137 Ticks Live! Day Trading Wave Entries come in 3’s E-Mini ES watch for this!

We had another great day in our live trade room, filled with profits and opportunity to learn about this great day trading industry.

We covered a LOT of great topics in the room today, and we even took some trades today.

We earned 137 ticks with challenging price movement, but we followed our rules….watch the video!

830am EST

– Dollar index futures are trading sideways

o Slow speed

o Slow chart = wedge pattern (not good)

o Fast chart = trading sideways at the prev open of the day (not good)

o All signs point to sideways markets on everything else today, so lets look forward..

– Crude Oil trading sideways

o Fast chart = wedge pattern

o Slow chart = flat trigger line, lots of overhead resistance and support below.

o Very tough price level today on crude oil, looks like today may be flat.

– Gold futures are also trading sideways

o Slow chart = flat trigger line, double-tops and bottoms = sideways and sluggish

o Fast timeframe chart = wedge pattern, so we need to wait for the price to get up/down to the extremes.

1145AM est

– We’ve had a very busy day

– We saw lots of patterns, lots of opportunity, but the price action was still a little concerning

– Here is what we saw…

o Flat dollar = flat markets

o Gold = wedge sideways

o Euro = sideways

o Crude = wedge sideways