April 4, 2012
- in Uncategorized by schooloftrade
Day Trading Strategy using Dollar Index Correlation & Economic News
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This morning our daytrading strategy used three clues from economic news, the dollar index correlation,
and the futures markets we
enjoy trading most such as Crude Oil, Euro, E-Mini-Russell, and Gold
futures. We got into a bit of
trouble earlier in the morning on some impulse trades against our plan, but
were very successful later in the morning as we buckled-down and followed our
plan to earn a total of 95 ticks of profit, with the Fast Track Method earning
135 ticks for another great day of trading with our members.
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| Dollar Index Strategy |
The first clue we got
was from the news, which was posted in our morning prep @ 730am EST this
morning. The news told us to expect some
delay in getting price moving this morning, with ADP Employment at 815am EST which
would not be used until Friday’s Non Farm Payroll Data is released, and 1030am EST
Crude Oil inventories, told us that price action would be the best between
930am and 1130am EST today. Our plan was
to get in early, but stay patient to wait for the best trading opportunities
later in the day.
Click here to read the COMPLETE the Review for today
