Confidence is vital to our success, try this technique! Webinar 1130am Tomorrow!

815am EST:

– Dollar Index Futures trading sideways at the high of its sideways range

o Fast timeframe shows no short term trend

o Average true range (atr) has been dropping since 745am EST

 Narrowing ATR shows signs of concern b/c the rest of the market will follow

– Crude Oil Futures trading sideways from 83.60 to 84.50

o Average true range is at its DAILY high, but only half of the ATR we saw yesterday

 Things are more narrow than they were yesterday

830am EST:

– Gold Futures trading sideways from yesterday’s price bracket

o Average true range is at its daily highs, but only half of the range we saw yesterday

 Wait and watch to see if this price action improves

– Pound Futures are also trading sideways

o Average true range is flat, off its highs from earlier today, check back later to see any change

1030am EST

– Gold Futures continue to trade sideways

– Crude Oil futures looking very violent after the 1030am Inventory news

– Dollar Index continues to trade flat

2 trades, 2 losses, moved to simulation

2 more trades, 2 winners

Bummer!  Got our confidence back, and we will be back trading live in the morning, see you there!

-24 ticks, -$240usd

Only 4 contracts needed to achieve this today!

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