August 9, 2013

Major Future Markets Day Trading Strategies

Crude 60-Minute

Crude Oil Is nearing the wedge highs as well as pushing up to the BMT at 105.20. I am looking to continue buying this up to the wedge high with a push to the BMT. If we end up going lower I will look to sell once we start breaking below the 103.99 – 103.81 lows.

Euro 60-Minute

Euro rejected a HUGE wedge high level above and is now falling back lower. I am looking to sell this back to the wedge lows around 1.3329 – 1.3319. If we get a blow-off further down I would expect a test of the BMT at 1.3295. If we continue higher I am not going to be interested in buying until we get back above the 1.3402 highs.

Gold 60-Minute

Gold pushed HARD above the BMT at 1303.2 and has since pulled back to it. It never had a full test of it so I would expect a push down to test it before moving higher. I am looking to sell short term for this move but overall am looking long to the wedge highs.

Russell 60-Minute

The Russell is continuing lower and approaching the wedge low. I am expecting a push through this but we might see a bounce first to test the BMT at 1047.1. The overall target for this move is down at 1035.8. I am looking short overall for a test of the wedge low as well as a test of the 1041.5 – 1040.5 lows.

Come join us in the room and see how we do it!

    schooloftrade

    Click Here to Leave a Comment Below

    Leave a Reply: