Live automated trading system earns +90 ticks today

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Our day trading strategy this morning began with the knowledge that
today is a Friday, and without any major news, so we needed to get into our routine early, but
stay patient waiting for the ‘windows of opportunity’ to give us the market
personality we needed to trade this morning. 
Friday’s are always the same, a little less volume later in the morning,
and there is always an hour of good trading opportunities, we just need to make
sure we don’t take ourselves out of the game before we get to the good market
personality.  Remember, no trading after
1100am EST on Friday’s unless you have a solid reason, we don’t like to give
money back on a Friday, it really hurts.

This morning we
earned over 125 ticks of profit using 3 simple clues from news, the dollar
index and he price structure we saw on the markets we trade most.  All of our trading plan this morning was
defined in our
day trading morning prep, which is posted daily @ 730am EST for anyone
to use.  Remember, our members have their
OWN trading plans (we provide them) and they are following along with me every
day in our live trade room.

Our day trading
strategy this morning began with the dollar index which was trending higher
giving us a ‘directional bias’ to sell retracements with new lower-lows if we
got them today.  Remember this short term
trend can and WILL change often on the dollar index so we speculated that
overhead dollar index resistance at 76.465 to hold and we would trade sideways
at these highs/resistance which is exactly what happened.  We planned our day trading strategy on the dollar
index perfectly today, noting that it was likely to move higher (so we sold retracements
on crude oil ) and then likely to fall off the highs later in the morning (we
bought the price wedge lows on crude ) and it turned out to be the perfect
assessment on the dollar index.

Our day trading
strategy on crude oil was also pretty simple, the biggest challenge being to
wait patiently for crude oil price to come down lower and give us a trading
opportunity.  Finding the price wedge
on the 89-range chart posted below was easy, but waiting for the price to come
down to the lows was not, but our patience paid off.  With the dollar index rising right through resistance
at 10:00am EST today we knew to sell retracements with new lower-lows which
gave us our first easy winning trade of the day, then we proceeded to wait for
the dollar index to fall off the highs testing the major resistance and tumbling
down…which gave us the trigger to buy the lows on crude oil for another winning
trade.

Every Friday we like
to highlight the automated-trading systems that we use with our members,
effectively giving you all the tools you need to manage a full fledge fund with
both automated and discretionary trading strategies at your fingertips!  Gold futures earned over $5,500 this month
and you can see more about our automated-trader performance on the automated-trading
systems blog.

Did you miss the
action in today’s live trade room? 
Want to learn how to trade like this with me every day?  Our advanced members have lifetime access to
our trade room, and membership includes everything you need, including charts,
data, indicators, tech support.

Don’t miss MONDAY @
730am EST when we post our morning prep on this blog and get the day
started again for another profitable day of live trading with our members!

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