67 Ticks LIVE Today! Another BIG Week Re-Open Monday 745am EST

Market Gave us clues today…

800am EST:

– Dollar Index Futures, still within its wide sideways range from earlier this month

o Pace of tape indicator is rising in speed

o Average true range = dropping

830am EST

– Crude Oil Futures trading in a tight sideways range, half way between the big round numbers

o SPEED < 100 = be careful! Very slow out there

o Average true range = lowest its been all week

 This is the worst price action you are going to see! Use this to make educated decision!

– Gold futures are trading sideways in a VERY tight range

o Multiple tops and bottoms, making a breakout appear to be impossible

o Speed of the tape is not bad, avg 150

o Average true range on gold futures is rising, its about in the middle of its ATR from this week

 Its not the worst we’ve seen, but its not the best either.

845am EST

– Crude Oil ATR begins to rise off its lowest levels of the week

– We skipped a wave entry short b/c it occurred around the double-bottom

– Waiting for Crude Oil to show some improvement on speed and ATR

900am EST

– Had to wait and watch a wave entry short on crude oil b/c it occurred at its open (900am est)

– Still not seeing the perfect patterns yet, lets stay patient and look for them.

930am EST

– Euro futures trading at 1.3300, and its double-bottom

– Pound sitting on its lows @ 1.5300

1130am EST

– Watching for the transition into lunch

o Today’s Friday, so expect lunch to show up earlier than other days

o We look for the following:

 Slower Speed of the Market

• Pace of Tape Indicator

• RED = Slow Speed = Beware!

 Sideways Markets

• Double-tops/bottoms

• Average True Range

o ATR = Dropping

 Less BIG MONEY in the market

• Filtered Time & Sales Window

o Filter = 10 contracts

o TF/6B = 5 contracts

3 trades today, 3 Winners

+67 ticks, $755usd

Only 4 contracts needed to achieve this today!

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