64 Ticks LIVE Today! Scalping & Wave Trading at its BEST!

Market Gave us clues today…

820am EST

– Dollar Index Futures are trading in a wide, sideways range 82.000 – 81.00

– Speed on the dollar index is very slow, less than 50 all morning, so VERY slow. We want > 100

– First move of the morning was on Crude Oil wave entry short. Slow speed, support below our entry, and early in the AM caused us to beware.

830am EST

– Crude Oil Futures, rather wide sideways range, and we’re trading up off the lows of the range this morning. Very slow speed on the crude oil, and we had to skip the first wave entry of the morning due to the lack of speed.

900am EST

– Everything looks very slow at the moment

– Euro wave entry setting up, but its higher risk b/c of the medium timeframes

– Dollar is stuck under a trend line, above a trigger line, and sitting very slow and sluggish, causing the rest of the market to slow down as well.

– No major news outside of 10am this morning, so we’re hoping for the BIG MONEY to come in and shake things up for us.

945am EST

– Euro continues to go from over bought to over sold on the momentum, making it difficult to see any real strong , continued moves.

– The initial move sets up, but the traders don’t keep moving with any conviction

1015am EST

– Dollar Dropping, euro and gold begin to jump to the up-side

1030am EST

– Dollar goes flat, so does crude, gold, euro

– Lack of conviction, lack of follow-thru

– The pattern sets up fine…but then the momentum becomes overbought/oversold and there’s no BIG MONEY to support our entry.

– Lack of follow-through b/c the trade doesn’t move!!

1100am EST

– Crude Oil Futures going sideways, lack of conviction at the lows, 1-tick new lows, very hard top enter those trades.

– Dollar Index Futures going sideways

– Gold Futures, testing its quarterly highs. Candlesticks tell a different story, they tell us very indecisive market, not sure if it wants to keep moving up or if it will reverse off the highs.

1115am EST

– Looking for lunch to set in. How do we know when lunchtime is here? How do we know when to stop trading?

o Slower Speed of the Market

 Red Pace of Tape Indicator (RED = SLOW)

o Sideways Markets

 Low ATR Reading (Average True Range)

 Flat Trigger Lines

 Double-stops/bottoms

o Lack of BIG MONEY

 Filtered

4 trades today, 4 Winners

+64 ticks, $640usd

Only 4 contracts needed to achieve this today!

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