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Monthly Archives: June 2013

June 14, 2013

Crude Oil Day trading strategy

Crude Oil 60-Minute Crude Oil will be rolling over to the 08-13 contract on the 19th of this month, remember that for early next week.  We can see the bullish price-channel has continued this morning on Crude Oil Futures and this tells us that buying pullbacks after testing support levels below us will be where […]

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June 13, 2013

Day Trading Gold with Multiple Chart Timeframes

This morning we used multiple chart timeframes to anticipate a price reversal on Gold Futures, and enter into long trading opportunities once the reversal was completed. Gold Anchor Chart We began with a 5-minute anchor chart on Gold and noticed the Previous Week’s Lows were being tested as major support.  The candlestick that tested this […]

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June 13, 2013

BIG CLUE for a Price Reversal on Gold

Look closely at this 5-minute chart of Gold Futures.  We have a candlestick close ABOVE the previous week’s lows, telling us this move lower is likely to come to an end.  The news this morning from Jobless Claims gave the dollar a boost and drove gold through the floor.  Now we are looking for a […]

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June 13, 2013

Mini-Russell day trading strategy

Mini Russell 60-minute chart The Mini-Russell shows us a big bounce off the lows of the bear price-channel and the double-top price-reversal level at 963.5.  In addition to this technical support we also have a BULLISH Dollar-Index after the news this morning gave confidence to the buyers of the Dollar-Index.  The Mini-Russell is rising higher […]

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June 13, 2013

Gold day trading strategy

Gold 60-Minute Gold doesn’t give us much to work with this morning outside of the Dollar-Index-correlation.  We are trading inside the price-wedge after bouncing off the double-top support level at 1366.4 on Wednesday.  Now we find ourselves in the middle of the trading range and feeling like a ship without a rudder.  We know in the middle […]

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June 13, 2013

Euro day trading strategy

Euro 60_minute  The euro is falling lower after the news here in the US from Jobless Claims and Retail Sales came out bullish for the Dollar-Index.  We use the negative Dollar-Index-correlation to know that a strong Dollar-Index means a weak Euro.  As the Dollar-Index pushes higher we see the euro move into a perfect price […]

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June 13, 2013

Crude Oil day trading strategy

Crude Oil 60-Minute We can see the bullish price-channel and the bullish price-wedge that has developed in the short term telling us to buy the lows at support levels at 95.25, 94.96, 94.56 and 94.31.   If prices move higher, we will use the levels above us to take a profit-target if we are long, or […]

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June 13, 2013

Dollar-Index day trading strategy

Dollar Index Correlation Strategy We can see that the Dollar-Index has rolled forward to the 09-13 contract this morning, ahead of the currency Futures and e-minis which will be rolling over tomorrow and early next week.  We don’t have Gold or Crude Oil rollover this week, those will be down the line in the Future.  […]

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