12 Ticks LIVE Today. NEW DX-Pattern Tomorrow!

Market Give us Clues today…


8am EST

- Dollar Index Futures trading in a range from 82.000 down to 81.400

- Speed of the tape (pace of tape) is very slow (<100)

- Average true range is at its weekly lows

o Trading right now may be very narrow, slow and potentially dangerous.

o Average true range = volatility/ range of the market

820am EST

- Crude Oil Futures trading sideways from 85.60 to 84.75

- Pace of Tape Indicator < 100 (speed = slow)

- Average true range is very low

o Most narrow price action we will see






830am EST

- Gold Futures trading sideways after its large jump up from last Friday.

o Wait for price to make an attempt to break out of this range, and play from there.

o Average true range is at its lowest weekly levels

- Pound futures trading sideways from 1.5500 to 1.5400

o Speed is still pretty slow

o Average true range is at its center over the past week

900am EST

- Crude Oil opens and looks very indecisive, resting on trend lines, not much speed, and overall tight trading range

- Gold futures still very slow

- Pound futures appear to be VERY weak right now, we watched for a breaker with large buyers, and saw nothing, so wait for the better price action

1000am EST

- Dollar Index futures continue to trade flat, which is keeping the rest of our markets from going anywhere as well

- Crude Oil futures are seeing Momentum go from over-bought to over-sold from one pattern to the next

o Very weak price action, nobody knows where it wants to go (blame the dollar for that)

- Gold Futures are still trading sideways

o Very slow, so we must wait for an improvement



1045am EST

- Crude Oil futures trading in its sideways range from last Friday after it dropped from its range today

- Gold futures are still very quiet, very sideways, clearly we need to wait for the breakout to show up

- Dollar Index is to blame for this slow market today, its going nowhere fast, sitting sideways as well

1100am EST

- Looking for the transition into Lunch

o Lunchtime = 12-noon – 2pm EST

 We don’t get a lunch bell!

o Slower Price Action

 Slower Speed on your time & sales window

 Use the Pace of Tape = RED (Slow)

o Sideways Markets

 Flat Trigger Line

 Double-tops/bottoms (fast)

 Average True Range (ATR = Dropping)

o Lack of BIG MONEY

 Watch your FILTERED time & sales window

• Do you see a lack of big money

• Is it taking more time between the big money orders?

3 trades today, 1 Loss, 2 Winners

+12 ticks, $120usd

Only 4 contracts needed to achieve this today!

See you tomorrow @ 745am EST for the live trade room session!