Dollar index tried to TRICK us, but we got all the TREATS day trading crude oil futures

Don’t miss these!

Monster winning trade on euro this afternoon, called live in the trade room

Auto Trader still making money, even on Halloween!

Monday’s are always the same, start doing the little things that I know will result in the BIG things later on today.

We all want to make money, and that result comes from doing the little things every morning to get us to a solid start.

I'm getting back into the ‘rhythm’ of the markets and my Morning Routine.  Find where I left off on Friday, and never force myself to start taking trades on a Monday morning without the rhythm, the confidence, the awareness of what’s happening at this time.

800am EST

Slow and sloppy, the dollar index in a narrow trading range and the markets still waking up from the weekend.

845am EST

We finished the dollar index analysis and find that the narrow range, the low Average true range and the Monday morning personality is giving us reasons to wait for better opportunities later in the morning.

We will continue to watch the market personality on the dollar index today, looking for strong breakouts without the fake-out breakout to give us the best opportunities to trade.

915am EST

We took one easy trade long buying the price wedge and range lows on crude oil futures after seeing the double top on our 34range chart and locating the ‘buy zone' on our charts we then used the 4range to enter the trade and the 13range as our target.

920am EST

We know the dollar index is trading in a very narrow range, and because of this we expect the small, narrow ranges on the markets we trade to be the same, so beware selling oversold or buying overbought.

We need to really be patient for opportunities to buy at support with oversold moment, sell at resistance with overbought momentum.

Trades called in our live trade room making us profit day trading euro and crude oil

Hey guys, what an exciting day its been!  Discretionary and Auto-Trader making money today across the board, its great to be trading a method that works in all directions.

Before we start our private members-only training this morning we called a few trades in a position-trade environment.  In other words, not holding overnight, but it may take all day to play out.

For example, here was the Euro Currency Future.  This was an easy trade to call, and its taken only a few hours to make us some easy money.

The plan was simple.  Get short on the Euro if it broke below the reversal zone, which it did, just before lunch today EST.  The entry was easy, KNOWING WHY we took the trade short was reviewed with members only.

The key to this trade was knowing how to use our channel price structures, along with the trigger zone tool, something you will learn as a member.

Trade management was key to our success too.  Entry short from 1.3940 we took profit at the major trend line support, i took 2 of my 4 contracts off at 1.3929 and then moved my stop from the previous swing high down to something more manageable, in this case it was the GREEN trigger line, the 21r trigger.  I will keep moving it down with this trigger line the rest of the way.

The next profit target we take is at the big round number because strange things happen around them, and we are oversold, so it was a safe bet to lock up 1/4 of my position at 1.3915 (15 ticks above the BRN 1.3900.

Final target is a little tricky, I WANT to hold onto this down to the BMT and BRN at 1.3800 but I have a feeling this market may have some slop and chop headed its way as the days close up so I will take profit on my final 1/4 of my position at the low end of the new trigger zone, which I show on the 89range chart, from major swing low to the most recent swing high.

Total it all up, and 4 contracts on this is earning me over 100 ticks of profit.

$1,000 day trading euro futures...sounds like a good Halloween to me!

--------------------------------------------------

and we CANT forget about crude oil....where did it end up today?  93.00

Didn't we say SOMETHING about Crude Oil double-top going down to 91.50 and then ALL the way back UP to re-test 93.00.

I dont think i have EVER seen a Double-Top/Bottom fail...this is another example of the POWER of our trading methods.  It doesn't matter what time-frame, market, or size of your position, anyone can use these strategies to profit with me every day.

If you missed our trade room this morning you missed a LOT, come join as a member and make money with us every day using opportunities like these.

Crude Oil was an easy buy above 92.77 to complete this move to 93.00...but you already heard us talk about that at 730am est today.  We called it! :)  great work everyone!

Trade the News Market Internals Update at 14:00ET

Dow -143 S&P -16 NASDAQ -27

***Economic Data***

- (SA) South Africa Sept Trade Balance (ZAR): 2.5BB v 1.0Be
- (CA) Canada Aug Gross Domestic Product M/M: 0.3% v 0.2%e; Y/Y: 2.4% v 2.2%e
- (CA) Canada Sept Industrial Product Price M/M: 0.4% v 0.2%e; Raw Materials Price Index M/M: +1.4% v -1.9%e
- (BR) Brazil Sept Nominal Budget Balance (BRL): -9.2B v -17.1B prior; Primary Budget Balance: 8.1B v 8.1Be; Net Debt to GDP Ratio: 37.2% v 39.2% prior
- (PD) Poland Oct NBP Inflation Expectations: 4.2% v 3.8% prior
- (US) Oct Chicago Purchasing Manager: 58.4 v 59.0e
- (US) Oct Dallas Fed Manufacturing Activity: +2.3 v -5.0e
- (EU) ECB drained €173.5B vs. €173.5B targeted in 8-day Term Deposit tender

- A confluence of global economic events is shaking up US markets this morning. Another BoJ's solo currency intervention has faced some stiff headwinds in the form of a highly risk averse trading environment to begin the week. In Europe, equity indices fell sharply as yields on Spanish and Italian debt spiked higher, as investors expressed worries about the details of the EFSF deal. In the US, MF Global declared bankruptcy after negotiations for the sale of assets with various partners broke down, following a terrible Q2 earnings last week driven by big write downs on holdings of European debt, much like Dexia in early October. Share of Citigroup and Morgan Stanley fell as much as 6% in the first hour of trading, while financials are broadly lower. MF is a major derivatives market player, and its traders have been barred from clearing trades on the ICE, NYMEX and CME, potentially restricting liquidity on the exchanges. The US benchmark 10-year is up a full point depressing its yield to 2.2%.

- In earnings news, heath insurance giant Humana followed in the footsteps of its major competitors and reported very strong profits and hiked its FY11 outlook. Home improvement retailer Lowes missed earnings targets by a wide margin, as revenue contracted from year-ago levels. Note that Catastrophe losses at CNA, in which Loews has a 90 percent stake, were $32 million after-tax, compared with $8 million a year ago. Shares of Lowes are down 2% in the early going Industrial name Shaw Group's results also widely missed expectations, although the firm said that it was evaluating alternatives for its energy and chemicals business and has received "multiple indications of interest," helping shares. SHAW is up 6%.

- USD/JPY consolidated around the 78.00 level throughout the NY morning as dealers waited to seek if the BOJ would continues with its intervention effort. The pair did test 78.35 for a brief time as various accounts tried to spoof intervention price action. The 78.00 was the prior resistance over the last two months and viewed as a pivotal level for the NY close. EUR/USD hovered around the 1.40 handle in the session as risk aversion flows were driven by the widening peripheral yields in Europe.

***Looking Ahead***

- 11:30 (US) Treasury to sell $29B in 3-Month and $27B in 6-Month Bills
- 12:00 (CO) Colombia Sept Urban Unemployment Rate: 10.1%e v 10.4% prior
- 14:00 (GE) Bundesbank member Boehmler speaks in Schwabisch Gmund, Germany
- 15:00 (AR) Argentina Sep Construction Activity M/M: No est v 1.80% prior; Y/Y: No est v 11.5% prior
- 22:30 (CH) China Oct HSBC Manufacturing PMI: No est v 49.9 prior
- 23:30 (AU) RBA Interest Rate Decision: Expected to cut the Cast Target by 25bps to 4.50%

This information was brought to you courtesy of TradetheNews.com, for your free trial Click Here

Traders look for 'treats' on Halloween Crude, Gold, Euro and Russell Futures Prep

---------------------------------------------------------------------------------------

The James' Report:  Professional Resources for Professional Traders

---------------------------------------------------------------------------------------

- Dollar Index trading in a bearish price channel and we are OUTSIDE day, above the PHOD from Friday.  This tells us the DX is bullish, and also gives us a nice price magnet if the sellers push it back down.
Makes perfect sense to sell the channel highs, so we expect this price to move lower unless the buyers are too strong.
Lets plan if the dollar rises or falls.  if dollar rises it will go higher to 76.460 which means Im selling at resistance on euro, gold, crude, and russell.  If the dollar moves lower it will move to the previous day's trading range, which is the higher percentage move, and when the dx falls we will buying at support euro, crude, gold, russell, and any market that we trade.

Our 13range on the dollar index is SCREAMING at us to be careful this morning.  Monday morning with a narrow dollar trading range and a price wedge is telling us to remember LAST Friday's price action and think before we trade this morning.

- Crude Oil futures are trading in the range from Friday, we call this INSIDE DAY, so buy the lows and sell the highs, and avoid the middle of the range.  We also see us at the lows of the channel so if price falls I cannot sell without a higher risk trade.  I'm looking to buy at support as price falls and I wont be able to sell until below 90.45.  The key is market personality, so we are watching the dollar index closely looking for clues I can use with this price structure on the crude oil.

Crude Oil 34range chart shows us in a price wedge, and it makes sense to buy the lows, sell the highs, and avoid the middle on this Halloween Monday with such narrow dollar ranges today so far.  this may change quickly, but as of NOW this is telling us to buy lows, sell highs.
looking to buy the lows on crude oil now after seeing this double top and drawing our buy zone using our advanced price strucutres.

---------------------------------------------------------------------------------------

Around the Globe this morning:

- BoJ appears to get serious and will intervene until satisfied. Real money tests Japan's resolve to weaken the JPY

- China cautious on EU aid- ECB Trichet last day as chief and noted that the EU debt crisis was not over.

- Russia: Ready to help EU via IMF tools and would hold bilateral talks with Euro Zone members.

- EU Periphery spreads widen

- German retail sales data disappoints

- EU unemployment rises to highest level since June 2010

- European shares lost the euphoria of the European debt crisis agreement and traded down during the session as uncertainties and unknowns remain over details of the package.

- Moody's commented on the European debt plan and noted that is was a negative for regions 'AAA' nations and for Greek creditors. Moody's did note that the plan was slightly positive for the banking sector

- China President Hu: Monitoring the European situation carefully and those recent developments have been positive in the region. Hu reiterated belief that Europe can overcome its debt crisis and that China has a comprehensive strategic partnership with EU for cooperation

- German govt official: German sought G20 to maintain the Toronto debt goals and expected G20 plan to promote the local debt markets. Germany to discuss spillover effects from fiscal policy and surveillance and would talk about IMF cooperation with regional financial institutions. There was no reason to increase IMF resources but to discuss EFSF-IMF cooperation. G20 was to identify 29 systemically relevant financial bodies .He noted that Chancellor Merkel and President Obama would meet ahead of the G20 summit this Thursday.

- The UK Coalition is expected to announce a jobs project on Monday. Deputy Prime Minister Clegg will announce 35,000 jobs will be created using approximately £1 billion in public funds. The investment in more than 100 projects should follow with billions of pounds of investment from private enterprises.

- The Telegraph's Ambrose Evans-Pritchard commented on the social problems being dealt with by southern European governments. The governments there are facing political issues amid weak economic growth and austerity measures. Unemployment in Germany remains low, as austerity measures push up the jobless rates in the southern European countries.

---------------------------------------------------------------------------------------

Today's Economic News:

Traders looking for Halloween trading opportunities should be patient and look for the best times of the morning to participate.

We begin our day knowing the volume MAY be lower today with the Halloween Holiday in the US.  With all the banks and markets open, we don’t think this holiday will be THAT deterrent for traders, especially with the Fed meeting starting tomorrow.

We begin with news from CAD this morning and 830am GDP.  This will get the crude oil futures markets moving early because of the large exports of crude from Canada.

We then move through 930am EST into the 945 Chicago PMI, which has been getting better every report for the past 3 months, so optimism is high.

We then have 1030am Dallas Fed Manufacturing Index, which is another mover for crude, so we will be watching closely.

Looking for the best times to trade today will revolve around these news events.  Look for the market REACTION to the news this morning for clues to direction the rest of the day.

We will review these today in our live trade room.

---------------------------------------------------------------------------------------

Live Trade Room is open, come join us!

Need Help?  Click here for help logging into the Trade Room

I’m always improving this prep, I appreciate your feedback, please post it here!

Predict Sloppy Markets Before you Lose your Cash

----------------------------------------------------------------------------------------

Automated Trading Strategy Review <---------CLICK HERE

----------------------------------------------------------------------------------------
Friday’s are always the same, we need to come in early, and get out early, with the goal of waiting for those 30-minute windows of great price action.

All eyes on the dollar index this morning while we continue to read the reaction to the EFSF approval on Wednesday.  We will be looking for clues using the dollar index correlation.

830am EST

News comes out with very little reaction from the dollar index. 

Average true range is the lowest its been all week, so we know we need to be patient.

900am EST

Crude oil futures moving in the middle of the range with ATR rising.

We are seeing the average true range move higher by the minute so we know to stay patient we should be getting opportunities soon.

Very sloppy still this morning after 900am.

915am EST

We’re now sitting on hands ahead of the US open @ 930am

We are now starting to think the best price action won’t come our way until AFTER the 955am consumer sentiment.

935am EST

Market personality is still leaving us looking for more.

We may not get anything until after 10am, so lets stay patient.

1015am EST

Time to nail down our trading plan of attack now that we are post-news this Friday morning.

Dollar index is moving higher, but very sloppy.  1 tick higher-highs and then tumbles 10 ticks back down, so we need to focus on selling at resistance after a retracement on the markets we are trading this morning.

Mini-Russell Futures trading in a bear price channel, and we need to wait to sell the highs of the price channel with the dollar index moving the way it is.

1020am EST

Crude oil futures changing direction after the BULLISH consumer sentiment.

1045am EST

Dollar index is now dropping, a very different personality than we had 35 minutes ago.

Questions from trade room

Auto-trader

-          Fully-automated

-          Or you can manage the trades manually

-          Works on any market

-          Any timeframe

-          Overnight margins, or only day margins

Tradethenews.com:

-          Watch this lesson on the blog about how we use the economic news every day.

-          Test drive the news data with this link.

My favorite markets to trade

-          Crude oil futures

-          Mini-Russell Futures

-          Euro currency futures

-          Gold futures

-          FDAX is an old friend, but we got separated in late 2007 during the credit crunch.

o    $25eur/point

o    Ticks in .50 increments

o    High margins of $2500usd++

-----------------------------------------

What is big money (elephants)?  It depends on the market:

Illiquid markets:

-          Crude = 5-10

-          Russell = 5-10

-          Gold = 5-10

Liquid Markets:

-          ES = +100

-          ZB = +100

-          FESX = +100

-          Euro = +50

Automated Trading on Crude Oil, Gold, Euro and Russell

Hi Guys,

Another week of profitable discretionary trading come to an end, we earned over 150 ticks per contract using our very simple Fast Track Method, and 900 ticks on our Advanced Trading methods.

Now it’s time to see how the automated trading strategy has been doing this week.  Today I wanted to review crude oil futures.

We reviewed Gold, Euro, and Russell earlier this week so check those out too.

Here’s the most recent performance report on my auto-trader for crude oil.  

$8,485 earned over the past 60 days using this fully-automated trading system.  It does all the work for you.  We spend $1,095 in commissions to your broker, so that brings us to $7,390 net profit after paying commissions.  Still looks great!

Did i mention this 1 contract?  These figures are PER contract, so you can see the SKY is the limit with this strategy

Average = $3,695 per month auto-trading crude oil futures

So how do we does this auto-trader work so well in such rough markets this past month?  The secret is in the trade management.  Tight stops wont rob you of your profits, and wide targets ensure that when we are right, we make a lot of profit.  It takes 8 losses to wipe out 1 winning trade, and that’s why our results are so incredible.

As you can see we don’t get all winning trades with this strategy, it will take losses, but the losses are minor compared to the wins.  This is an excellent strategy for good, and bad price action, it never fails.

How do you get involved with this?  Contact our team today for a private orientation on using this automated trading strategy on your account as a member of our trading community.

Its an exciting time to be a trader, and our automated trading strategy is just another tool we provide our clients to help them make the profits that are working hard to earn.

We will be doing a live training on the Auto-Trader Monday @ 1130am EST with our members, so come join us!

Trade the News Market Internals Update at 12:00ET

DJIA +14 S&P500 -1.3 NASDAQ -3

***Economic Data***

- (SA) South Africa Sept Budget Balance (ZAR): -17.0BB v -5.4B prior
- (CL) Chile Sept Industrial Production Y/Y: 5.2% v 3.5%e; Industrial Sales Y/Y: 1.1% v 0.8%e
- (CL) Chile Sept Unemployment Rate: 7.4% v 7.3%e
- (CL) Chile Sept Total Copper Production: 436.7K v 427.4K tons prior
- (CL) Chile Sept Retail Sales Y/Y: 9.6% v 8.5%e
- (US) Sept Personal Income: 0.1% v 0.3%e; Personal Spending: 0.6% v 0.6%e
- (US) Sept PCE Core M/M:0.0 % v 0.1%e; Y/Y: 1.6% v 1.7%e; PCE Deflator Y/Y: 2.9% v 3.0%e
- (US) Q3 Employment Cost Index: 0.3% v 0.6%e
- (BE) Belgium Q3 Preliminary GDP Q/Q: 0.0% v 0.4% prior; Y/Y: 1.8% v 2.2% prior
- (EU) ECB completed €4.0B in settlements in its Gov't Bond buying program vs. €4.5B prior; To drain €173.5B in next Term Deposit Tender
- (US) Oct Final University of Michigan Confidence: 60.9 v 58.0e

- US indices are struggling to get out of negative territory this morning after the collapse of the market rally during the European session. The terrible showing in the Italian debt auction plus the German Constitutional Court ruling that limits the Bundestag's freedom of action on EFSF approvals sent European indices reeling just before US traders returned to their desks. The September Personal Income/Spending report indicated some troubling trends, as nearly flat income growth saw consumers sustain mild spending growth at the expense of savings. Many question how durable any recovery could be in the absence of income growth. In regards to the euro zone deal, Fitch said the debt haircut plan would amount to a Greek default if it was carried out, contradicting the opinion of the International Swaps and Derivatives Association (ISDA).

- There were some strong results out of the tech and consumer tech sector. AMD's profits outperformed despite continuing manufacturing delays from the Japan situation earlier this year, prompting a few analyst upgrades. AMD is up more than 12%. Netflix competitor Coinstar, which operates the popular Redbox service, crushed earnings expectations and hiked its FY11 guidance. The firm also raised its DVD rental prices for the first time in eight years, due to higher operating expenses. CSTR is in the red. Electronic Arts surprised investors with a healthy profit, versus expectations for a small loss. ERTS is down 9%. And Hewlett-Packard officially dropped plans to sell of its PC business last night, following a fresh review by incoming CEO Meg Whitman. HPQ is down 4%.

- Metlife modestly exceeded expectations in its Q3 report, thanks in part to double-digit growth in international premiums and a big gain in investment income. On the conference call, Metlife's CFO confirmed that it would drop bank holding company status by mid 2012 with the divestment of its bank unit. Health insurance name Cigna missed bottom-line expectations slightly, but also significantly hiked its guidance for FY11 membership growth. MET is up 4% while CI is down 1%.

- Pharma names Merck and Biogen Idec both comfortably beat consensus estimates on the top and bottom lines. Singulair, Merck's top drug, saw sales rise 10 percent to $1.34 billion. Its US patent expires next year. Biogen said it hopes to file for approval of its BG-12 MS drug in the first half of FY12. MRK is up 1%, off its best levels. BIIB is near its highs, up 2%.

- Auto-related manufacturing names Goodyear and American Axle both topped markets' expectations, the former by a very wide margin thanks to one-time items. However, Goodyear warned that tire sales volumes in North America declined 8% y/y. Axle was optimistic about strong growth in its backlog. GT is up 6% and AXL is flat, after being down almost 5% earlier. Whirlpool's results were disappointing and the firm announced that it would cut 10% of its workforce and undertake major restructuring efforts. Whirlpool said it saw weakening demand from emerging markets and "recessionary" demand levels in developed markets. Autoparts name Lear missed high expectations despite double-digit revenue growth in its major segments. LEA is down 5%, while WHR is down more than 10%.

- The price action continues to be muted this morning despite the renewed concerns over peripheral bond yields. EUR/USD drifted lower to test 1.4135 after to stay below its former one-year uptrend line that was violated back in early Sept. The euro needs a clear break and a weekly close above the 1.4230 area in order to maintain its recent upward momentum. The Italian 10-year bond-yield retested the 6% level ahead of the European close despite renewed chatter of ECB buying peripheral debt.

***Looking Ahead***

- (CO) Colombia Central Bank Interest rate Decision: Expected to leave the Overnight Lending Rate unchanged at 4.50%
- (MX) Mexico Sept YTD Budget Balance (MXN): No est v -172.5B prior
- 11:00 (US) Fed to buy $8.00-9.00B in Notes

This information was brought to you courtesy of TradetheNews.com, for your free trial Click Here

Traders look for Consumer Sentiment to finish up an exciting week

---------------------------------------------------------------------------------------

The James' Report:  Professional Resources for Professional Traders

---------------------------------------------------------------------------------------

- dollar index trading in the bear price channel lows, and we use our trigger zone to tell us where this dollar index is likely to move this morning.  Expect the dollar index to rise off these lows up into the zone above us at that time we will expect price to then fall off the highs of the price channel.  Remember to use the dollar index correlation today.

 We see the average true range on the dollar is lower today, giving us a BIG CLUE to stay patient and wait for some market personality.

I can see narrow ranges on the faster chart of the dollar, and this is a big concern.  I want to wait for the price to move higher or lower to give me a clue to when the best times to trade will be.  Ive added a price alert indicator to remind me of WHEN to start looking for trading opportunities.

euro futures are trading at the highs of the bull price channel, we want to sell these highs bringing price down to the trigger zone.  we then want to buy above the zone (wave long) or sell below the zone for a wave pattern failure.  sell below the zone with the target at the channel lows around 1.3820

 we can also see the narrow range showing up on the euro chart as well.  this looks very similar to the dollar index 13range chart, so remember when the dollar is narrow, so is the markets such as the euro.  wait for the dollar to move higher/lower for the best moves on the euro.  Keep selling at resistance as price drops lower.

Crude Oil trading in the bull channel, inside day, and price wedge.  this is an easy structure to predict what is likely to happen, we just need to see some more personality this morning.  Sell the highs, buy the lows, and FADE the breakouts today is our plan.

now we see a PERFECT Wedge Price Structure on the same 89range chart.  again, easy clues, but we need to wait for better price action as of 930am

Looking to sell short off these highs on the russell

---------------------------------------------------------------------------------------

Around the Globe this morning:

- European shares continued to rally on the back of the positive sentiment provided by the Eurozone agreement to the Greek crisis on Wednesday

- Following the comprehensive agreement on the European Financial Stability Fund (EFSF) in Europe, the British press reported that China could play a hand by contributing approx €70.5 billion ($100 billion) towards the EFSF

- French President Sarkozy said that it was a mistake to have allowed Greece into the euro zone. The financial press reported that he thought Greece was not ready for membership when it joined in 2001, and used false economic figures to gain entry. He was, however, confident Greece can emerge from its debt crisis, thanks to the deal reached by EU leaders

---------------------------------------------------------------------------------------

Today's Economic News:

Fridays are always an interesting day for traders.  This morning we have the completion of a week all about the dollar index after the EU Summit on Wednesday, and the so-called plan to help Europe avoid a double-dip recession.  We will be watching for continued to reaction to this event this morning.

Friday’s are all about getting in early, staying patient for those perfect patterns, and then getting out of the markets before price action slows down ahead of the weekend. 

We begin the day with 830am Personal Income, followed by the 930am US Open, and then our big news of the day will be Consumer Sentiment at 955am.  A positive reading for consumer sentiment will send us into the weekend riding on the highs of the week and an optimistic outlook moving forward, so this will be an exciting day.

Look for price action to slow down after 1045am EST this morning, we will be looking for clues in market personality as we go into the 11am timeframe to see when this day is over.

We will take all your questions around 11am EST today so stick around and have some fun on a Friday with us!

---------------------------------------------------------------------------------------

Live Trade Room is open, come join us!

Need Help?  Click here for help logging into the Trade Room

I’m always improving this prep, I appreciate your feedback, please post it here!

Russell Momentum Strategy & Dollar Index helps us hit our daily trading goal

Today we are anxious to see the reaction after the EU Leaders Summit which was rumored to have made some good progress.

Like most things, the REAL test is in the markets.  Will the volume be high?  We will have to wait and see.

845am EST

We are not seeing much market personality after the major news at 830am EST.  jobless claims and GDP came out within expectations so we can assume the market had priced it in.

855am EST

Dollar index is making new lower-lows causing things to chop higher, making it hard to buy at the highs.

If the dollar index bounces off this 75.626 support we will sell the highs,  if it keep going lower we need to wait to buy 21range pullbacks.

The key today will be our ability to time our entries using the dollar index correlation along with the price structure on the markets we trade.

I don’t want to buy the highs, so I need to wait to buy a pullback with this dollar index dropping tick by tick.

Questions from the trade room

Where do the best trades come from?

-          Buy the lows

-          Selling the highs

-          Using the 13 and 21 range charts

o   Fewer trades use the 21 and 34

o   More trades (more losses) use the 13, 8, and 4 range

Gold Automated Trading earns profit in both good & bad price action

Hi Guys,

We had another exciting day of live discretionary trading in our trade room this morning, and I wanted to keep you up-dated on our Automated Trading Strategies.

Yesterday we looked at the Euro currency futures automated strategy, which was very impressive.

Today I want to look at trading Gold futures with our fully-automated trading strategy, which comes with our advanced membership.

Lets first look at the performance report, which includes commissions to make sure you have an exact look at the REAL profit you will see.

90 days of trading earned us $10,385 per contract.

Deduct out commissions of $2,635 and you get a final net profit of $7,750 per contract.

Divide $7,750 by 3 months = $2,583 per month, per contract.  My goal is an average of $1,500 per contract every month, so this makes us very happy.

As you can see from this performance report, this fully-automated trading system earned 2% per month, which is a dream come true for anyone looking to manage money over a long period of time.

Let’s take a look at the trades this system has taken recently, and remember, losses are going to happen, but they are VERY small stops and WIDE profit targets which makes this whole thing work wonderfully.

Remember…these are based on 1 contract, and this is scale-able to as many contacts (and different Markets) as you desire.  The potential is limitless.

Also, there is a feature on our Automated strategies that allow me to MANAGE the trade MANUALLY, which means you can also use this Auto-Trader to get you INTO a trade, and then use our discretionary method to take profit where you see fit.

I am a very big believer that an auto-trader can take the PRESSURE off a new trader to learn and earn at the same time.  Knowing that you have money being made while you sleep allows you to focus on trading correctly, rather than forcing trades to make money while you learn.

This is the FUTURE of automated trading right here, right now.  I look forward to sharing this resource with all of our advanced members.

PS.  My operations team is now offering a $200 discount for all Phone/Skype Orientations with new clients.  If you want to get started using this, register over the phone or skype for a personal orientation and save $200 off your membership.  This won’t be offered in November, so don’t delay.