40 Ticks LIVE Today; 1-Contract Trading Webinar TOMORROW!

Very challenging day today in the markets we trade.

The markets gave us some good clues this morning when we opened our charts:

– Red POT on Crude Oil @ 830am 100

– Flat Trigger Lines on CL and ALL the same price level, also a BIG ROUND NUMBER = sideways, beware!

– Breaker Short on Gold took 10 mins to trigger…still waiting…

– Lack of BIG MONEY in the market!

– Trading @ its OPEN of Day (Gold, Dollar, Euro)

o We consider the OPEN of the day to be the ZERO LINE, above/below will show buy/sell pressure.

So after listening to what the markets were telling us today, we knew one thing….be careful.

Our concerns were certainly justified today… we waited for patterns, and when they set up it became very apparent that we were lacking a lot of the fundamentals that we look for.

– Momentum would NOT confirm

– Flat Dollar at all times

– Lack of BIG MONEY to confirm the entries

So without our rules lining up as we like them, we were forced to use patience and discipline to sit on our hands and wait to see if the market made any changes to the way price was moving.

Remember, our RULES are what made us money this week, and we cant forget that. We cannot decide to deviate from those trading rules SIMPLY b/c we didn’t see many patterns today within those rules.

Patience is key, we will be back here tomorrow looking for more!