Dollar Index told me to buy Gold and Euro Futures for 166 ticks

– Gold futures are trading on higher volume than on Monday, and we see the market continuing to show support at the bottom of the channel pattern, heading back to its all time highs of 1264.7

– Crude Oil futures are trading off the highs of the wedge pattern this morning, giving us an easy trading opportunity to the short side < 76.50

– Euro futures are still trading sideways from 1.2900 down to 1.2600, and we see a wedge pattern forming inside of this range, which tells us the price action is getting narrower by the day, which is a sign of concern for us swing and day traders.

o Trading inside a sideways trading range is somewhat easier because we know exactly where to look

 Sell the highs of 2900
 Buy the lows of 2600
 I will also zoom in with a faster timeframe and try to find a closer trading range to use right now.

– Russell futures have broken back to the upside and trading sideways at the top of the wedge pattern.

o Looking to sell short below 645.2 for the highest percentage opportunity today.

915am EST

– Dollar index touching the lows of the day, which means we should see some more action!

o Dollar flat = flat markets
o Dollar moving = moving markets
o Dollar is dropping, so we need to keep to the LONG side of these markets

930am EST

– Gold trading in a tight sideways markets just above the highs of the day, so lets wait to see what happens next.

– Im looking short, but the dollar dropping means to also be open for the long
– Speed is good, just need a pattern right now
– Buying the lows will be our next option for entry

o If we don’t bounce off the lows, look for the break below for this short entry

– 1030am EST

– The euro is finally setting up for this breakout trade
– Wait for momentum to confirm this entry