November 1, 2011
- in Uncategorized by schooloftrade
Day Trading the Afternoon US Session
Crude oil futures are in the middle of the short term range, and if price rises I’m selling first, then buying pullback, if price falls I’m selling retracement down to the price channel lows. Higher risk below the price channel lows, so beware.
Mini-Russell Futures we will sell as price rises at PLOD, and then buy pullback above the PLOD being careful not to trade long without being above the price channel lows, or having enough room to get long and take profit at the price channel lows. If price falls I’m selling retracement down to 710.0 area and then taking profit and looking for buying opportunities. As price falls below 710.00 I’m looking at major support from the bull price channel so looking to buy this support 706.2, 703.7, 698.5
Euro currency futures are right in the middle of the trigger ‘reversal-zone’, if price rises above 3700 we buy pullback up to the PLOD, and then buying pullback above the PLOD as the buyers will take control. If price falls I’m buying the lows of the zone around 3573 and then selling retracement below the zone 1.3550 and taking it down to the next major support level where we take our profit and look to buy the lows/support.
