October 16, 2013

Major Futures Markets Day Trading Straetgies

Crude 60-Minute

Crude Oil is sitting at the wedge low which is also overlapping with an LC Zone. I am looking to buy Crude back up to the wedge highs which will be around 101.50’s. If we begin to fail below this minor wedge low, I will also look to sell further down to the major wedge low below us around 100.50’s which will also come with a swing low test up at 100.59.

Euro 60-Minute

The Euro has firmly closed above the BMT and has continue moving higher. I am looking to buy this market up higher to the initial swing high at 1.3574 as well as the wedge highs above that. The wedge high also has a LC Sell Zone overlapping it. Once we reach that area, I will be looking to sell back down to test the BMT at 1.3544 as well as moving lower to the wedge lows below us.

Gold 60-Minute

Gold is trading at its wedge high and is beginning to fail lower. We didn’t quite test the BMT up at 1292.1 so I will expect that to act as a magnet at some point, but for now I am looking to sell this market down to 1273.7 first and to the LC Buy Zone down around the 1255’s. We may also see Gold push a bit harder to the swing low at 1250.9 for a double-bottom bounce.

Russell 60-Minute

The Russell is currently at the wedge low as well as sitting smack dab in the middle of the cloud. I am looking to buy this market higher to the wedge highs. We are currently at the average time completion of the wedge so we will be looking to take profit a bit higher above the wedge possibly around 1087.9 before we see the market FOBO back into the range.

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    schooloftrade

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