Automated Trading System Review; E-mini ES and US Bonds along with Trades called LIVE Today

We finished up an incredible week of day trading this morning with Non Farm Payrolls, the most important monthly news report we see as day traders.  We did a great job this morning being mentally and technically prepared to profit on a Friday that could have easily taken back some of the hard-earned profits we made already this week.

Lets recap the week we’ve had:  Monday +70 ticks, Tuesday +225 ticks, Wednesday +110 ticks, Thursday +140 ticks, and today we earned 102 ticks on the Euro.  Not too shabby!



Trades called LIVE this morning

830am EST this morning we had Non Farm Payrolls, so we knew there would be some great opportunities from 845am through 1030am EST and we needed to be ready.  Our morning prep (posted daily at 730am EST) identified some very important things rigth out the gate at 800am.



Dollar Index Trading Strategy

Our day trading strategy tells us to use the dollar index as a correlated market, so we began there.  The Dollar Index gave us a BIG RED FLAG this morning right away so we knew exactly what needed to happen in order for us to get the best trading opportunities this morning.  Luckily, by 845am this morning the dollar index had broken this wedge and was rising higher to the next level of resistance above us, and we used that resistance (we called it a turning point) to give us a big clue.

In addition to the dollar index, our day trading strategy was focused on trading the Euro Currency Futures because of a simple price structure we call a wedge.  This is one of my favorite price structures because it always works so well, and its easy to know when and where to take the trade along with stops and targets.  Ill show you  how to do this in our trade room with live trading.

Euro Day Trading Strategy

So our day trading strategy used the dollar index to get us started, and then when the dollar moved out of its wedge and off the PLOD we knew there would be some opportunities.  We immediately saw the dollar move THROUGH overhead resistance, and when we saw that we sold new lower lows on the Euro 13-Range chart with our Wave Pattern.  The trade was an easy success, and used all aspects of our trading strategy perfectly.

My First Euro Day Trade Today

We finished with trading this morning earning another 100 ticks on our favorite futures markets, and we called these trades well in advance so that all of our MEMBERS could profit along with me as they followed the trading plan we provide them.

Did you miss the action with us today?  You missed the whole week?  You missed a LOT so come join us on Monday at 730am EST when we re-open our live trade room for members and trial guests for another exciting and profitable week in the markets.

Oh yea….Go Patriots! Cant forget that!  We need all the help we can get with Gronk on the mend.