February 13, 2012
- in Uncategorized by schooloftrade
Day trading strategy for fading breakouts using a price wedge trading crude oil, Euro and Mini-Russell futures
This morning’s day trading strategy was quite simple, and we
used three main clues for our trading this morning to earn just below 100 ticks
of profit trading crude oil, Euro and Mini-Mini-Russell futures.
 |
| Live Trades Taken Today |
First, today was a
Monday without any major news, so we knew that would be a challenge to stay
patient and wait for the volume in the markets to come in for the week
ahead. Remember that when there’s no
news on Monday a lot of traders will ‘sleep in’ and come to their desks later
in the morning, which draws down on volume making the price action more
challenging to trade early on a Monday morning.
Monday without any major news, so we knew that would be a challenge to stay
patient and wait for the volume in the markets to come in for the week
ahead. Remember that when there’s no
news on Monday a lot of traders will ‘sleep in’ and come to their desks later
in the morning, which draws down on volume making the price action more
challenging to trade early on a Monday morning.
The second clue we
got was from the dollar index, which was trading in the middle of the range
from Friday, inside the range from Friday, and trading in a price wedge
pattern. When the dollar index trading
inside the range from the previous day we know this is a BIG RED FLAG, and when
we saw this occur this morning on a Monday without major news scheduled we take
this as an even bigger sign of things to come.
got was from the dollar index, which was trading in the middle of the range
from Friday, inside the range from Friday, and trading in a price wedge
pattern. When the dollar index trading
inside the range from the previous day we know this is a BIG RED FLAG, and when
we saw this occur this morning on a Monday without major news scheduled we take
this as an even bigger sign of things to come.
 |
| Dollar Index Day Trading Strategy |
The third clue we got
was on multiple markets such as Euro futures, crude oil and Mini-Russell and
the price wedge we saw this morning on ALL three of these markets, combined
with the dollar index and the lack of news this morning on a Monday told us to
‘fade the breakouts’ which means to sell as price moves higher, and to buy as
price moves lower.
was on multiple markets such as Euro futures, crude oil and Mini-Russell and
the price wedge we saw this morning on ALL three of these markets, combined
with the dollar index and the lack of news this morning on a Monday told us to
‘fade the breakouts’ which means to sell as price moves higher, and to buy as
price moves lower.
 |
| Crude Oil Day Trading Strategy |
Our day trading
strategy for the crude oil futures market was easy, and we earned 100 ticks of
profit by using this simple trading strategy. We wanted to take these three clues we got
and ‘fade the highs’ of the wedges we found on crude oil. As price rises we were looking to sell, and
if price fell off the highs of the price channel and price wedge we wanted to
keep selling retracements with new lower-lows.
Just after 900am EST this morning we got our first chance to ‘fade the
breakouts’ on crude oil and we earned just below 100 ticks of profit executing
this day trading strategy with confidence.
That’s almost $1,000 using a very simple day trading strategy!
strategy for the crude oil futures market was easy, and we earned 100 ticks of
profit by using this simple trading strategy. We wanted to take these three clues we got
and ‘fade the highs’ of the wedges we found on crude oil. As price rises we were looking to sell, and
if price fell off the highs of the price channel and price wedge we wanted to
keep selling retracements with new lower-lows.
Just after 900am EST this morning we got our first chance to ‘fade the
breakouts’ on crude oil and we earned just below 100 ticks of profit executing
this day trading strategy with confidence.
That’s almost $1,000 using a very simple day trading strategy!
Did you miss the
trading opportunities today? Come
join us tomorrow as we do it all over again, re-opening our live trade room @
730am EST and beginning with our morning prep and another day trading strategy
for tomorrow.
trading opportunities today? Come
join us tomorrow as we do it all over again, re-opening our live trade room @
730am EST and beginning with our morning prep and another day trading strategy
for tomorrow.
Have
you seen our automated trading strategy yet? Clickhere to review the performance of our automated trading systems. They do ALL the trading for you and come
included with membership.
