Options Expiration (OPEX) Day Trading Strategies

The first thing on our mind when trading OPEX is that today is a friday, so we need to keep an eye on the times this morning with best market personality.  There will be times of great opportunity so we need to stay focused on waiting for those instead of forcing trades that arent there.  We need to have a trading plan to follow so remember that.

Our day trading strategy always begins with the dollar index, and we use the 13-Range chart to find the major turning points and the short term trend of the dollar first to give us clues for the rest of our markets trading opportunities.

Dollar Index Trading Strategy

Our day trading strategy on crude oil futures starts with the 89-range chart so we can see the most important support and resistance as well as the broad price structure.

We see right away that our trading strategy will use the price wedge, the range from thursday for an inside day or outside day, and the big round number of 100.00 which is always a price magnet.

When we dig a little deeper we also see the Double-Top and our trading strategy for the DT uses major support below us as buying opportunities.  We can see double top support levels where we want to buy at 99.75, 99.00 and 98.15 being the major support.

Day Trading Strategy Crude Oil Futures

We use a slightly faster timeframe to be more specific in our trading strategy for crude oil and we now use the same price wedge, inside day/outside day and double top support to plan our highest percentage trades.

As price falls im looking to buy the lows, and if we break the lows I am first (considering there is a wedge) going to look for the fake-out breakout, then I sell sell retracements on the way down.  The same is true if price rises, I will sell the highs, and if price moves through resistance I will look for the F.O.B. first and then buy pullbacks.

Crude Oil Specific Trading Levels

Euro currency futures day trading strategy uses the 89range chart to see the major levels of support and resistance as well as the most important price structures.  We can see the bear price channel and the new bullish trend line on the 89range chart.  we can see the major overhead resistance and the trend line above creating the new price wedge.

The biggest concern for our euro trading strategy is the patience to wait to sell the highs around 1.3000 and PHOD, avoid the middle, and buy the lows around the 2850-2840 area and PLOD.

Euro trading strategy