March 5, 2012
- in Uncategorized by schooloftrade
Fade-the-breakouts; dollar index at support, Sell Crude Oil day trading strategy
===================================================================
Click here to Review what REAL MEMBERS are saying about
SchoolOfTrade.com
===================================================================
Our day trading strategy this morning used the news, the dollar
index and some easy price structures on Crude Oil and E-Mini-Russell futures to
earn over 180 ticks or profit. First, we knew that Monday’s are always going
to be a little slower than normal at the beginning of the morning, and without
any major news before 930am EST we took our time this morning to get prepared
for another busy week.
index and some easy price structures on Crude Oil and E-Mini-Russell futures to
earn over 180 ticks or profit. First, we knew that Monday’s are always going
to be a little slower than normal at the beginning of the morning, and without
any major news before 930am EST we took our time this morning to get prepared
for another busy week.
 |
| Trades Called Live Today |
Our day trading
strategy began with dollar index this morning and we had a few easy clues. First, the bull price channel was excellent support
and when the dollar index tested the price channel lows we had a perfect
opportunity to sell the price wedge highs on Crude Oil, sell below PLOD on E-Mini-Russell,
and sell new lower-lows on gold futures.
The dollar index also gave us a BIG clue around 1100am EST today by
trading in a very narrow price wedge, which we saw immediately and announced it
to our live trade room to make sure everyone was watching carefully.
strategy began with dollar index this morning and we had a few easy clues. First, the bull price channel was excellent support
and when the dollar index tested the price channel lows we had a perfect
opportunity to sell the price wedge highs on Crude Oil, sell below PLOD on E-Mini-Russell,
and sell new lower-lows on gold futures.
The dollar index also gave us a BIG clue around 1100am EST today by
trading in a very narrow price wedge, which we saw immediately and announced it
to our live trade room to make sure everyone was watching carefully.
 |
| Dollar Index Day Trading Strategy |
The biggest clue this
morning for our day trading strategy on Crude Oil was the combination of the price
wedge and the dollar index bull price channel support. When Crude Oil pushed higher this morning we
saw the dollar index sitting on support from the bull price channel and that
basically told us to fade-the-breakouts on Crude Oil because the dollar index correlation
would pull price back DOWN on Crude Oil and it definitely did. We took 5 trades selling the highs on Crude
Oil today for some incredible profits.
morning for our day trading strategy on Crude Oil was the combination of the price
wedge and the dollar index bull price channel support. When Crude Oil pushed higher this morning we
saw the dollar index sitting on support from the bull price channel and that
basically told us to fade-the-breakouts on Crude Oil because the dollar index correlation
would pull price back DOWN on Crude Oil and it definitely did. We took 5 trades selling the highs on Crude
Oil today for some incredible profits.
 |
| Crude Oil Day Trading Strategy |
We had a sloppy start
to the day trading strategy for the E-Mini-Russell this morning, but it
worked out well because we had a lot of opportunity earlier on Crude Oil so by
the time the E-Mini-Russell dropped below its PLOD we were ready to buy the
lows/support of the range for an easy winning trade. The big trade of the day on E-Mini-Russell was
selling the highs of the bear price channel, which we found on the 21-range
chart around 930am EST today. We bought
the lows of the 89-range price channel, and then found the short term price
channel on the faster timeframe and sold the highs of that price channel for 2
easy trades today on one of our favorite e-mini futures markets.
to the day trading strategy for the E-Mini-Russell this morning, but it
worked out well because we had a lot of opportunity earlier on Crude Oil so by
the time the E-Mini-Russell dropped below its PLOD we were ready to buy the
lows/support of the range for an easy winning trade. The big trade of the day on E-Mini-Russell was
selling the highs of the bear price channel, which we found on the 21-range
chart around 930am EST today. We bought
the lows of the 89-range price channel, and then found the short term price
channel on the faster timeframe and sold the highs of that price channel for 2
easy trades today on one of our favorite e-mini futures markets.
 |
| E-Mini Russell Trading Strategy |
Did you miss the
action in today’s live trade room?
Want to learn how to trade like this with me every day? Our advanced members have lifetime access to
our trade room, and membership includes everything you need, including charts,
data, indicators, tech support, and automated trading strategies.
action in today’s live trade room?
Want to learn how to trade like this with me every day? Our advanced members have lifetime access to
our trade room, and membership includes everything you need, including charts,
data, indicators, tech support, and automated trading strategies.
Don’t miss tomorrow @
730am EST when we post our morning prep on this blog and get the day
started again for another profitable day of live trading with our members!
730am EST when we post our morning prep on this blog and get the day
started again for another profitable day of live trading with our members!
===============================================================================
I trade my own account in our
live trade room, My trading statements are available on request
live trade room, My trading statements are available on request
===============================================================================
