February 10, 2012
- in Uncategorized by schooloftrade
Friday Day Trading Strategy using Euro, crude and mini-Russell futures
We’ve had an
incredible week! +65, +145, +150,
+200 ticks each day this week in our live trade room all according to our
simple day trading strategy.
incredible week! +65, +145, +150,
+200 ticks each day this week in our live trade room all according to our
simple day trading strategy.
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| Day Trading Strategy Results |
Our day trading strategy this morning was tailored for a Friday. We know that Friday’s are always going to
have trading opportunities, but they come in small ‘windows’ and we need to
know how to look for those. Fridays are
always going to start early and end early so we needed to be prepared and then
watch the clock before things slowed down ahead of speeches from Bernanke and
Obama after 12pm EST today.
have trading opportunities, but they come in small ‘windows’ and we need to
know how to look for those. Fridays are
always going to start early and end early so we needed to be prepared and then
watch the clock before things slowed down ahead of speeches from Bernanke and
Obama after 12pm EST today.
We earned over 60
ticks of profit this morning in a very sloppy and sluggish market environment,
using a very simple day trading strategy that used the dollar index, crude oil,
and Euro futures. We found price wedges
on all of these markets, and the dollar index had jumped off the recent lows
and was trending higher.
ticks of profit this morning in a very sloppy and sluggish market environment,
using a very simple day trading strategy that used the dollar index, crude oil,
and Euro futures. We found price wedges
on all of these markets, and the dollar index had jumped off the recent lows
and was trending higher.
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| Dollar Index Day Trading Strategy |
With the dollar index
moving higher this morning, and price moving lower off the highs on crude and
Euro futures we had a solid plan of attack.
If the dollar index makes new higher highs we then sell new lower-lows
with retracements. The issue we had this
morning shortly after 830am news came out was that the dollar index literally
STOPPED moving all together, and that caused the other markets we trade to do
the same.
moving higher this morning, and price moving lower off the highs on crude and
Euro futures we had a solid plan of attack.
If the dollar index makes new higher highs we then sell new lower-lows
with retracements. The issue we had this
morning shortly after 830am news came out was that the dollar index literally
STOPPED moving all together, and that caused the other markets we trade to do
the same.
 |
| Euro Day Trading Strategy |
Our day trading
strategy for the Euro futures was simple.
With the dollar index moving higher we wanted to sell new lower-lows
with retracements and we wanted to sell the highs of the price wedge. We didn’t have much time to get into the
short side of things this morning after 830am news when the Euro simply stalled
and sat at the price wedge highs, and we sat there waiting for it to drop.
strategy for the Euro futures was simple.
With the dollar index moving higher we wanted to sell new lower-lows
with retracements and we wanted to sell the highs of the price wedge. We didn’t have much time to get into the
short side of things this morning after 830am news when the Euro simply stalled
and sat at the price wedge highs, and we sat there waiting for it to drop.
 |
| Crude Oil Day Trading Strategy |
Our day trading
strategy on the crude oil futures was also quite simple, and it too never
really materialized today. We had such
an incredible week its hard to be upset that we didn’t make more off crude oil
this morning, but that’s the way it goes sometimes. Crude oil was falling below the previous low
of day (just like the Euro) and we wanted to sell new lower-lows with
retracements. The issue we had with
crude oil was that by the time we got out of 830am news the price wedge had
already tumbled down to the MIDDLE of the price wedge and we consider that to
be higher risk right away so we had to really be careful not to get into any
trouble forcing trades. With a sloppy Friday,
in the middle of the price wedge it’s no wonder price action was so sloppy.
strategy on the crude oil futures was also quite simple, and it too never
really materialized today. We had such
an incredible week its hard to be upset that we didn’t make more off crude oil
this morning, but that’s the way it goes sometimes. Crude oil was falling below the previous low
of day (just like the Euro) and we wanted to sell new lower-lows with
retracements. The issue we had with
crude oil was that by the time we got out of 830am news the price wedge had
already tumbled down to the MIDDLE of the price wedge and we consider that to
be higher risk right away so we had to really be careful not to get into any
trouble forcing trades. With a sloppy Friday,
in the middle of the price wedge it’s no wonder price action was so sloppy.
Did you miss the
action today? Come see us again on
Monday as we re-open the trade room and do this all again! We post our morning prep on the blog at 730am
EST and then we put together our trading plan so we can follow the plan with
discipline TOGETHER as our members trade along with me.
action today? Come see us again on
Monday as we re-open the trade room and do this all again! We post our morning prep on the blog at 730am
EST and then we put together our trading plan so we can follow the plan with
discipline TOGETHER as our members trade along with me.
Don’t forget to check out the automated-trading
strategies that come with Advanced Membership, let the computer do the
trading for you!
strategies that come with Advanced Membership, let the computer do the
trading for you!
