45 Ticks Live! 50-tick reversal on Gold Futures made our day trading!

Hi guys!

We finished up a RECORD-BREAKING month of June with a challenging day in the futures markets we love to trade.

we used day trading psychology and day trading discipline to make sure we kept our emotions from trading for us during this choppy market we saw today as we finished the month of June.

Im really happy to see all of our members making such incredible profits this month, so keep up the hard work, and I hope you all enjoyed our special members-only training today where we discussed taking LARGER winning trades on slower timeframes.

We made 45 ticks today in our live trade room, trading 13-Range charts, which is something we dont see very often…watch this video and learn along with us!

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830am EST

– Crude Oil futures are trading in a massive sideways range

o We just came down and tested the lows of this sideways range

o We see a double-bottom on the slow chart, which means we’re looking for a break of those lows to get this market tumbling to the downside.

o Price is trading at the open of the day, slow and sideways on the fast chart

o Slow speed of the tape

o Average true range is not the highest or the lowest, its fine where it is.

– Gold Futures are trading slow and sideways

o Slow chart shows us trading right in the middle of this massive sideways range

 This will give us a heads up for some potentially-challenging price action

o Fast Chart shows us trading around yesturday’s open, and just below today’s open

o These 2 charts have now told us a story

 Slow chart shows us we are trading in the middle of the BIG PICTURE

 Fast chart shows us at the open of the day

 When we consider both of these we now know to be extra cautious until we see something change

1000am EST

– We just came out of 3 news events, so we’re now looking for patterns

– We only had 1 trade before the us open, and we’ve had to wait

– Now we see the markets are slow, sluggish, not much going on.

– We need look for at slower charts now for patterns on a longer term trade.

– dont forget to watch the video on tape reading indicators on our blog under tutorials and trading webinars.
– we use the very best futures trading techniques to make sure our entries are always in the best location