44 Ticks Scalping, But check out this Wave Entry! Re-open 745am EST

Market Gave us clues today…

830am EST

– Dollar Index Futures has very slow speed, but trending to the upside above 81.500, testing its highs of the day

– Crude Oil Futures, trading to the upside, but sideways at 86.50

845am EST

– Gold Futures are trading sideways. 3 days of sideways price action

1015am EST

– Dollar Index Futures, quiet, very slow, resting on support

– Support on the dollar = likely resistance on everything else

– Look to the short side of other markets!

– Russell Futures are trading at their highs, at their quarterly highs, and trading sideways from yesterday.

1045AM EST

– Gold Futures trading sideways and very slow at today’s high of day

– Concerns of the 2pm est FOMC Meeting Minutes Release are clearly weighing on the minds of traders. People are avoiding the market late morning today until they see more info from the Fed.

– Crude Oil Futures, 2-step long, after the sellers had disappeared, but we didn’t see any BIG BUYERS at those swing highs

– Lack of big buyers on the time & sales window on crude oil futures tells us….lack of BIG MONEY…lack of conviction = we must be careful

– It appears lunchtime has set in early today

1100am EST

– Transition into Lunch

– How do we know when lunch is here? When to stop trading?

– Slower Price Action

– RED PACE OF TAPE

– Sideways Markets

– LOW ATR

– FLAT TRIGGER LINES

– < BIG MONEY

– FILTERED TIME & SALES

6 trades today, 4 winner, 0 loss. 2 Scratches

+44ticks, $440usd

Only 4 contracts needed to achieve this today!

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