July 30, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil did end up having EXACTLY what we thought yesterday with a quick blow-off before continuing lower. Now we have created a minor wedge which we are at the lows of. I will be looking to buy this back up to 104.29-104.52 but with the overall bearish move, I will also be looking for short signals to push lower to 103.15.

Euro 60-Minute

The Euro is trading at the highs and failed to close above the highs. We might have just had a blow-off at the highs before failing back lower. I am looking to sell this market back down to 1.3270 first, then 1.3250-1.3241 to the channel low.

Gold 60-Minute

Gold Futures is bouncing off the BMT and the wedge low. I am looking to buy it back up to the 1331.9 to the wedge highs. We are about 70% to completion of this wedge which is when you start to see these levels fail. If we fail lower I will look for short opportunities back to the BMT at 1317.8.

Russell 60-Minute

The Russell is approaching the minor wedge high after breaking through the BMT. I am looking to buy it up short term to sell it back down once we reach the wedge above.

Come join us in the room and see how we do it!

    schooloftrade

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