July 17, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is pushing off of its wedge low. I would preferably like to see it physically test it, but if we can continue higher I will be looking to buy on the way up but lightly.

Euro 60-Minute

The Euro is trapped directly on top of the major wedge high. This is looking like it might just be accumulation but we need to be careful here. I would like to take a short here, but if we can continue higher I will be interested in taking a long on a retest of the major wedge high.

Gold 60-Minute

Gold is catching a VERY nice bounce off the wedge lows and continuing to move higher. I am looking to buy this up to around 1292.7 or the wedge high before I start to look in the opposite direction.

Russell 60-Minute

The Russell is bouncing off of the channel lows right now after getting a near double bottom. I am looking to buy back for another test of the major channel high above us.

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

    schooloftrade

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