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Are you trading the Euro Futures with us? We called this trade LIVE in the room on Friday
Hi Guys,
If you were with us on Friday we called 3 winning trades on our 21-Range method right HERE on the blog!
If you missed those trade calls, here they are…
https://www.sidewaysmarkets.com//2010/07/09/did-you-take-this-day-trade-on-crude/
Looking Forward To This Afternoon:
Euro Futures
We took 1/2 our position off @ 2560 for our first 70 ticks of profit. We take 2 contracts @ +35 ticks for this first profit target, and then moved my stop to entry.
So we have our stop @ point of entry, and our next profit target will be 2530 to take another 1/4 off the trade, and our final target of 2490 is just above the next major level of support on this futures contract.
Gold Futures
– Gold futures are finally fulfilling the mission down to 1200.5 just like we called on our blog trade from last Friday
o We can also look to buy the lows if we move all the down to 1187.0, look for the 2-step LONG at these lows.
Crude Oil Futures
– Crude Oil Futures is setting up for a 2-step long above the big round number of 75.00
o Entry will be above 75.05
o First target will be 75.15 because we need to watch the 34 range trigger line
o 2nd and 3rd targets will be 75.25 and 75.45
o We just saw the initial attempt to trigger this trade, so we need to pay attention.
o We entered the long @ 75.07, with an initial stop @ 87.
Russell Futures
– Russell futures are also setting up, this time to the downside
o Our entry short for this breaker short will be below 614.5
§ Take ½ off @ 12.5
§ Take ¼ off @ 09.2
§ And then final ¼ off @ 600.7, just above the big round number.