Dollar index correlation helps gold & buyers fail for +150 ticks on E-Mini-Russell

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This morning we finished up another incredible week of trading with over 150 ticks of profit in a very exciting session in our live trade room.  We began the day at 730am EST with some big clues to work with from the news, the dollar index and our favorite futures markets such as Crude Oil, E-Mini-Russell, Euro, and Gold futures.

This morning was a Friday, which has a very specific trading strategy tied to it.  We need to get in early, be patient, and then get out early so we don’t get left holding the bag at the end of the morning when the volume slows down and ANYTHING can happen.  We had two major news events this morning, GDP at 830am and Consumer Sentiment at 955am EST which meant two things.  First, the GDP report is often ‘priced-into’ the markets already so if the news came out ‘as-expected’ we could assume price wouldn’t move much considering this fact.  Second, we know that with late-morning news at 955am people may be waiting to see that FIRST before they jump into the markets this morning, and it appears that is exactly what happened.

The dollar index was dropping this morning, and we used our Heat Map….

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Our live trade room will re-open
to our members and guests on Monday @ 730am EST, see you there!

Prepare for
tomorrow’s Live Trade Room with these Charts:

Crude Oil Futures

Gold futures

E-Mini-Russell
Futures

Euro Currency
Futures