18 Ticks LIVE Today! Getting Aggressive with the Wave!

830am EST

• Dollar Index Futures trading sideways, flat price action around 81.500

• Crude Oil Futures also trading sideways, slow and sluggish, looks very similar to the Dollar Index Futures

• Gold Futures are also slow and sluggish, pace of tape < 100 all morning.

930am EST

• Euro Futures are sideways, but they recently jumped up above the big round number of 1.3400

• Russell Futures are also sideways

945am EST

• Dollar Index Futures broke out of its sideways range to the upside, but then lost its battle with the sellers and dropped back into the sideways bracket

• Crude Oil Futures keep rising, pushing new highs @ 82.25

• Gold Futures continue to be sideways, slow speed of tape

•

Wave Indicator:

• If the first entry is bad, wait for the 2nd and 3rd entries

• beware, waves come in three, so beware the 4th wave!

• wait for the price to begin to pullback/retrace off the lows/highs to use your Fib tool (defines your Trigger Zones)

• Go from most recent swing-high/low to use your trigger zone tool

End of First Quarter:

• Daily savings time

• Quadruple Witching

• Easter Holiday

• Passover Holiday

• Good Friday

• Crude, Gold, E-Mini’s are all rolling forward somewhere around this time

• BIG MONEY traders are using the end of Q1 to make estimates for the rest of 2010

4 trades today, 2 winner, 2 Scratches

+18 ticks, $180usd

Only 4 contracts needed to achieve this today!

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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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