67 Ticks Live Today. Congrats to our Members Today!

The Market Gives us clues today…

800am EST

– Dollar Index Futures are trading sideways at their recent highs

o Speed of the tape on the dollar is very slow, < 100, which means our other markets will be slow also.

o Average true range is the lowest its been in two weeks

 Tells us that the price action we are trading with has been getting worse by the day this week.

 This may be the worst price action we’ve seen all month

830am EST

– Euro Futures are trending down, breaking new lows on fears of rising unemployment in Greece this morning.

o With the dollar at its highs, we now know to look for a DX-pattern LONG on the Euro, we need the euro to bounce off these lows..may not be possible today.

o Pace of tape is slower than usual, lots of RED = very slow price action

o Average true range is the lowest its been in two weeks

 Tells us that the price action we are trading with has been getting worse by the day this week.

 This may be the worst price action we’ve seen all month

945am EST

– Look at the Average true range

o Dollar index has fallen

o Crude is Rising

o Euro is falling

o Getting mixed signals (crude rises while dollar falls)

1000am EST

– Getting mixed signals on Gold futures

o See the ATR rising off its lows

o But the price action is sitting quietly at its prev close and today’s open

 This is concerning b/c trading at the OPEN of the day is considered higher risk

– Remember, yesterday we didn’t see any price movement from 1030-1100am, so today may be similar.

1100am

– Price begins to increase speed.

– Crude Oil Futures are REALLY moving fast now

– We took the Euro long for the DX-Pattern and got stopped out for -13ticks.

– We took the overnight trade on the Euro and made 20 ticks, so no big deal

7 trades today, 6 Winners, 1 Loss

+67 ticks, $638usd

Only 4 contracts needed to achieve this today!

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