day trading strategy for dollar index, crude oil, gold, euro and mini russell futures

The Dollar Index is looking a lot like a fake-out breakout market this morning with the big wicks and the price wedge above the ‘trigger zone’.  Look for the Dollar index to be at the major turning points on this chart for the best trading opportunities.

Now move faster to the Dollar Index 13range chart and we see the specific areas where we want the dollar to be in order for us to take trades this morning.

Crude Oil Futures are trading in a major bull channel, and using the swing lows and swing highs we define our trigger zone.  We are above the zone, and above Monday’s range, so we’re looking for 1 of 2 scenarios.  If price goes higher we are buying pullbacks up to the 100.30 for the ‘wave long’ using this trigger zone as support.  if the buyers fail, we will sell below the PHOD 97.53 and take it down to the PLOD at 95.24

Crude Oil 89range chart shows a much different ‘look’ with the same basic trading strategy.  We can see the short term trigger zone at 98.00 was tested and successful, so this makes perfect sense for price to tumble below the PHOD.  We began inside the range, now we are failing outside the range.

Crude Oil 34Range chart shows us exactly where to be trading this morning.  our day trading strategy for crude oil is very simple.  Follow the colors for the best trading opportunities today.  Looking to sell below the PHOD and take it down to the PLOD.

Russell Futures trading at the lows of the bear price channel inside the range from Monday and inside the Buy Zone from the Channel A to B.  We want to sell below the Buy Zone and Buy above the zone.

Russell 34range chart shows us the exact plan of attack using all the most important levels of support and resitance.  Buy the lows, sell the highs, and beware selling the lows of the bear channel.