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Monthly Archives: May 2013

May 13, 2013

E-Mini S&P Futures Prep

E-Mini S&P Anchor Chart The E-Mini S&P shows us some very big, but conflicting, clues this morning when we use the slower anchor chart to prep for the scalping-strategy.  First, we see the bull price-channel which tells us to buy at support levels on the way up.  Second clue is that we’re trading at the […]

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May 13, 2013

Mini-Russell Futures Prep

E-Mini Russell Anchor Chart We can see the long-term trend is bullish on the Mini-Russell anchor chart this morning and has been rising like this since the first trading day of May.  We know that the green cloud, the higher-highs and higher-lows tell us to look for buying opportunities on the entry time frames using […]

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May 13, 2013

Gold Futures Prep

Gold Futures Anchor Chart Gold trades in a very narrow price-wedge and sideways-trading-range this morning on the anchor chart.  This anchor chart tells us that we may want to ‘fold this hand’ and wait for the next.  IN other words, we want to sit-on-hands and wait for new higher-highs or new lower-lows to get into […]

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May 13, 2013

Euro & Swissy Currency Futures

Euro Anchor Chart The euro looks like a carbon copy of the Dollar-Index except completely the opposite.  We have the Dollar-Index rising with a short term sideways-trading-range and we see the euro is falling with another sideways-trading-range.  This tells us that when we see new higher-highs on the Dollar-Index we will see new lower-lows on […]

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May 13, 2013

FDAX Futures Prep

FDAX Anchor Chart We can see the Anchor chart trading lower with a bearish long-term trend.  We can also see the FDAX moving higher in the short term, which may result in a sideways-trading-range later in today’s trading session.  Ideally we want to trade SHORT this morning using the red Cloud on the anchor chart […]

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May 13, 2013

Dollar-Index Correlation

Dollar Index Futures  We begin with the Dollar-Index correlation which is very strong with currency Futures such as the Euro, Aussie Dollar, the Swissy and the Canadian Dollar.  This morning we can see the Dollar-Index is rising higher in the longer term but trading sideways in the short term.  We have a large green cloud, […]

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May 13, 2013

Crude Oil Morning Prep

Crude Oil 5-Minute Chart We can see the London Trading Session is very narrow overnight so this morning we will be looking for a breakout of the London Session which we will then look for one of our Price Reversal Levels to hold as resistance and we will get short.  The bigger picture charts we […]

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