180+ Ticks LIVE Today! Day Trading Futures last day in Mexico!

815am EST

Question from a member…

“should I follow along with every step of the morning routine?”

Yes! Every step is vital to being prepared for the day ahead, and most importantly, this process is designed to build a HABIT, to develop a simple ROUTINE that YOU can follow on your own.

JJ will be here every day, but you want to have the knowledge yourself.

– Identifying the news events

– Setting your alarm clock

– Setting up your charts

– Looking for S/R levels

– Watching for patterns

– Taking notes

– Learning from your experiences

820am EST:

– Dollar index futures are trading sideways at their extremes (highs) after they jumped up and tested those new highs.

o Moving dollar = moving markets for us to day trade

o Average true range is rising, better than previous 2 days this week

o Non-farm payrolls @ 830am est today, this is expected to be the cause.

o We have a DX-pattern setting up on the dollar below 87.710

 We have our 15 ticks of room

 Our medium and slow timeframes allow us the opportunity to get this trade if it breaks

 However, we’re looking at the highs being broken now after the NFP news release

• New highs on the dollar will disqualify this trade pattern

The DX Pattern is the PERFECT trade pattern:

– The dollar is the fundamental reason why other markets move

– If the markets are sideways, we see the dx pattern set up, and we can profit from a sideways market

o If the dollar can’t break its highs, and goes back to the downside

– If the dollar disqualifies the dx-pattern by making new highs, that means the OTHER markets we trade will also be breaking out, making new highs, and trending markets

– We call this pattern the perfect hedge because no matter what type of trading day we see, we can make money

930am EST

– WE took our first trade this morning on crude oil futures, just as we expected a 2-step pattern off the lows in this sideways market. We grabbed 20 ticks off that winner, and then we had to wait until 935am to get thru the US open

– Gold futures are sideways, and most importantly, they are trading at the open of the day

o The open of the day is the ZERO LINE, which means nothing has changed, so we don’t want to trade where we don’t expect any movement

o Around the open we don’t expect to see the market move very far b/c there is clearly some missing interest in the market

1015am est

– Gold setting up for the 2nd leg down on that 2-step pattern from last night’s winning trade

– We need to get below 98.1 for a breaker pattern to the downside

– I will look for the pattern on my 60-minute chart

– I will then take the trade on the 13-range chart (faster)

o Faster chart will enable me to see a better point of entry

– No matter what timeframe you trade, your stop and your targets will always use the same low risk/reward ratio

o Slower timeframes require wider stops, but they also use much wider targets

o 13-range = 12-tick stop, targets 8/16/Runner

5 trades today, 5 winners!

180+ ticks, + $1,800usd

Only 4 contracts needed to achieve this today!

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