day trading strategy for dollar index, crude oil, gold, euro and russell futures

The Dollar Index is showing signs of concern this morning, starting with the 89range chart.  You can see the doji candlesticks telling us a story, and we need to be patient waiting for the DX to be at major turning points in the market.

Our 13range chart shows sideways slop and chop, around the OPEN which is another red flag.  price wedge on the dollar is a big clue, and we need to wait patiently for the DX to test the turning points in the market for the best trading opportunities.

Dollar Average True Range looks optimistic, wider ranges NOW than we saw earlier this week.  The most important thing about using ATR is that its getting HIGHER, rather than lower.

Crude Oil Futures trading in the middle of the range from wednesday, so beware trading in the middle without good entry rule confirmation.  Buy the lows, sell the highs of the channel, and be aware of the AB=CD.

Crude Oil 34-range chart shows us the specifics we need to execute our day trading strategy today.  Keep it simple, buy the lows, sell the highs, beware the middle and the 100.00 big round number.

Crude Oil 13range chart does not show any trend, so we draw trend lines to define a wedge pattern and a sloppy bull price channel. 

Russell 34 range chart shows a price wedge, and our specific entry locations.  now we just need to wait for patterns to enter using our day trading plan.

Gold sets up for a high percentage buying opportunity using this advanced price strucutre called a price wedge.  We need to wait to get above the PLOD resistance to buy, and remember to use 21 or 13 range charts for the precise entry location once price gets above the PLOD or 1754.6

Euro Currency Futures trading strategy uses the long term bear price channel as reason to buy the lows, and the short term timeframe 34range chart shows you the price wedge to make the exact entry location easy.