Major Futures Markets Day Trading Strategy

Crude Oil 60-Minute

Crude Oil did FINALLY end up moving to its lows again creating a new test of a wedge low. This happened over Sunday night so we were unable to profit from this move, but this also created a new minor wedge high. I am sitting on hands.

Euro Futures 60-Minute

The Euro Futures came back up and re-tested the wedge highs and began falling off. I am looking to sell long term back down to the wedge lows, but in the short term I was looking to buy the buy zone below.

Gold Futures 60-Minute

Gold Futures is currently hanging out in the middle of the wedge. I will ALWAYS sit on hands until price comes to the highs or the lows. I am waiting for Gold Futures to go to the lows of the wedge down to 1384 before looking to buy it back up to 

the highs.

Russell 60-Minute

The Russell Futures were hung up in the middle of a longer term wedge. It has been hovering around the lows, but still too far off the lows for me to be looking to buy yet. I am sitting on hands.

As you can see the major futures markets we trade have been just a sloppy choppy mess today. I saw a few opportunities to trade today, but they weren’t even in the same book as high probability. They were all very bad patterns, setups, and just plain ugly. We will see what tomorrow brings us!

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