This is ALL TRADING, ALL THE TIME.
The markets covered are the US 30-year bonds, 10-year notes, 5-year notes, and SP500 Futures. This room is used by both professional traders and students.
Some general information about the trading room:
The futures trading room opens promptly at 6:45am CST. I begin by analyzing the overnight session and alerting attendees to any early trading opportunities I see. Around 7:00am CST, we will also get information from the floor of the CBOT including pivots, support and resistance used by some of the trading floor community. The floor information does not replace or have any effect on my newsletter. We are using the floor information in conjunction with my newsletter and our setups as we strive to find multiple reasons to make a particular trade.
For example, if a level on my newsletter is also one that we hear the floor is using (within 1-3 ticks) you have found an important price in the market and can place orders in your price ladder accordingly.
After I run thru the floor info I inform the room of the pre-open trading opportunities as we await the opening of floor trading at 7:20 CT. My primary goals are to keep you on the right side of the market and informed of impending trades that I see. If you choose to watch my desktop you will see every entry, stop, and exit of trades I like….but please understand: my trading room is NOT one of those “the GURU calls out trades and everyone takes them” type of room. Sure, you can follow my trades – but strive to use my room as information and professional insight.
There is a message board in the trading room. Use it to verify something if you think you misheard...use it to get up-to-speed if you’re returning from a break. But please consider this: my clients rarely use the message board and, the less time I am diverted to the message board, the more time I can spend analyzing the market and fulfilling my primary goals for the room.
My moderating in the trading room helps my clients from the newest (to avoid dangerous market conditions and to assign a risk level to impending trades) to the most successful (by being another set of eyes on the markets). With this in mind, my method of analysis demands focus. There will be several minutes of silence in my trading room. If there’s nothing to say, I’m not going to say anything. I run a room to help you find trade opportunities and make better trades.
To take a look at how the Live Trading Room works, watch this video below: