148 Ticks Live Today! DX-Pattern Training Wed @ 1130am EST

The Market Gives us clues today…

900am EST

– Dollar Index futures are trading at their high of day, and we are looking for the break of support @ 84.670 to get the confirmation we need to enter the euro long

o Pace of Tape on the Dollar is very slow

o Average true range is on the lowest point of the previous week of trading

945am EST

– Crude Oil futures are trying as hard as they can to break new highs

o We have inverted HAMMER candlestick patterns that show us the buyers are running out of steam, but they keep trying

o Less conviction than the buyers need right now to keep moving up.

1000am EST

– Crude Oil is back at its OPEN of the day, which we call the ZERO LINE

o The buyers couldn’t push up

o The sellers couldn’t keep it down

o So without any real direction, it sits on the OPEN of the day

o Same is true for the previous day’s CLOSE of day

o Average true range on crude oil continues to rise, giving us potential for some more High % opportunities

– Gold Futures continue to chop around at their all time highs

o Tough to predict where the new highs will go, so we stay away, use extra caution around the MAJOR EXTREMES, such as all time high on Gold futures.

– Dollar Index continues to trade very slowly

o DX Long on the Euro trigger @ 915am EST and we made our 10tick move on 4 contracts

o Average true range on the dollar continues to be flat, at its lowest levels of the week.

 The DOLLAR leads the way, so if the ATR on the dollar is FLAT, we don’t expect much from our other markets

 We need to see the dollar improve FIRST

1045am EST

– Notice the Crude Oil futures are trading sideways, and ALL of the different timeframe trigger lines are the same, or around the same level

o Average true range WAS rising about an hour ago, but now it’s falling, tells us to be careful, as the day moves forward, there is less opportunity to profit.

– Gold futures chopping around the double-bottom, which was our final target on the previous gold trade

o Average true range is stable, off its lows of the week earlier today, but certainly not rising

1130am EST

– Just took the Wave Long on the Crude, perfect pattern, used the Swing High as support on the entry long

o Here were the reasons we took the long trade

 Swing High Level was used as support (most important)

 Momentum curled and pointed up, confirm LONG trade

 Flood of BIG MONEY Buyers on the Filtered time and sales window

 Trade management on a wave

• 8/16/runner (15-tick)

• Watch the video on TRIGGER ZONES for more info on how to place your stops, target, and how to manage the trade

9 trades today, 8 Winners, 1 Loss

+148 ticks, $1,580usd

Only 4 contracts needed to achieve this today!

See you tomorrow @ 745am EST for the live trade room session!