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Day trading AB=CD strategy earns 100 ticks crude oil, Euro, e-Mini-Russell futures
news to get the market personality moving early, and then be ready for the
1000am EST testimony from Tim Geithner to slow things down considerably.
Live Trades Today |
Our day trading strategy for the dollar index was simple, we
found a price wedge, inside day, and bull price channel. We know that when the dollar index falls
below the PHOD we want to use that as a clue to buy crude oil, Euro futures
etc, but today we wanted to be sellers off the highs so when the dollar index
made new highs later this morning we got the big short we needed.
Dollar Index Day Trading Strategy |
Our day trading strategy for crude oil was also quite
simple, even though we used 2 distinct price structures as our clues. First we had the AB=CD Pattern which
immediately told us to sell the highs of the range, and second, we had a bear
price channel and that gave us overhead resistance to sell as well.
Crude Oil Day Trading Strategy |
Our day trading strategy for Euro futures was simple, we
used the price wedge as our biggest clue and we looked to sell the highs, avoid
the middle, and buy the lows. The same
was true for gold futures with a price wedge that we used to buy the lows.
Euro Day Trading Strategy |
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