Learn How To Trade Futures By Attending The Best Trial Ever

After a slightly lower volume trading day yesterday, due to the Columbus Day holiday in the U.S, today we looked to see a strong increase in volume throughout most markets (Identify Market Sentiment For Day Trading Futures). We certainly saw an increase in trading volume today, and were able to return more than 10% on our account this morning, going 4 for 4 with a total profit of +$680.00 when trading with 4 Contracts. Let’s review those great trades….

Our second trade of the morning came on the Mini-Russell (Symbol TF). Since the opening of the U.S Equities market at 9:30am EST, the mini-Russell began to sell off strongly, finally finding a bottom at 604.0 at 10:00am EST. Seeing that the selling pressure was finally subsiding; we looked to enter into the long side, especially after seeing a decline in the speed of the tape to the short side. At 10:10am EST we entered the mini-Russell based off a Breaker long pattern and our order was then executed with a basis of 605.7. It wasn’t long before a large group of buyers also entered the market, and gave us the opportunity to take some profits from the market at +4 ticks (2 contracts) giving our trade a total of +8 ticks ($80) (E-MINI Futures Day Trading Video).

Our third trade of the morning came more than an hour later, on the Crude Oil market (Symbol CL). Since the beginning of electronic trading, the crude oil market took off to the long side, pushing prices into the $74/barrel price level, even before the open outcry pits began trading at 9:00am EST. Once the open outcry pits began trading though, more volume pushed prices to the short side, and continued into the open of the U.S Equities market. After a short rally into the $74/barrel price level once again, the crude oil market began to pull back, which is exactly where we looked to take our trade ( Crude Oil Futures Day Trading Video). After seeing increasing selling pressure, via our Pace of the Tape indicator (P.O.T ), we entered the market short, with a Breaker patter at 11:24am EST. Our order was executed at 73.19; and we were able to take profits on our trade at +4 ticks (2 contacts) before getting scratched out of our remaining contracts, for a total of +8 ticks ($80).

The fourth and final trade of the morning came on the gold market, (Symbol GC), which also rallied during the hours of electronic trading, and before many currencies and commodities began trading in the U.S, gold was already trading at new intra-day highs of 1069.7. Once more volume enter the market at 8:20am EST, due to the opening of gold trading in the U.S, sellers began to take back some of the gains from earlier in the morning, and by the time the U.S Equities market opened, price seemed to find a bottom at 1056.0 (Gold Futures Day Trading Video). The gold market didn’t stay down for long though, as more buyers began to enter the market, a strong rally looked to be in the making, and we began to identify possible set-ups for entry. At 11:50am EST we were able to get our perfect entry on the gold market with a Breaker to the long side (with the trend). Our order was executed and filled at a basis of 1063.9; where, with more and more buyers entering the market, we were able to lock in some great profits of +4 ticks (2 contracts), +8 ticks and +6 ticks, for a total profit on all 4 contracts of +22 ticks ($220).