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Simple Trading strategy using jobless claims and a price reversal pattern
Today was an excellent example of a simple day trading strategy
that we executed to perfection, and our members were rewarded handsomely.
prep identified an obvious price wedge on dollar index futures which we
knew would be BIG clues for trading other markets, and when the news at 830am EST
Jobless claims were released we got what appeared to be little bit of ‘stirring the kool-aid’ from the
Fed.
market would react and our simple day trading strategy was
off to the races!
the move off the highs of the price wedge, and then giving us ample
opportunities to buy pullbacks when we broke new highs, and wait for the buyers
to then fail so we could sell it all the way back down.
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| Trades called live in our trade room |
We used a slingshot
pattern this morning to make our first two trades, and then we read
the tape watching as the buyers exhausted and the sellers took over. I don’t want to say it was easy, because it
took some hard work to prepare at 730am this morning, but It sure wasn’t that
hard.
To make things even better, our automated trading strategy
kept giving our members winning trades on gold futures this morning even when
the market was slow and sloppy. Thanks
for sharing those results David and Brian, and congrats to our members who have
reported record-breaking profits in December and January (you know who you
are!). Come see us again tomorrow as we
do this all over again in our live trade room starting with our morning prep at
730am EST. You don’t want to miss this
stuff guys.
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