Day trading strategy for our favorite futures markets

Euro currency
futures are trading at the highs of the short term price wedge.  We want to sell these highs and if price
keeps going higher we will buy pullbacks above 1.3220.  The euro market personality has been very
sloppy so we assume that there will be fake-out breakouts for us to sell the
highs and buy the lows.  Look for the
buyers to fail above the PHOD and then sell back below the PHOD with strong
sellers.

Crude Oil futures
trading in a strong bear price channel and a bear price wedge.  We can see price is trading at the highs of
the short term bear price wedge so we’re looking to sell these highs.  Whenever we find the PHOD and the PLOD around
the highs or the lows of the price wedge, we know to look for the fake-out
breakout at the highs or lows.  So as
price moves higher on Crude Oil we look for the buyers to fail and sell the
highs.  Ideally, we want to sell the price
wedge highs and then sell more below the PHOD when the buyers officially have
failed.

E-Mini-Russell trading
in the middle of the short term trading range, and we need to avoid trading in
the middle.  We are trading inside the
range from Monday, above the PLOD and below the PHOD.    If price rises I’m selling the price wedge highs
just above the PHOD and the big round number of 800.00  I can see the PHOD is just below the price
wedge highs, so ideally if price moves higher we will buy a pullbacks short
term above the PHOD and then take profit at the price wedge highs where we will
then look to sell the highs.  We will
also sell below the PHOD if the buyers are able to move above the PHOD and then
price fails.  If price falls we will buy
the lows of the price wedge and lows of the range, but the hardest part of the E-Mini-Russell
this morning will be staying patient and avoiding the middle.

 Gold futures trading at the highs of the major
bear price wedge and the short term bear price channel so we’re looking for the
buyers to fail so we can sell these highs. 
Look for a wave pattern long on the 21-range chart to fail and sell the
failure.  You can see on the faster
21-range chart we have a very narrow, short term bull price channel that we
will use for a profit target at the lows. 
Our plan for gold futures is to keep using the dollar index heat map
along with the short term bull price channel and buying pullbacks with new higher-highs.  Eventually the buyers will fail and the
sellers will reverse the gold futures price lower, and when that occurs we look
for the wave failure and sell the highs of the major range.