  We are trading above the PHOD making this an outside trading day, and buying pullbacks are the high-percentage-trades above this 1715.7.  if we fail at these highs and get below the PHOD we will sell short below 1715.7. If price moves higher […]

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October 31, 2012

Crude Oil Futures Chart Prep:

Crude Oil trades higher this morning above the PHOD and towards the highs of this short term bullish price-channel. We can see, much like the euro, the PHOD is the main focus right now on this 21range chart.  We will buy pullbacks with the wave-pattern-long above the PHOD 86.24, however, if the buyers fail, and […]

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October 31, 2012

Euro Currency Futures:

We are coming off the lows of the major bull price-channel, this is a bullish clue.  We are also above the PHOD so this is another bullish clue. We can see 2 scenarios to prepare for this morning.  First, we will buy pullbacks using the wave-pattern-long as the price pulls back from these new higher-highs.  […]

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October 31, 2012

Traders return to the markets after Hurricane Sandy

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— THE KING:  Professional traders understand they must rule their lives like a king rules over a kingdom.  Sure, there are many perks to being a king, just like there are for being a professional trader, however we need to remember that those benefits comes with some sacrifice.  […]

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October 29, 2012

Mini-Russell chart prep:

Mini-Russell saw lower-lows and lower-highs overnight, giving us very bearish market sentiment.  Recently, however, we saw the big bullish price-reversal candlestick wick, followed immediately by the strong bullish green full-bodied candle.  The market sentiment appears to have reversed and now we assume this is bullish. We have failed below the PLOD which makes this an […]

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October 29, 2012

Crude Oil Futures chart prep:

We are trading inside the range from Friday, and right in the middle of this range.  We recall that ‘mama says’ not to ‘fiddle with the middle’ We can see a potential bullish price-channel however we need to get the price-action to MOVE to new higher-highs first. We have a zig zag pattern showing up […]

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