December 3, 2012

Monday Morning Day Trading Plan; SchoolOfTrade

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The James’ Report:  Day Trading Strategies for Professional Traders
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THE STREAM:  Just as a stream flows down the mountain, the process of learning a new skill takes twists and turns as it develops its way through this process.  Take notice that the stream flowing with water will undoubtedly encounter rocks and obstacles on the way down into the valley below it.  Notice, the water flowing doesn’t stop and argue with each rock in its way to the valley below, it simply looks for the path of least resistance and flows right on past the obstacle.  The water flows left or right, up or down, and without any angry demands to get out of its way as it moves.  Even more, the stream flows with a sense of serenity, peacefulness, and other people around it will look forward to listening and observing.  Visualize yourself as the ‘stream’ today.  You are going to encounter problems, people in your way, but do not let these slow you down. You are a stream, move gracefully through this day today.
News from Europe & Asia for US Morning Session:
– Spain officially requested Bailout money, very important country-wide decision that effects all of ECB
– Greece 10-year bond yields decline over 120bps to post debt restructuring low of 14.20% after Govt provided debt-buyback details
Greece 10-year bond
yields decline over 120bps to post debt restructuring low of 14.20% after Govt
provided debt-buyback details; Major European PMI Manufacturing data mixed but
remain in contraction territory
 
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