62 Ticks LIVE Today; FREE Webinar Tomorrow!

We opened our live trade room today and reviewed the market as we usually do…

Market Gives Us Clues This Morning:

– Crude Oil @ 8am Double-Tops/Bottoms @ Big Round Numbers = Low Volume, Indecisive Price Action

– 8:30am Crude Oil Gold are SLOW. Pace of Tape 100, beware!

– Most of our markets have double-tops/bottoms today @ 8:45am

– Price action @ 8:45am looks very weak, not much confidence in where price will head next.

– First entry pattern @ 8:50am developed on VERY slow speed, and it did NOT show any BIG MONEY in the market, so we wait patiently.

– 945am NO solid moves yet, everything on low volume

– Dollar is also slow @ 945am, short term trend is sideways

– Dollar rests on the LOW OF DAY @ 945am

o Dollar Support = Crude/Gold/Euro resistance

o Look to the short side of these markets today

– 10:00am Gold Continues to sit on 1122.2, which was a pre-determined double-bottom

So what was the market trying to tell us?

Wait patiently. The patterns will come…and they definitely did!

Everything was slow and sideways, 2-tops and 2-bottoms, sluggish pace of the tape…it was very clear we had to wait for something better.

At 10:55 we took our first trade of the morning on Crude Oil Futures.

We followed that up with another winner on Euro Futures @ 11am EST for more than 20 ticks or $250usd!

We had to WAIT more than 3 hours to see that first trade, and then we saw 4 winning trades back to back to back!

It goes to show that the most important job each day is the PREP WORK.

Our ability to listen to the market gave us great clues as to what to expect from today.

Those clues told us to wait…which we did, and we waited thru the chop and slop for the best patterns of the day!

Another great day in the live trade room!

4 trades today, 3 winners, 1 loss

Our trade management style is the reason we are profitable!

+62 ticks, $670usd

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?