19 Ticks Live Today! Another Winning WEEK in the Live Trade Room

830am EST

– Dollar Index trading at its lows, looking for the DX Pattern SHORT on the EURO

– The Euro futures are trading at their highs, waiting for the Dollar Index to break its overhead resistance

o The euro has quite a bit of overhead resistance on the price action right now, double-tops and a big round number to push through, this may be another good reason to look closely the DX SHORT entry

900am EST

– Crude Oil trading sideways, and we’re waiting for the double-top to form for more feedback from the market to make better decisions today.

– Gold Futures trading its monthly highs and trying to continue to the upside

o The concern is if we break the new highs we will see very difficult price action

915am EST

– Noticed the average true across all markets is at its lowest levels of the week

o Most important is the dollar index, b/c the dollar is the denomination currency

o Gold & Crude, Euro are all looking very tough, with very low ATR reading

 This was most likely a reaction to the wait for the GDP report @ 830am EST

1000am EST

– Almost through the news

– Crude Oil futures are now trading below a triple-top (overhead res), and the ATR has now risen to acceptable levels

o May want to wait a little longer, but we should see something soon.

3 trades today, 3 Winners

+19 ticks, $190 usd on scalps

+20 and +15 on the two DX Demo trades…we will go live on those next week

Only 4 contracts needed to achieve this today!

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