July 18, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil is moving into its wedge highs. I am looking to sell these highs for a possible double top at 107.18. We came down to the lows of the wedge yesterday and got pulled up before testing it so we are seeing definitive bullish strength here.

Euro 60-Minute

The Euro failed off of the newly formed trend line highs with a failed double top. I am looking to sell lower to 1.3052 – 1.3046. If we can get down to that level, I will be looking for a double top reversal area to hold.

Gold 60-Minute

Gold Futures caught a nice bounce off the BMT and formed a new trend line low. I am looking to buy this up to the 1291.4 area and if we can force through that, up to 1299.7.

Russell 60-Minute

The Russell is bouncing off of a fairly large wedge low. I am looking to buy all the way back up to 1045.3 for a possible blow off at the highs. The slop of the wedge low below us might be able to support this move all the way up and I will be looking to buy it as it moves.

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    schooloftrade

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