euro currency futures day trading strategy

The Euro futures trading in a short term bull price channel, inside the
range from last Friday (inside trading day) and a short term price wedge we are
in the middle of the range.  If price
rises higher we sell the price wedge highs and the resistance overhead 1.3325
and 1.3375.  if price drops lower we buy
the price wedge lows and the PLOD at 1.3157 as support and then sell retracements
below PLOD taking price down to the price channel lows and the trigger-zone support
around and below 1.3100.

Euro Day Trading Strategy

The Euro futures day trading strategy uses a faster timeframe to shows us
more details and price structures to use in our trading opportunities this
morning.  The 55 range chart on the Euro
futures shows us the same bull price channel but we see a new price structure
clue in the double bottom which gives us easy level of resistance to sell as
price rises higher this morning.

The Euro futures 34 range chart gives us even more specifics for this day
trading strategy.  We can see a new double-top
on this faster timeframe and the price wedge is easy to see we are in the
middle.  We want to sell the highs and
buy the lows of the price wedge, being very careful not to over-trade the
middle of the price wedge.

The hardest aspect of Euro futures this morning
is waiting for the market personality to kick into higher gear and give us
something to trade without having to trade the middle.