day trading strategy using the dollar index futures

We begin our day with the dollar index, which is used to locate the short term trend (if any) and the major turning points in the market.  The dollar index has a negative correlation so we look for a trend to follow or a possible trend reversal location using the 13-range chart because we’re looking for intra-day opportunities.

The dollar index has jumped up off the lows from thursday and trading in a short term bullish trend.  We can see the possible turning points (reversal points) above us and below us and we want to look for trades when the dollar is trading at these reversal points.

Dollar Index Day Trading Strategy