April 18, 2012
- in Uncategorized by schooloftrade
Wacky Wednesday day trading strategy earns 120 ticks
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This morning we traded ‘Wacky’ Wednesday of Options Expiration Week for over 120 ticks of profit in yet another day of successful trading in our live trade room. We began the day with 3 clues from the news, dollar index, and some of our favorite futures markets.
First, the only news we had today was Crude Oil inventories, so we know right away to expect Crude Oil to be a little sloppy before 1030am EST ahead of the news release. We also noticed that today was contract rollover on Crude Oil so that meant even more concerns about the volume early this morning. We knew right away today would be a challenge and we had to be trading conservatively. This strategy was crucial today so we didn’t over-trade without knowing the reality of what was happening with Crude Oil today.
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Prepare for
tomorrow’s Live Trade Room with these Charts:
tomorrow’s Live Trade Room with these Charts:
Crude Oil Futures
Gold futures
E-Mini-Russell
Futures
Futures
Euro Currency
Futures
Futures
