85 Ticks LIVE Today.Euro Wave Pattern HUGE Day Trade.

Market Gave us clues today…(Expand For Video)

830am EST

– Dollar index futures are trading sideways

o Slow speed

o Average true range at its weekly lows

o Slow timeframe was flat

o Very slow speed of the tape

1015am EST

– Took our first trade of the day on the euro, 2-step short off the high of day.

o Was slightly higher risk

 This week is more challenging (Quad Witching)

 Took very long time to trigger

 Momentum was mixed on the fast and slow timeframe

• Wait for momentum to confirm on the 4 range and the 8 range and the 13 range

 Speed was a little slow

 First attempt to trigger this short was unsuccessful, we didn’t see our rules line up

• Didn’t see the BIG MONEY when we needed it

1045AM EST

– We took 2 more winning trades on Gold futures

o 2-step short off the high of day

o Followed that short with a re-entry into a wave pattern short

– Now we look at the crude oil testing its high of day

1115AM EST

– Do we prefer to buy or sell at the highs

o I prefer to SELL at the highs b/c we see better moves

o To buy the highs you need to see Green POT, big buyers, and increasing speed!

 Everyone knows where the HOD is, and most people look to take profit.

 Goal = get those buy stops run at the highs, get the sellers on the run, and get the buyers to jump in at the highs for a nice big move up!

When is lunch?

– Slow Speed of the Market

o Pace of tape indicator = RED = SLOW Market

– Sideways Markets

o Flat trigger lines

o Double-tops/bottoms

o Low reading on my Average true Range

– Big Money

o Filtered time & sales window

o Lack of big money = lunchtime is here

Trigger Zones and ways we can use them:

– Fib tool (F8)

– Use this with ANY pattern, but most effectively used with the wave pattern

– Watch the wave pattern set up

– Use the trigger zone tool to identify the best possible entry on a wave trade

o Question is always the same…how far of a pullback is a reversal?

o When is a retracement a reversal?

Other ways to use it:

– Slower timeframe for the overall direction ahead

– 60/30/10-min charts

– Mark the highs, mark the lows, and use the Trigger Tool to identify the trigger zone.

– FAST timeframes work well too, you just will only use the most recent swing high to swing low, don’t worry about the BIG PICTURE on the fast timeframe.

6 trades today, 6 winners

+85 ticks, $940usd

Only 4 contracts needed to achieve this today!

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