115 Ticks Live Today. Free Webinar Tuesday!

The Market Gives us clues today…

800am EST

– Dollar Index Futures have dropped from their highs from last week into a strong downtrend

o When the dollar is trending we expect to see everything else moving, so lets keep our eyes open

o Average true range is very low, the lowest third of it’s trading range for the past week

 Tells us the trend on the dollar may not result in much opportunity b/c the range is so tight

o Speed on the dollar is also very slow, so we must wait

– Euro Futures have pulled off their lows from last week, and have bounced up into the downward channel that was broken last week.

o Speed is good, lots of GREEN P.O.T.

o Average true range is at its lower levels of the past week

920am EST

– Noticed today that there is a lack of conviction in the market

– Gold Futures, Crude Oil Futures both lacking any real conviction for the market’s direction

– Very big change in the personality of the market from last week to today

Larger Accounts:

– How would we trade 18 contracts?

o ½ off @ +4 ticks (9 contracts)

 36 ticks of profit

o ¼ off @ +8 ticks (5 contracts)

 40 ticks of profit

o ¼ off @ Runner (4 contracts)

 40 ticks of profit if you took the runner for +10ticks

2 Contracts: (similar to 3 lots, but no runner)

– 1 off at target #1

o Move stop to entry

– 1 off at target #2

– NO RUNNER on 2 contracts

Can we use other tools to look for confirmation of a trade?

– Yes, we can use different sentiment tools

o Candlestick patterns

o Swing-Highs/Lows

o Lower Highs/ Higher Lows
How to trade futures with 9 CONTRACTS:

TAKE 5 CONTRACTS (1/2) OFF @ TARGET #1

TAKE 2 OFF AT T2 AND 2 OFF AT T3

7 trades today, 6 Winners, 1 Loss

+115 ticks, $1,175usd

Only 4 contracts needed to achieve this today!

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