Fast Track Day Trading is back!

815am EST

– Crude oil trading sideways and very slowly as we get started this morning

– We have 1030am news on crude oil, so we will wait and see what happen this morning

– We also now rollover to gold 06-11 contract

– Search the blog for ‘contract rollover’ for more info on how to accomplish this.

– Advanced course also covers this information

910am est

– The dollar continues to trade slowly and sideways

– This is causing the crude and gold to react the same way

– We continue to stay patient, not bending our rules, this time of year will be like this.

– We’ve got 1 winner and 1 loss on the Fast Track

– Ive taken 1 winner and 1 scratch

945am est

– We have crude oil futures trading sideways and it appears waiting for the news @ 1030am est

– We had 1 trade off the highs on crude oil, but with support below us I skipped it, and a few members took it for a winner.

– Now the CL 05-11 is sitting at the OPEN of the day, very slow, and we need to wait.

1130AM EST

– We’ve had an incredible day

– Getting our Fast Tracks working again

– Now we have the markets slowing down after the European close

– We had the crude oil break back up into the range above us

– Crude oil is in the middle, near the open, and near the Big Money Trigger Line = BEWARE, this is the middle

– Focus on the extremes, buy the lows and sell the highs

– Sell 104.81, highs of the range, use trend line resistance for the entry short

– Or buy the lows as support at 104.00 but remember BIG ROUND NUMBERS are always sloppy

– We may have to wait for crude oil to move a little higher.