October 22, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has made a solid confirmed swing low for the wedge low to anchor on down at 99.25 early this morning during the GLOBEX session. We have since moved higher off of that low. I am looking to buy this market short term to the 100 BRN as well as higher to the wedge highs but overall I am looking to sell once we hit those highs right back for a retest of the wedge lows.

Euro 60-Minute
The Euro has firmly closed above the wedge highs after some VERY bullish news this morning forcing the Euro higher. Now that we have closed above the wedge high and are currently, once again, expanding the highs, I am looking to sell this down for a retest in the short term but overall still looking firmly long higher up as we continue to expand the highs.
Gold 60-Minute
Gold has firmly closed above the wedge highs on VERY bullish news this morning. Now that we have the close above the wedge and we are in a sell zone I am looking to go short in the short term down for a retest of the wedge high. Overall I am still looking long as we continue to expand the wedge highs and keep moving higher up. The next target above will be around 1339.7 and up.
Russell 60-Minute
The Russell has FINALLY gave us a confirming swing high up at 1116.2 for the wedge high to anchor on. Now that we have that, the Russell pushed down to the wedge lows. I am looking to buy this market higher to the swing at 1116.2 as well as higher to the wedge highs for a confirming retest. If we push higher, we will continue long as we continue to expand the wedge highs.

    schooloftrade

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