March 27, 2012
- in Uncategorized by schooloftrade
Euro day trading strategy
The euro currency futures trading the exact opposite
direction of the dollar index this morning.
We can see the polar opposite bull price channel, bull price wedge, and
trading at the highs. If the dollar index
moves, the euro will move in the opposite direction.
direction of the dollar index this morning.
We can see the polar opposite bull price channel, bull price wedge, and
trading at the highs. If the dollar index
moves, the euro will move in the opposite direction.
We see the bull price wedge and we need to sell the highs of
the price wedge, and buy the lows. Avoid
the middle of the range to avoid the lower percentage trades this morning. With the dollar index at its lows, this makes
perfect sense to sell the highs on the euro.
the price wedge, and buy the lows. Avoid
the middle of the range to avoid the lower percentage trades this morning. With the dollar index at its lows, this makes
perfect sense to sell the highs on the euro.
If price keeps going higher, if the dollar index
moves lower, we then will buy pullbacks above the PHOD 1.3374 just be looking
for the fake-out breakout above the price wedge highs because its very likely
the buyers will try and fail the first time.
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| Euro day trading strategy |
