56 Ticks LIVE Today; Momentum Told the Story

We opened our charts and the market told us a story today…

– Daily Savings Time in the US

– Monday’s are always slow to start

– Triple Witching on Friday

– Regulatory announcement today @ 2pm EST

– FOMC Announcement tomorrow

– 820am Crude Oil sideways, and very concerning around 80.50 level

– 830am Crude Oil & Gold Futures < 100 on Pace of Tape Indicator

& 100 POT = VERY Slow, be cautious!

– 915am Gold < 100 Pace of Tape

– 10am Gold < 100 Pace of Tape

What did all of this tell us?

– News events will have people sitting on the sidelines waiting for more feedback from the market, so we must wait

– Monday’s are always slow, and with DST, this will be magnified

– FOMC is tomorrow, so beware traders are skipping today’s price action and waiting for tomorrow to see the announcement

We took all of this information from the market and made a very educated decision: PATIENCE.

We waited until 10am today to take our first trade, and the wait was well worth it!

2 trades today, 2 winners

+56 ticks, $560usd

Only 4 contracts needed to achieve this today!

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

Ready To begin Your Trading Career As A James Wave Trader?