July 15, 2013

Major Futures Markets Day Trading Strategy

Crude 60-Minute

Crude Oil has quite a bit going on right now. We have started to fail below the minor channel low, but we have a minor trend line and the major channel high below us. I am looking to sell short term, but looking to buy at these lower levels.

Euro 60-Minute

The Euro has started to wedge going into the BMT as well as being RIGHT at the minor wedge lows. I am looking to buy at these lows, but I will be more interested in the sell side if we can start breaking below the lows of this minor wedge to get a possible blow off through the BMT.

Gold 60-Minute

Gold is currently bouncing off the minor wedge lows after a failed blow off. I am looking to buy this market back to the wedge highs above us. I would really like to see us move to the major trend line highs above, but if we can continue to sell a bit lower, I am looking for market interest at the 1266.4 area.

Russell 60-Minute

The Russell is almost directly in the middle of nowhere. We are in the middle of a minor channel and about a 1/4 of the way to the highs of the major channel. I will be sitting on hands until we can get a decisive move out of the Russell.

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

    schooloftrade

    Click Here to Leave a Comment Below

    Leave a Reply: