July 23, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil rejected out of the LC Zone and failed back down. I am looking to sell if we can get back to the TZ to go back short. Currently we are at the low of a wedge right now so in the short term I am looking to buy but given a strong enough sell signal I will hop in short.

Euro 60-Minute

The Euro is bouncing off of a minor channel low back to the wedge highs above. I am looking to buy this market back up to 1.3222 for a possible blow-off and a sell opportunity back down again.

Gold 60-Minute

Gold is hung up at the trend line highs. I am looking to sell this back down to the 1300’s but if we push back up, I will be looking to buy as we are bouncing out of a buy zone and there was a significant amount of buy strength at the close yesterday.

Russell 60-Minute

The Russell is currently failing off of the newly formed wedge highs at the mid point of the channel. I am looking to go short to the channel lows where I will start looking to buy this back up to the highs at 1057.

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    schooloftrade

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