December 6, 2011
- in Uncategorized by schooloftrade
Dollar index and Gold futures day trading strategy
Our day trading strategy this morning was simple. We saw a price wedge on the dollar index which told us to be very careful this morning. The next clue we saw was from gold futures, with a price channel, outside day, and breaking the lows of our major trigger zone support.
Our day trading strategy uses a negative correlation with the dollar index and when the dollar index was rising off the lows of the price wedge we were selling retracements on gold futures as it broke the lows from Monday.
