201 Ticks Live! Biggest Day of 2010 Day Trading Futures

Hi guys!

Congrats to everyone making money with us today, we had the BIGGEST DAY of the year today!

Not only did we have the biggest MONTH of 2010 in June with over $19,000 in profits on 4 contracts, but we finished up this short Holiday-week with a HUGE winning day today!

Today was one of those days you LOVE to trade, all of our members had HUGE winning totals, and I hope you all have a restful and safe Holiday weekend.

We took 11 trades today, lots of learning today…enjoy the video!

We love your feedback!  Please post feedback here!

830am EST

– Gold futures, we looked at a 60-minute chart and we see sideways trading, wedge pattern, and trading in the middle.

o we need to wait for gold to test the highs or the lows for us to look for a pattern

o stay away from the middle of this market.

– Crude Oil setting up for a 2-step long entry above 75.05, looking to take profit @ 75.21 for ½ our position

o We notice the market going sideways, and having a hard time getting above its OPEN of the day.

o We need to see a little more volume, little more movement above the open to come test the HOD.

– Euro Futures are trading at their highs of the day, but they are still in the middle of the bracket on the slow charts.

What’s the best indicator to use to identify if the market is going to reverse?

– Speed is the best indicator

o If its slowing at the highs, you can expect a reversal

o Combine that slowing speed with big sellers at the highs, and then you see momentum shift and point down, and now you have a reversal coming.

What would 21 range be in time?

– 8-15-minute chart

– Watch the video in the Trade Room Resources section on the blog about different chart types

What software should I use?

– Windows XP

– Most RAM and fastest processor your can find

– The best video card

– Don’t need a large hard drive, save the money

– 2 x 24” monitors to start

– We will give you your charts: Ninja Trader

– We will give you the market data, lifetime

– You will get the indicators

– 2/47 tech support

– Lifetime access to our trade room, and all future updates

– Never any monthly fees!!

Want to trade 4 contracts?

– Margins have increased a little with the added volatility

– $1000 per contract is a good rule of thumb

– $4,000 = min

– $6-8k to make sure you have a cushion.

– We use very tight stops will help make it easier to use a smaller account.

– 2 contracts = $2k is the min, I would recommend $3-5k