March 22, 2012
- in Uncategorized by schooloftrade
Day trading strategy for Crude Oil, Euro and E-Mini-Russell Futures
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This morning we used
three clues to make educated trading decisions according to our simple day
trading strategy for Crude Oil, euro, E-Mini-Russell, and gold futures. Our day trading strategy earned us a modest
30 ticks for the Advanced Method, and 40 ticks for the fast track method on a
very sloppy and inconsistent trading environment.
| Joe’s Trades Today |
This morning began with jobless claims moving lower than
estimates were expecting, pushing the dollar index higher, to the highs of the price
channel and price wedge, where we then expected it to tumble off the highs and
end up at the lows of the price wedge.
With the dollar index at resistance we knew that it SHOULD fall off the
highs, and when it did NOT fall off the highs this morning the prices on Crude
Oil, euro, gold futures, and E-Mini-Russell got stuck in a very narrow and
sluggish range, making it very hard to trade.
estimates were expecting, pushing the dollar index higher, to the highs of the price
channel and price wedge, where we then expected it to tumble off the highs and
end up at the lows of the price wedge.
With the dollar index at resistance we knew that it SHOULD fall off the
highs, and when it did NOT fall off the highs this morning the prices on Crude
Oil, euro, gold futures, and E-Mini-Russell got stuck in a very narrow and
sluggish range, making it very hard to trade.
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| Dollar Index Trading Strategy |
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| Crude Oil Trading Strategy |
Crude Oil futures gave us some easy clues. We had a price wedge, inside day, and under
normal conditions (such as Monday, Tuesday, and Wednesday this week) we would
have easily bought the lows and sold the highs of the price wedge for easy
profits. This morning we simply never
got the moves we needed to make much profit, and the trades we did take sat
there and traded sideways.
normal conditions (such as Monday, Tuesday, and Wednesday this week) we would
have easily bought the lows and sold the highs of the price wedge for easy
profits. This morning we simply never
got the moves we needed to make much profit, and the trades we did take sat
there and traded sideways.
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I trade my own account in our
live trade room, My trading statements are available on request
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