28 Ticks LIVE Today. Use ATR to define the best times to be trading.

Market Gave us clues today…

820am EST

• Dollar Index Futures

o Dropped below its sideways range, below 80.500 level, and now sitting on support just inside the bottom of the range

o Speed of the dollar index futures is very slow at this time. Wait for the dollar to begin to move the other markets

• Crude Oil Futures

o Massive head & shoulders candlestick pattern on the slower timeframe, this tells us to be careful when price breaks that neckline, be careful not to predict…wait for the price to fully break to the downside, then look to enter on the REACTION.

• Gold Futures trading sideways @ their quarterly highs from Friday

o Pace of tape on Gold < 50 (very slow)

o Trading at its lows, low of the day, from last Friday

o http://www.microsoft.com/windows/virtual-pc/default.aspx

• 1015am EST

o Gold Futures going sideways, very slow pace of tape (50), momentum is choppy and market shows signs of weak price movement.

o Crude Oil Futures, trading flat and sluggish around today’s open of the day

 Be careful trading around the day’s open or the prev day’s open/close

• 1030am EST

o Gold Futures, VERY flat and VERY slow

 Red Pace of Tape < 50 (VERY SLOW)

 Trigger Lines on ALL timeframes are the same price level (1160)

 Flat trigger line = losing sight of WHO controls PRICE. (Buyers/Sellers)

 Trigger Line pointed up = buyers are in control

 Trigger Line pointed down = sellers are in control

• 1140AM EST

o Now seeing multiple wave entires that are 90% perfect, but they are outside the zone, flat trigger lines, they aren’t the perfect patterns that we look forward to using.

o Weak Price action is the cause of these

o Dollar Index Futures are sideways, and VERY slow (pace of tape < 50)

o Dollar is sideways and slow, the rest of the markets are sideways and slow

o Lets look for the transition into lunch

 Slower Price Action

• Read The Tape, look for the slower speed

• Pace of Tape Indicator = RED

 Sideways Markets

• Flat Trigger Lines

• Average True Range, are we making new lows on the ATR?

 Less BIG MONEY

• Filtered Time & Sales (lack of big buyers or sellers)

6 trades today, 2 Scratch, 1 loss

+28 ticks, $280usd

Only 4 contracts needed to achieve this today!

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