June 12, 2013

Major Futures Markets Day Trading Strategy

Crude 60-Minute

Crude Oil has a lot going for it right now. We just rejected the BMT AND we keep making higher highs before testing the major wedge low. That tells me there is a lot of strength in this market. I want to buy pullbacks in the longer term, but I am selling resistance above short term.

Euro 60-Minute

The Euro has been a TANK for the past month and it is starting to look a little top heavy. I am looking for buy opportunities in the long run to stay with the trend, but playing short trades when they come up.

Gold 60-Minute

The Gold Futures are following suit from the Euro and are in the middle of nowhere. I am sitting on hands until I see price move with some conviction.

Russell 60-Minute

The Russell as well as the other indices have been getting a smack down lately. I am looking to sell the highs of this minor wedge high targeting the BMT on the way down.

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

    schooloftrade

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