Day trading strategy uses double-bottom and price wedge euro and crude oil

This morning we used another simple day trading strategy to
earn 100 ticks of profit and take advantage of some slow and sloppy futures
markets.  The most important things today
were the dollar index correlation and the double-bottom we found on crude oil.

Our day trading strategy on the dollar index gave us some
big clues that made it easy to understand the current market sentiment as well
as the potential locations for the best trading opportunities.  The dollar index gave us a nice double-bottom
which told us exactly where resistance would be on the 13-range chart posted
below, and you can see the bull price channel which gave us support.  Remember, we look for the best trades to
occur when the dollar index is trading at these ‘turning points’ and today was
another great example of that.  We know
the correlation with the dollar index works well, and we used the simple day
trading strategy with the dollar index to make educated trading decisions
today.

Our day trading strategy for crude oil was a classic example
of multiple timeframes and a simple day trading strategy coming together for
some easy profits.  Everyone in our trade
room had the opportunity to trade along with me today using our Fast Track
method, so it was an exciting way to profit. 
First, we know we’re inside trading day below the PHOD and above the
PLOD then we found a price channel and double-bottom which gave us easy levels
of resistance to trade with as price tried to re-test the HOD.  As price rises we were looking to sell, and
that’s exactly what we did.  We didn’t
make the easy 200 ticks we’re accustomed-to, but 100 ticks is worth the effort
today all the same on such a sloppy day in the markets.

Did you miss the trades call live in our trade room
today?  Don’t miss tomorrow’s trading
live in real-time with our members as we plan our trades and then trade our
plan.  Our live trade room continues to
be the PREMIER online education so don’t miss out on the action tomorrow at
730am EST.

Looking for automated trading strategies?  Did you know that we provide the same trading
strategies we use in our trade room also in the form or automated-trading?  Ask us for more info via email or skype!

Tomorrow we are back to the action, we have crude oil
inventories and jobless claims, finally some NEWS we can get excited for and
start getting volume and volatility back in these sleepy markets this
week.  SEE YOU IN THE TRADE ROOM.