Consumer Sentiment Day Trading Crude Oil and Euro Futures

Our day trading strategy for trading the futures markets is a little different on a Friday.  We know there will be small ‘windows of opportunity’ throughout the day and its up to us to get in early, be selective, and get out early before the market falls asleep after 1130am EST.

Our trading strategy this morning used a very familiar price structure; price wedge and inside the range from yesturday.  This SCREAMS at us ‘fade the highs’ and ‘buy the lows’ and we ultimately look for failed breakouts all morning long.

Trades Called in Our Trade Room

The Dollar Index helped confirm this day trading strategy this morning when we noticed our intra-day timeframes were trading in a price wedge, inside the range from thursday, and when the DOLLAR is doing this, on a friday we really need to be careful not to over-trade becuase we can see a sloppy, range-bound day coming a mile ahead of time.

Dollar Index Day Trading Strategy @ 730am

Our day trading strategy for crude oil futures was pretty simple; avoid the middle of the wedge, and wait for price to move higher or lower so we can sell the highs and buy the lows.  Remember, the middle of the wedge also had the 100.00 big round number, and the 12:00am EST Open of the day (for us at least) and we knew that the middle of this wedge would be a definate magnet for price to move towards, especially if you waited for the volume to drop a little end of the morning.

Crude Oil Day Trading Strategy @ 730am

We were 200% correct in this day trading strategy and we used the clues we got at 730am EST with our morning day trading prep to earn some great profit today.  I personally fell victim to over-thinking the news this morning (follow the plan JJ!) and certainly left some money on the table, but in the end our members in the trade room got a chance to learn and earn with me in a classic example of a friday in the markets.

Did you miss the action today?  We will be opening our trade room again on Monday @ 730am EST and we look forward to helping you learn how we trade, make some money, and maybe even have some fun along the way.

Starting next week we will have more up-dates on the Automated Trading Systems we use, this was a busy week with a new support team getting trained, so thanks for the patience regarding the performance reports for the auto-trader (which had an incrdedible week!)

See you Monday!  Follow the plan Stan! 🙂