July 19, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is breaking the wedge highs right now. I am looking to sell this as a potential blow-off but if we continue higher I will be looking to buy a pullback to the top of the wedge.

Euro 60-Minute

The Euro is bouncing off of a newly created wedge low. I am looking to go long on pullbacks until we get up to the high around 1.3170’s.

Gold 60-Minute

Gold is hanging out in the middle of the range right now. I am going to be sitting on hands until we get a decisive move in either direction. We are in an old area of resistance right now and can’t seem to push past these highs.

Russell 60-Minute

The Russell is catching a nice bounce off the wedge lows. I will be looking long from here up to the highs at 1051.9. If we can manage to get up to that point I will be looking to sell as that will be near the completion of the wedge.

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

    schooloftrade

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