August 2, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil made a MONSTER rally to the top side hitting the highest reversal zone there is. The old motto goes, what goes up must come down. I am looking to sell this market back down to where it started overall down back to 102.93. Looking short term, I am looking for 105.60.

Euro 60-Minute

The Euro is currently floating at its reversal zone after a VERY bullish move up this morning. I am looking to sell short term, but with this break back above the BMT with that kind of aggressiveness, I will also be considering the long side as well.

Gold 60-Minute

Gold had a very nice push up to meet up with the BMT at 1316.8 as well as retesting the bottom side of the wedge and failing back lower. I will be looking short back down to 1287 – 1284.9. With the bullish nature of this move, I will also be considering longs, but only for scalps as it looks like the overall mentality of Gold is bearish.

Russell 60-Minute

The Russell pushed above both wedge highs and has since pulled back. I am looking for a bit more of a push down into the second wedge high as we have surpassed the first. Once we get there, I will be looking for a long setup back up to the 1056.7 area up to 1059.6.

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

    schooloftrade

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