103 Ticks Live Today! Hidden Divergence Lesson, back to BIG Winners in the Trade Room!

The Market Gives us clues today…

830am EST

– News about Portugal getting a downgrade, seeing news about Greece Riots, news about people fleeing financial markets in Greece and flooding the US markets….however…we MUST stick to those RULEs!!!

– Dollar Index futures continue to push through their highs

o We have a tight sideways range just below the highs, but we will wait to see if we need to worry about that.

– Euro futures continue to drop on pressure from the dollar

o Euro looks very appetizing to the short side, but we remind ourselves to follow those rules

 Sometimes the BUY off the BOUNCE off the lows is the better trade, so don’t feel pressured into jumping in short

915am EST

– Gold futures were trading sideways with LOTS of support, however, they kept getting forced through the lows, and violently dropping to the next level of support

o This is very hard to trade b/c the VOLUME doesn’t show up until AFTER the move has started.

– Crude Oil Futures made us 50 ticks already today on a very easy breaker pattern short, which started the big move down

o We looked for the bounce off the lows, got a small winner there, but the BIG BOUNCE off the lows came @ 900am when the market was opening.

1115am EST

– Markets have been trading slower in the dead zone (1030-1130)

– We had such large drops in crude oil, crude is very tough to get a feel for right now

– Gold speed has dropped dramatically

o Use the pace of tape indicator

o Where are we right now?

 Trading sideways, at the highs of the bracket, looking to break the 2-top

 Trigger lines are flat on the fast timeframe

• Sideways market = flat trigger lines

 Speed is the slowest its been since 8am est

• Speed < 100 = DANGER!!!!

 Average true range has been dropping since 930am

4 trades today, 4 Winners

+103 ticks, $1130usd

Only 4 contracts needed to achieve this today!

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