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95 Ticks Live Today! How to make 21 Ticks in 17-Tick Range!
Market Gave us clues today…
830am EST
• Dollar Index Futures are sideways, tucked below the 81.500, fast timeframe is very choppy, no defined trend, pace of tape is very slow as well
• Crude Oil Futures, trading sideways, quite slow, just below 85.50, its quarterly highs
• Average true range for crude oil futures is rising
850am EST
• Gold Futures, trading sideways, and lots of DOJI candlestick patterns. This shows signs of big indecision in the market participants.
900AM est:
• First trade opportunity of the day
• Crude Oil Futures
• Breaker Long
• Into the high of day
• At the open at 900am est
• Barely had the green pace of tape that we needed to get into the high of day
• This is a great example of when MULTIPLE things are pulling at your attention
915am EST:
– Euro Futures, trading sideways, just below 1.3500
– Dollar Index futures tried, but failed to break above its sideways trading range
1015am EST:
– Crude Oil Futures, very indecisive, cant decide which way it wants to go. Sideways price action, lack of big money at the extremes, and taking trades is very high risk at this point.
1030AM EST
– Russell Futures for a 2-step short (reversal) pattern. However, the speed of the market is still very slow
– Speed of tape
– Speed of the pattern setting up
– Speed of the trigger of the pattern
– Also…the speed of the follow through (haven’t seen this yet, but the market gave us enough clues to expect that.
Our patience today paid VERY well!
We didn’t take our first trade until 1020am EST, and they quickly began to show some profits!
3 trades today, 3 winners, 0 loss. 0 Scratches
+95 ticks, $950usd on the Scalping system today!
Only 4 contracts needed to achieve this today!
See you tomorrow @ 745am EST for the live trade room session!
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