- in Uncategorized by schooloftrade
98 Ticks Live Today! $17,500 in May 4 Lots! Re-open Wednesday 745am EST
Next week’s schedule:
• Trade room is closed Monday & Tuesday
• (the markets are OPEN on Tuesday)
• Sales & Support office is closed Monday
• Sales & Support is open Tuesday and the rest of the week.
The Market Gives us clues today…
830am EST
– Dollar Index Futures are trading sideways at their highs from late last week
o Speed is very slow,
o Average true range is very low, and has been dropping this morning
o This tells us that today, a Friday before a long weekend, we may not see much activity from the dollar, which means the other markets may not either
o Keep checking back every 20 mins to see if this improving.
– Euro Futures are the opposite of the dollar this morning
o Sideways market at their lows
o Decent speed, little green and yellow POT, so no worried about speed
o Average true range is not very exciting, its at the lowest point of the passed week, but we’ll check back and see if its improved.
1000am EST
– Gold futures, we defined a narrow downward channel, appears gold is trying to sell off today
Remember, this is a UNIVERSAL method of trading
– Any market
– Any timeframe
– Anything goes, as long as the pattern fits our simple rules
– We’ve made 50 ticks on scalping entries
o 4-range chart
o 6 tick stop
o Targets = +4, +8, runner
– Watch the blog
o 200 ticks in 24 hours on long term trade calls
o Buy here, sell there
o You don’t need to be a member to READ the blog
o Our members are trained on how to execute those entries
o Wave Pattern
o DX-Pattern
Slower timeframe trades
• 10-minute, 10 hours
1045am EST
– We noticed the market looks to be falling asleep, but lets confirm with the vital signs of the market
o Average true range
Gold = dropping from its recent highs
Crude Oil dropping
Euro starting to drop
We don’t watch the READING of the indicator, we look at the comparison of what the ATR was previously
o Speed of the Tape (pace of tape indicator)
Gold < 100 (very slow)
Everything we watch right now has RED (slow) pace of the tape
o Big MONEY
Larger-sized traders as they come into the market
Filtered time & sales window
• Filtered for 5/10/20 contracts
Look closely for the BIG MONEY in the market, and if they aren’t there, we need to trade with caution.
5 trades today, 5 Winners
+98 ticks, $980usd
Only 4 contracts needed to achieve this today!
See you tomorrow @ 745am EST for the live trade room session!