March 23, 2010

35 Ticks Live Today, Currencies Webinar 530pm EST Tonight!

We opened our charts today and the market gave us some clues…

– Last week of the first quarter, expected to be slow

– Not much news today

– 830am Dollar Index Futures

o Slow = wide sideways range from 81.600 – 80.780

o Fast = moving within that range, we saw some decent movement at this time

o Speed of the market (pace of tape) is very slow

– 900am

o Crude Oil Futures very slow (POT < 100)

o Gold Futures very slow (POT < 100)

o Dollar Index Futures continues to be slow

– 930am

o Dollar Index Futures continue sideways around the 81.000

o Gold Futures are also going sideways, tucked underneath the 1100.00 psychological price levels

o Crude Oil Futures, sideways, but looking to break to the downside

– 1045AM

o Russell Futures sideways from 82.7 – 78.5

o Dollar Index Futures still flat on slow timeframe

o Testing the double-top from end of the day on Monday

o Sideways, but testing the high of 82.00 and very sloppy around that area.

3 trades today, 3 winners

+35 ticks, $350usd

Only 4 contracts needed to achieve this today!

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


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