March 30, 2010

46 Ticks LIVE Trading Today! Webinars @ 1130am EST all week!

Market Gave us clues today…

845am EST:

• Dollar Index Futures trading in a sluggish downward trend from yesterday

• Dollar Index Futures pace of tape, speed of the market is the concern (< 100)

• Gold Futures very slow, very sideways

• we rolled over to the next front month contract on Gold Futures b/c the VOLUME proved to be trading higher on the 06-10 contract. We often have slower days around rollover b/c the two contracts are ‘sharing’ their volume.

• EURO Futures are sideways trading range from Monday, decent speed of the tape, but we need to clear the sideways extremes before we get into this market.

920am EST

• Crude Oil Futures very sideways, decent speed, but overall market participation appears to be low

• British Pound Futures very choppy, lots of double-tops and double-bottoms, trading around big round numbers (psychological price levels we must avoid trading around)

1100am EST:

• Euro Futures continues to sit very slow and sluggish at its lows. Multiple attempts to break the lows are not met with BIG SELLERS, so we look for the reversal off the Low of Day

• Crude Oil Futures continue to trade sideways, very tight, narrow range today. lets wait for tomorrow 🙂

3 trades today, 3 winners

+46 ticks, $460usd

Only 4 contracts needed to achieve this today!

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

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