Another 300 Ticks Day Trading Gold and Crude Oil Futures; Automated Trading System

830am

Jobless Claims came out lower than expected, but within range

Markets are moving slowly right now, let’s be patient.

830am

We took our first two trades on crude oil, 1 tick loss, and a 16 tick winner

We see resistance holding at the highs of this channel, so im going to look to sell the highs based on the tape reading we are doing.

900am

Breaker pattern LONG on gold was a winner, took profit at the highs of the channel

Looking for gold to break the highs of this wedge pattern, or we will sell the highs with a 2-step reversal pattern.

We don’t know when the trend line will break, so let it break first, and then buy the pullback.

1000am

We took the breakout on gold and made $500usd with 2 wave patterns buying the pullback.

This was EXACTLY what we were trying to do, great work!

1030am

Gold tested the highs after 10am news and then came off the highs

We had to avoid the first trade on the way down because the 10am news

Grabbed a short entry selling a retracement on the way off the highs at 1015am

1045am

Crude Oil is testing the lows of the price channel

I will buy these lows if we hold above 88.00

I will sell the breakout below 88.00, but as always, im looking to use a wave pattern short.