50+ Ticks LIVE Today from Mexico! Check out the Mobile trading computer!

Market Gave us clues today…

845am EST

– Start with the Dollar Index Futures, trading at their highs, in a somewhat tight trading range.

o Dollar is setting up for a DX pattern, but we have a few things to concern us:

• We consider to be the ZERO Line (nothing has changed)

• We call this the chop zone, and we want to ONLY take trades at the extremes.

o Breaker long set up 2nd, but we didn’t see the big money enter at our trigger location

– Crude oil futures trading sideways, and we are right in the middle of the trading range

o ‘Don’t trade the middle’ so watch your 34-range chart for the big picture to show us where we are.

– We saw another nice 2 step short on the crude oil @ 937 am est

o We liked this pattern for three reasons

 At the high of day, perfect spot for a 2-step short

 Momentum was NOT oversold, but in a perfect spot, pointing down

 Saw big money sellers on our filtered time & sales window

– Don’t forget, im demonstrating this on a fast timeframe, when YOU may want to use a slower timeframe

o Last week we had 4 nice BIG winners off slower timeframes

 60-minute

 34-range

 13-range

 Lots of potential for EVERYONE! Fast or slow, these patterns don’t care

– Slower timeframe

o USE different ATM strategies

 Log into your adv course, and watch the members training from may 15 2010 on Slower timeframe entries

o Benefits = less chop and less noise

 More potent set-ups, each trade will be higher %

 Same LOW risk/reward ratio

o Downside = fewer patterns

 Still have the same low Risk/reward ratio

Different charts use different trade management:

Scalping Method – always the same, we set it and forget it

– Automated trade management takes care of everything for us

Slower Timeframe Method (Wave)

– Use slightly different trade management depending on the trade

o Once you enter the trade, place your stops and targets according to your rules.

Congrats to a few of our members who joined today!

4 trades today, 4 winners

+50 ticks, $500usd

Only 4 contracts needed to achieve this today!

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