Market personality day trading strategy helps earn +180ticks of profit

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This morning was the start of another exciting week with our members in the live trade room!  We began the day with some big clues from market personality and the ‘lack’ of major news to help us plan our trades ahead of time today for over 180 ticks of profit.

First, today was a Monday, so we assume traders will be ‘sleeping-in’ on a Monday and the US Morning session will be a little slower to start than other days of the week.  On top of this being a Monday we didn’t have any major news this morning, and we also knew that today was May Day in the United Kingdom so there would be fewer traders working to bring volume this morning because of it.  These are important clues because Monday’s are always a little ‘emotional’ as we return from a relaxing weekend with family and friends and often times we have a hard time telling WHEN to start trading on a Monday.  We knew that we needed to be patient this morning and to expect the best trades to occur after 930am EST.

Second, the dollar index heat map was posted in the morning prep today at 730am EST which told us the dollar index was rising this morning, giving us the clue that the SHORT side of the trades this morning would be high-percentage trades.  This was an excellent clue this morning as the first 3 trades, and the final 3 trades on Crude Oil futures were short for BIG winners when the buyers failed above the PLOD.

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