49 Ticks LIVE Today; Non-Farm Payrolls Tomorrow @ 830am EST Don’t Miss it!

We had another great day in the live trade room!

We made a handful of points in Crude Oil &Gold Futures!

We used the Dollar Index Futures to tell us when it was ok to look for patterns!

The day started off pretty slow, and we were expecting that.

Yesterday was very slow, and Friday (tomorrow) is Non-Farm Payrolls @ 830am EST, so we anticipated that the BIG MONEY would be sitting on their hands waiting for the news tomorrow.

We opened our charts and saw:

– Red Pace of Tape < 100 across all markets

– Gold & Crude Oil Futures sitting on their OPEN of the day

These two things told us very quickly that we had a flat market that was very slow.

Think of it this way…

If the market is sitting at the OPEN, it is likely to be a challenging day b/c there is very little buy/sell pressure in the market.

If there was ANY pressure in the market in one direction UP or DOWN, the market would NOT be sitting at the OPEN, it would be trading at its Highs or Lows.

So the market sits on its OPEN, that tells us to wait for the pressure either up or down develops, which will give us a higher percentage possibility of having a LARGER winning trade.

With that said, we knew we had to wait for this market to wake up for us to trade, and it certainly did, but we had to wait a little while.

830am EST had Jobless Claims Reports, and we were able to grab some volume from that and get our first trade of the day taken,…a winner on Crude Oil Futures.

5 trades today, 4 winners, 1 loss

Our PATIENCE and attention to DOLLAR INDEX FUTURES helped us tremendously today!

+49 ticks, $490usd

Only 4 contracts needed to achieve this today!

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