Archive

Monthly Archives: December 2012

December 11, 2012

Euro Day trading plan

Euro Day trading plan We can see the euro this morning has bounced off the trigger-zone on this 89-range anchor chart, which tells us that we are looking for another selling opportunity, or we will see price continue higher up to the big-round-number of 1.3000. We are looking for the signs of a price-reversal right […]

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December 11, 2012

Crude Oil day trading plan

Crude Oil day trading plan We can see price-action is trading in a wide sideways-trading-range after making new lower-lows this morning below the price-wedge at 86.00 big-round-number. We are trading inside-day which means we are above the PLOD and below the PHOD and this tells us this range-bound market we want to sell-the-high at resistance […]

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December 11, 2012

Day Trading Plan Prep; SchoolOfTrade

————————————————————————————— The James’ Report:  Day Trading Strategies for Professional Traders ————————————————————————————— The Great Circle; We all move in circular motions in our lives, and professional traders are no different.  Every planet in our solar system, and birthday we celebrate.  Think about where you were just 12 months ago today.  A full calendar year has passed, and things are […]

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December 10, 2012

Crude Oil day trading plan

Crude Oil day trading plan We can see the very narrow sideways-trading-range on the Crude Oil contract this morning which tells us this is a range-bound market.  We want to buy-the-lows at support and sell-the-high at resistance in this type price-structure. As price rises to the highs we have many levels of resistance to use […]

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December 10, 2012

Mini-Russell day trading plan up-date

Mini-Russell day trading plan The Mini-Russell is trading very slowly this morning on a Monday after NFP-Friday without any major news. We took the time to review our pattern-time-frame, the 21-range chart, and we found a very narrow sideways-trading-range along with a price-wedge, a double-top, and a few symmetrical patterns such as bearish AB=CD Pattern. […]

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December 10, 2012

Gold day trading plan

Gold day trading plan Gold day trading plan Gold bounced off the lows of the price-wedge on Friday morning of last week (trade was called live in our trade room) and now we find ourselves trading in the middle of the price-wedge and we’ve drawn a new short term trend line as resistance at the […]

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December 10, 2012

Mini-Russell day trading plan

Mini-Russell day trading plan We can see a very narrow sideways-trading-range on the Mini-Russell this morning which has been on this 89range anchor chart for over a week now.  This sideways-trading-range is a big clue and we will use it make educated trading decisions today. As price rises higher we are at the highs of […]

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December 10, 2012

Euro day trading plan

Euro day trading plan We are seeing price-action trading in the middle of this trading range, and in the middle of the range from Friday, making this a dangerous area to be trading at this time. Our biggest clue on the euro will be the PHOD and the PLOD.  If we tests the PHOD we […]

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December 10, 2012

Crude Oil day trading plan

Crude Oil day trading plan We can see price-action on Crude Oil trading sideways all the way at the lows of the price-wedge and the trading range.  This tells us a big clue this morning that when price falls to the lows of this sideways-trading-range we want to buy because we’re also at the price-wedge […]

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