Jobless Claims & Durable Goods Order Look to get us started

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The James’ Report:  Day Trading Strategies for Professional Traders

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OUTSIDE OURSELVES:  Professional traders understand the need to constantly be reviewing their performance, looking for ways to improve, and reinforcing skills that have made them successful.  This can be easier said than done, and a common trick among all professionals is to watch tape of themselves, or ask someone else to critique their work and give them feedback.  This can be a very tough pill to swallow for a new trader, looking at yourself from an outside perspective can hurt our ego’s and trigger emotions, which just happen to be public enemy number 1 and 2 for a professional trader.  Although its painful for traders of all levels, its vital today that we find a way to step outside ourselves to look over our trading.  What are we doing correctly today?  What skills can we improve on today through practice?  You’d be amazed how much you learn from watching yourself today, enjoy the show!

News from Europe & Asia for US Morning Session:

– UK GDP data registers best quarterly growth in 5 years
– FOMC statement did not have a significant impact after it was largely in line with September’s policy guidance; maintained its dovish policy posture
– New Zealand Central Bank leaves cash rate unchanged (as expected) but adds a less dovish tone in statement
– JPY currency softens amid growing hopes for more aggressive BOJ easing
– The Japanese cabinet said to endorse a J¥700B stimulus package lather this week
-Moody’s Has Confirmed At Baa3, With Negative Outlook, Backed Senior Debt Of
18Spanish Institutions
– ECB money supply data shows Spanish and Italian bank deposits rising in September

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