156 ticks day trading futures contracts on Aussie Dollar, Crude Oil and Russell E-mini

Hi guys!

We had another profitable day in our live trade room today, congrats to everyone making money with us today!

We have members trading 1 contract on the fast-track program, and we have veteran members grabbing hundreds of ticks from our favorite futures markets!

Trading in July and August can often be challenging because of lower volume, but we certainly aren’t having any problems at all in our trading, so come see us in the live trade room and see how we do it in real-time.

We took some great trades today, enjoy the video, see you tomorrow @ 745am EST

830am EST

– Crude Oil futures are trading sideways and slow just below 76.00

o Slow timeframe chart shows a sideways wedge pattern
o Fast timeframe chart shows some decent movement, we should be able to grab some decent patterns today

930am EST

– We wait for 935 to begin looking for trade patterns after the US market opens.

o We saw a bunch of movement in these markets after the 830am news, but since then its really slowed down

– Gold Futures have recently broken above the well-defined sideways trading range from 2 previous weeks.

o The slow chart shows this break just above the double-top on the trading range @ 1214.3
o The fast timeframe chart shows us trading sideways at the high of day

 We looked for a 2-step reversal short off he highs, but the market wont give us a very clear entry signal
 It looks like gold needs a little more time and some more DIRECTION for where its going.

o We have a long term set-ups on Gold

 21-range chart we have a breaker long @ 18.8 or above

1000am EST

– Gold Futures are still sideways, VERY slow, and trading in a very narrow range at the high of day

o We really cant tell where this market wants to go

 We’re looking for a long entry above 18.8 on the 21-range

– Crude Oil futures are trading contained within the range from 77.00 down to 76.80

o 13-range trades setting up

 We have a breaker pattern above 13
 2-step short below 72

– Euro futures still testing new highs, but very slowly

o We noticed a very choppy double-top on the euro contract around 2666, so we need to get a little higher
than 2666 before we fell confident entering the market

1100am EST

– The markets we trade have all been very slow and sluggish

o We need to be careful with the scalps b/c there isn’t much follow-through or conviction right now
o So lets move to the slower charts and look for the bigger picture trade opportunities.