Major Futures Markets Day Trading Strategy

Crude 60-Minute

Crude Oil did end up coming down and testing the channel lows like I was hoping but it did it in the overnight session. I am looking to buy this market as it rises but would really like to see a confirming test of the major channel highs below us.

Euro 60-Minute

The Euro is sort of hovering in the middle right now and hasn’t made much of a move since the last burst upwards. As we fall off the highs I will be looking to sell on the way down to the confirming touch of the wedge highs below. That is when I will start to be more interested in the buy side.

Gold 60-Minute

Gold futures looked as though we were falling out of bed this morning. I normally would have been looking to sell with this fall off, but looking at the Scanner chart, it gave me a different picture.

Russell 60-Minute

The Russell is now stuck between the channel highs and the new trend line low. I am looking to buy at the trend line low and bring it back to the channel highs above. If we can manage to get a bit higher, I am really looking to sell the major channel far above.

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