Huge Profits In the Live Trade Room Today!

Our first trade of the morning came on the Euro futures (Symbol 6E), which stayed in a tight range today of 1.4735 to 1.4650, but that didn’t stop us from taking a quality set-up (Euro Currency Futures Day Trading Video). An increase in volume entered the market with currency trading opening at 8:20am EST pushing the price of the Euro futures to the downside, and with that we looked to jump on the quick trend short. At 9:03am EST we entered the market with a short term trend continuation trade with the Breaker pattern at 1.4666. Once our order was executed, we watched as price quickly shot down, due to increasing selling pressure. We were able to take +4 ticks (2 contracts) from the market, for a total of +8 ticks ($100).

Our second trade of the morning came on the Gold futures (Symbol GC). After yesterday’s record breaking day in the gold market (trading at all time high’s intra-day) the trend upwards didn’t stop today, and has continued to trade as high as 1049.7 intraday. Once the open of the U.S equities trading occurred though, the Gold market quickly made a sharp trend reversal short off the 1045 price level, giving us a great opportunity for a short term trend change trade to the short side (Gold Futures Day Trading Video). With the new trend down, we were quickly able to enter the market at 9:46am EST with a basis of 1041.6; enabling us to scalp off a few ticks before our ATM strategy closed the trade for us. We closed with +4 ticks (2 contracts) for a total of +8 ticks on the trade ($80).

As soon as we closed our first Gold trade, we looked to enter in the opposite direction, with selling pressure seeming to hit a wall and buyers starting to step back into the market, we looked for yet another trend reversal trade. This time we looked for our trade in the overall daily trend to the long side. We entered the market long at 9:49am EST with a basis of 1040.7. Because of the way our ATM strategies are set-up, our 2-step pattern (trend reversal) is set to automatically take profit off at +3 ticks (2 contacts), which is exactly what we did, for a total of +6 ticks on the trade ($60) (Scalping Futures Day Trading Video).

Our fourth trade of the day came on the Crude Oil futures (Symbol CL). With the Crude Oil inventories figure being released today at 10:30am EST we were very selective when trading the Crude Oil market this morning, and waited till the inventories figure had been released before we entered that market (Identify Market Sentiment For Day Trading Futures). Today’s price action was really focused around the $71/barrel range until the news was released on its inventories and then price finally broke to the downside shortly before price took off once again to the long side, which is where we looked to capitalize on. At 10:51am EST we entered long with our trend continuation trade, the Breaker. With a basis of 70.56 we quickly realized that a strong level of buyers has entered the market as well, giving us the opportunity to take profits at +4 ticks (2 contracts), +8 ticks and then our final contact netting us an extra profit of +14 ticks for a total of +30 ticks on the trade ($300)!

After a slight pullback in the rally on the Crude Oil futures, we looked to enter in the direction of the trend once again, and we were glad we did! We once again entered in the direction of the short term trend, which in Crude Oil’s case was long, with a Breaker set-up ( Crude Oil Futures Day Trading Video). We entered the market at 11:01 with an entry price of 70.80, we quickly realized that the buyers were not finished, and we were yet again able to capitalize on this with all four of our contracts, take profits at +4 ticks (2 contracts), +8 ticks and on our final contract getting another +18 ticks, for a total of +34 ticks on the trade ($34 ticks on the trade ($340)
Shortly after our previous trade we tried just once more to see if this great rally would continue, but we quickly found out that the buyers had exhausted all their orders, and sellers were about to retake control of price action. We entered the market at 11:05am EST with yet again a Breaker price pattern to the long side, but this time we realized as soon as we entered the trade that it was wrong (3 Key Components To A Day Trading System Video). With our stochastics beginning to curl away from us, we closed our trade at our entry price of 71.26, +/- 0 ticks