July 24, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil gave us a VERY nice swing setup on the 60-Minute to go short in the TZ with our first target down at 106.51. I am looking to go short along with this rejection out of the TZ Sell Zone. Once we hit 106.51 we are likely to see some resistance come into play as that is a pretty big level.

Euro 60-Minute

The Euro is currently getting trapped in the wedge. I am looking for a failure of the wedge VERY soon in either direction and because of the potential chop until that break, I will be sitting on hands.

Gold 60-Minute

Gold Futures are coming off of the newly formed channel highs right now. I am looking to sell this back down to 1325.6 and possibly further.

Russell 60-Minute

The Russell is failing out of an LC Reversal Zone right now and might be setting up a nice swing trade quite like Crude Oil. I will be looking for that going forward if we can break the lows at 1048.5. In the mean time as we fail out of this LC Reversal Zone, I am looking to take it short down to the channel lows and possibly the trend line lows below that.

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

    schooloftrade

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