- in Uncategorized by schooloftrade
Wave Trading for Amazing Results! Don’t miss more Tomorrow!
We opened up our charts today & the market gave us clues …
– 830am EST
o Dollar Index Futures have pushed through 82.000, and now resting on that big round number as support
o Support on the Dollar = Resistance on everything else
- Look for the short side on other markets (negative correlation)
o Crude Oil Futures trading sideways from 81.00 down to 80.00
- We expect the last two weeks of quarter #1 to be like this, so be patient.
– 900am EST
o Start looking for patterns after our charts issues
o Gold Futures trading sideways, < 100 on Pace of Tape, so very slow on Gold
o Crude Oil testing its highs
o Our first trade of the day was a 2-step short off the HOD
- Full stop, price was VERY whippy
– 930am EST
o Crude Oil Fuutres trading @ their previous day’s open
- very flat, and slow
o Gold Futures also flat, POT < 100 = slow speed = danger!
o Dollar Index Futures, still trading @ support big round number 82.000
o Russell Futures, still sideways after a full day of trading, need to wait for a breakout to get involved. Good speed, but little movement.
o Euro Futures are completely choppy and sideways, trading at their lows
– 1100am EST
o Dollar Index Futures still sitting sideways @ big round number of 82.000
o Dollar is the spark-plug! We need the dollar to move the other markets~
o Gold Futures also VERY flat, pace of tape < 100 almost all morning
4 trades today, 2 winners & 1 Loss
+4ticks , -40usd
Wave indicator made 59 ticks tough!!! See you tomorrow for more!
Only 4 contracts needed to achieve this today!
See you tomorrow @ 745am EST for the live trade room session!
Click Here To Watch Our Live Trade Room Recordings
Click here To Catch Up On All Of Our Quizzes.
Follow This Link To Check Out The Courses We Offer
Click here learn our methodology and subscribe to our YouTube Page
