October 26, 2012

+200t Friday day trading strategy Crude Oil, Mini-Russell, Gold, Euro Futures

This morning we executed a very simple day trading strategy which took into account Friday’s market personality along with what we expected to see from the GDP news and Consumer sentiment.  We traded some of our favorite futures markets, including Crude Oil, Gold, Mini-Russell, and the Euro currency futures.

This morning started off with a great first trade; buying the lows of a very simple price-structure we call a price-wedge.  Some traders may call this a triangle, either way you slice it, we know exactly where the high-percentage-trades will occur when we see a price-structure such as this.
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Read the Complete Trade Room Recap HERE

    schooloftrade

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