May 8, 2012
- in Uncategorized by schooloftrade
+225ticks AB=CD Pattern Fails, and Dollar index Correlation says to stay short
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This morning was another incredible day of learning and earning together in our live trade room. We used the dollar index correlation along with a FAILED AB=CD Pattern to earn over +225ticks of profit on 12 trades this morning. We got the day started at 730am EST with our morning prep.
The first thing we noticed this morning was the LACK of major economic news here in the US. We had some minor news overnight in Europe, however, the calendar for the US morning was WIDE OPEN. This tells us two things; first, we know to be patient as the day gets started. Second, we need to be aware that there will definitely be smaller ‘windows of opportunity’ today considering there is no news to get things really moving up or down. Bottom line this morning was that we need to be patient, and keep an eye on the market personality because we never know where a day without any major news may go. Click here to read the COMPLETE
Live Trade Room Review
Live Trade Room Review
Prepare for tomorrow’s Live Trade Room with these Charts:
Crude Oil Futures
Gold futures
E-Mini-Russell
Futures
Futures
Euro Currency
Futures
Futures
