132 Ticks LIVE Dollar Support = BIG Profits!

We opened the trade room today @ 745am est and as expected..

• Red Pace of Tape

• Flat Trigger Lines

• Flat Dollar

• Very Little News to spark the price action

So we have a slow, flat market that doesn’t want to break out of its tight trading ranges

This includes the DOLLAR INDEX, which we’ve been watching for weeks now as a VERY consistent indication of price movement on the Gold Futures and Gold Futures.

One of the most efficient ways we use the dollar is to confirm avoiding a trade. It’s very easy; if the dollar is flat and slow, we need to be careful on the Dollar & Crude Oil.

With that finger on the pulse of the market we knew how to avoid a lot of trouble, and our quick exits should be example of that.

We don’t want to let trades get too far against us in choppy markets, so we cut losses EARLY>

The DOLLAR INDEX was a very efficient way of doing that today.

This CONFIDENCE in our trading enables MONSTER trades like the one we saw TODAY @ 1045 on GOLD FUTURES.

Traders often miss the importance of small LOSSES. Small losses earlier on in our day enabled us MENTALLY to be in a position to be in the market at the right time.

The Dollar was sitting on Resistance, and we were looking at the Gold Futures…

We got a little lucky on the SIZE of the move, but we know LUCK favors the PREPARED, and we were locked and loaded when the time came to pull the trigger, so congrats to all the members who made money today, even if there was a little extra help from the market

Watch the video for the details on that trade, it’s a keeper!