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afternoon day trading strategies for russell, crude oil, gold and euro futures
Russell Futures traded down to the lows of the wedge and now sitting in the middle of the range. sell the resistance overhead and then buy into the trigger above you. If price falls we wait to buy the lows, and the support below the lows.
Crude Oil futures trading in a bull channel, so buying at support as price falls in our highest percentage trade. Double tops gives us reason to believe the sellers will eventually get this to tumble down to 94.00 area, the lows of the channel.
Euro Futures are sitting quietly with the dollar index slopping around at this time of the day, and if price falls we buy the lows, if price keeps going lower we sell below 34.84 with a retracememt. if price rises im buying above the 89range trigger line when i get above the ‘line in sand’ around 3665 and then trying to take profit at the highs of the minor wedge. Then buying Pullbacks above the 3879.
Gold Futures are trading in tough spot right now. dollar is sloppy, and we have the lows of the bull channel colliding with the highs of the bear channel. I want to buy the lows and sell the highs, so beware trading long at the channel lows if it runs right into the bear channel highs. If price falls, keep selling retracements and look to sell at the highs of the bear channel. If price rises up, buy 1760.0 are, taking profit at 76.5 area and then looking to buy pullbacks above the resistance at 76.9.
its been a great day of trading in our live trade room. everything from our automated trading strategies to our scalping and swing trading strategies made money today.
We are closed for trade room on Friday, but our sales and support teams will be working hard making sure everyone is ready for another great week next monday! See you then!