Look Who it Was Random video

Another 300 Ticks Day Trading Gold and Crude Oil Futures; Automated Trading System

505 views · Published 9 December 2010 · 9:24 · Indexed 25 September 2026

Channel: Joseph James Trading With JJ · 2010 · Education

Watch on YouTube

http://www.sidewaysmarkets.com/2010/12/830am-jobless-claims-came-out-lower.html

We had another exciting day in our live trade room, earning over 300 ticks for the THIRD time this WEEK.

We began our day on the dollar, inside the range from Wednesday, flat, slow and sluggish.  The dollar told us early today that we were going to have a sideways market today.

Sideways markets are easy to trade; in fact, I like them MORE than trending markets for many reasons.  We trade flat markets by avoiding the middle of the range and buying lows and selling highs.

With this information we planned our trades for the morning, and then simple traded our plan, letting price come to us, and reading the tape, volume, and speed to make educated decisions.

We bought the lows on gold and then bought the pullback at the highs of the wedge.

Crude Oil tested the lows of the price channel, so we waited for price to drop below 88.00 and sold a retracement with a wave pattern for over 70 ticks on crude oil.

We earned 100 ticks before 930 for the third time this week, so don't miss today's video so you can see how it set up.

More from this channel