May 14, 2010

93 Ticks Live Today.1,000ticks this month.Re-Open Monday @ 745am don’t miss it!

The Market Gives us clues today…

800am EST

– Dollar Index Futures are trending up from yesterday

o Low average true range, so expect some sideways markets today

o Speed is a little better then we’ve seen this week

– Euro Futures are trending down; we notice a strong downward channel that doesn’t look to good for the Euro.

o Broke below 2500

o Pace of tape is relatively slow (red)

o Average true range is at its lower levels of the past 2 weeks

845AM EST

– Crude Oil futures are trading up off their lows from earlier this morning

o We noticed that we have a clear line of site to test the 75.00 if we break above the 74.10

o Crude appears to be VERY active this morning, speed looks ok, and we want to be patient and look for our pattern.

– Gold Futures trading at their all time highs from earlier this week, and now trading sideways at those highs

o The market is VERY slow and sluggish, looks like it needs more direction

o We will wait and look for the gold market to start getting some direction.

Membership:

– Free charts

– Free market data

– Lifetime access to our materials

– Lifetime access to the trade room

– sales@schooloftrade.com / Skype: SOTSales

where do I find the BIG MONEY?

– Filtered time & sales window

– Where do I find the SPEED in the market?

o Speed of the market = pace of tape indicator

If youre trading 2 markets, I use 2 DOM’s and 2 TMC’s

If im watching 4 markets…..4 of them

Entries:

– Not going to use a sloppy market order

– And im not going to leave a limit on the table either

– I need to wait for confirmation, and them get into my trade.

4 trades today, 4 Winners ($1,000 ticks this month so far!)

+93 ticks, $930usd

Only 4 contracts needed to achieve this today.

See you tomorrow @ 745am EST for the live trade room session!

    schooloftrade

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