May 28, 2010

98 Ticks Live Today! $17,500 in May 4 Lots! Re-open Wednesday 745am EST

Next week’s schedule:

• Trade room is closed Monday & Tuesday

• (the markets are OPEN on Tuesday)

• Sales & Support office is closed Monday

• Sales & Support is open Tuesday and the rest of the week.

The Market Gives us clues today…

830am EST

– Dollar Index Futures are trading sideways at their highs from late last week

o Speed is very slow,

o Average true range is very low, and has been dropping this morning

o This tells us that today, a Friday before a long weekend, we may not see much activity from the dollar, which means the other markets may not either

o Keep checking back every 20 mins to see if this improving.

– Euro Futures are the opposite of the dollar this morning

o Sideways market at their lows

o Decent speed, little green and yellow POT, so no worried about speed

o Average true range is not very exciting, its at the lowest point of the passed week, but we’ll check back and see if its improved.

1000am EST

– Gold futures, we defined a narrow downward channel, appears gold is trying to sell off today

Remember, this is a UNIVERSAL method of trading

– Any market

– Any timeframe

– Anything goes, as long as the pattern fits our simple rules

– We’ve made 50 ticks on scalping entries

o 4-range chart

o 6 tick stop

o Targets = +4, +8, runner

– Watch the blog

o 200 ticks in 24 hours on long term trade calls

o Buy here, sell there

o You don’t need to be a member to READ the blog

o Our members are trained on how to execute those entries

o Wave Pattern

o DX-Pattern

 Slower timeframe trades

• 10-minute, 10 hours

1045am EST

– We noticed the market looks to be falling asleep, but lets confirm with the vital signs of the market

o Average true range

 Gold = dropping from its recent highs

 Crude Oil dropping

 Euro starting to drop

 We don’t watch the READING of the indicator, we look at the comparison of what the ATR was previously

o Speed of the Tape (pace of tape indicator)

 Gold < 100 (very slow)

 Everything we watch right now has RED (slow) pace of the tape

o Big MONEY

 Larger-sized traders as they come into the market

 Filtered time & sales window

• Filtered for 5/10/20 contracts

 Look closely for the BIG MONEY in the market, and if they aren’t there, we need to trade with caution.

5 trades today, 5 Winners

+98 ticks, $980usd

Only 4 contracts needed to achieve this today!

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

    schooloftrade

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