May 9, 2012
We got LUCKY earning +185ticks day trading Crude Oil Inventories
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We had another exciting day of profits with our members this morning in the live trade room earning over 185 ticks of profit using clues from the dollar index and Crude Oil Inventories at 1030am EST today. The key to today’s success was being prepared for anything, without much news on the calendar we knew that price could go anywhere and we were ready with our trading plan in hand!
The first clue was a BIG ONE today from the dollar index. Just like earlier this week we used the dollar index correlation perfectly to plan the best DIRECTION of our trades and then wait for those opportunities to come to us, rather than forcing trades that don’t go with our dollar index correlation strategy. The dollar index was RISING this morning at 800am EST and with a rising dollar index we will always look to sell retracements and you can see from our results today we did a great job following this plan and it made us a lot of profit.
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Live Trade Room Review
Live Trade Room Review
Prepare for tomorrow’s Live Trade Room with these Charts:
Crude Oil Futures
Gold futures
E-Mini-Russell
Futures
Futures
Euro Currency
Futures
Futures
