March 25, 2010

Wave Trading for Amazing Results! Don’t miss more Tomorrow!

We opened up our charts today & the market gave us clues …

– 830am EST

o Dollar Index Futures have pushed through 82.000, and now resting on that big round number as support

o Support on the Dollar = Resistance on everything else

  • Look for the short side on other markets (negative correlation)

o Crude Oil Futures trading sideways from 81.00 down to 80.00

  • We expect the last two weeks of quarter #1 to be like this, so be patient.

– 900am EST

o Start looking for patterns after our charts issues

o Gold Futures trading sideways, < 100 on Pace of Tape, so very slow on Gold

o Crude Oil testing its highs

o Our first trade of the day was a 2-step short off the HOD

  • Full stop, price was VERY whippy

– 930am EST

o Crude Oil Fuutres trading @ their previous day’s open

  •  very flat, and slow

o Gold Futures also flat, POT < 100 = slow speed = danger!

o Dollar Index Futures, still trading @ support big round number 82.000

o Russell Futures, still sideways after a full day of trading, need to wait for a breakout to get involved. Good speed, but little movement.

o Euro Futures are completely choppy and sideways, trading at their lows

– 1100am EST

o Dollar Index Futures still sitting sideways @ big round number of 82.000

o Dollar is the spark-plug! We need the dollar to move the other markets~

o Gold Futures also VERY flat, pace of tape < 100 almost all morning

4 trades today, 2 winners & 1 Loss

+4ticks , -40usd

Wave indicator made 59 ticks tough!!! See you tomorrow for more!

Only 4 contracts needed to achieve this today!

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

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