June 30, 2010

futures markets are moving tonight, lets review these swing trade opportunities

hi guys, we have some very active futures markets right now

lets review some of these trades settinig up as we speak…

let’s start with the Euro futures contracts…

im looking for entry long above 8225, but we dont have a lot of room above us, so im looking to take 1/2 my position off at 39, 1/4 off at 52, and close my position at 68, which will get us back to the lows from yesturday.

lets move to the aussie dollar contract..
the aussie just triggered our entry long at 8438, looking for profit at 8465, 8495, and 8515 for our final target.

this will take us back to the lows from yesturday, another easy reversal to get us back where we were yesturday.

lets move to the Crude oil futures….

im looking to get above 76.05 for my entry long and i will take 1/2 my position off at 76.20, and a final 1/2 off at 76.75 for an easy jump back up to our opening of the week.

im also watching the e-mini es futures contract….

the e-mini es futures has a 2-step reversal pattern setting up for a long entry above 1044.0, with a quick first target of 47.50.

if you get your first target, take half off, and then get stopped out at your entry point, look for a wave long using a swing high as your entry to get back in.

I will look to take my final 1/2 off at 60.75 to lock up some nice profit on the e-mini es.

As always, ill review these trades in our training tomorrow.  Members, dont forget we have a special webinar tomorrow talking about our 21-Range patterns, so be sure to attend @ 1130am est.

follow those rules, and see you tomorrow for another exciting day of trading!

    schooloftrade

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