April 4, 2012
- in Uncategorized by schooloftrade
Day trading strategy for euro currency futures
My first job with the euro is to identify the dollar index correlation
which is rising today, pushing the euro lower today. My second job is to find the price structure on
each chart I will be using today. The first
things we see on the euro is the bull price channel and we are at the lows or
at support. We can see outside trading
day below the PLOD and we can also see this as a bullish price wedge.
which is rising today, pushing the euro lower today. My second job is to find the price structure on
each chart I will be using today. The first
things we see on the euro is the bull price channel and we are at the lows or
at support. We can see outside trading
day below the PLOD and we can also see this as a bullish price wedge.
We dig a little deeper into the advanced price-structures on
the 89 range chart to find a bullish price wedge that gives us major support t
1.3095 and 1.3055. now we know where to
look for buying opportunities, or if the dollar index is really strong moving
higher we will use these as profit target.
the 89 range chart to find a bullish price wedge that gives us major support t
1.3095 and 1.3055. now we know where to
look for buying opportunities, or if the dollar index is really strong moving
higher we will use these as profit target.
The 34 range chart shows us a new price channel-break
advanced price-structures so we now there is additional support at the 1.3110
which is perfect location to buy the lows of the price wedge.
 |
| Day trading strategy for euro currency futures |
