May 27, 2010
- in Uncategorized by schooloftrade
Euro & Aussie Futures Setting for a DX-Pattern Day Trade
We have some great set-ups right now on the Euro & Assie Dollar Futures Contracts, but lets recal last night’s trade call…
If you follwed us on last night’s trade you earned over 80 ticks on a small futures account!
Enter the Euro short at 7:13 anywhere below 2230 and you took an easy trade for +10, +20, and an EASY final target of 2200 because its the big round number.
Congrats to our members who made money with us today!
Now lets take a look at this Euro & Aussie Futures day trades setting up as we speak…
The Dollar is at tis extremes, and we have wide open spaces to let it run…
I can see the support level of 87.165 getting broken as I post this, giving us a great opportunity to buy the Euro…
Long the Euro above 2223 with another entry opportunity above 2245, and a clear path to our profit target of 2300.
Ive chcked my medium timeframes, our rules look good, lets see how this trade works out for us!
Lets see how the Aussie Dollar Futures Contracts are looking as well…
Ill look for the Aussie above the 8272 with another clear target to 8300.
I would read the tape around 8300 and look for large sellers and slow speed in order to flatten.
If you see good speed of the tape at 8300 look to keep a portion of the position open on this day trade.
Members, we’ll review this in training, and follow those rules!
See you tomorrow in the trade room, webinar is @ 1130am EST
