Our FOMC Day trading strategy began this
morning with some simple prep. First, we
have to know that FED-Day is classified by volume early in the morning which
will quickly taper-off and leave us with sloppy markets after 1130am EST so
keep an eye on the clock.
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| Trades Called Live in our trade room |
Our day trading
strategy began with the dollar index as we looked for major turning points
and the short term trend at 730am EST, and the clues we got from the dollar
index was rising price @ 845am est (took us down to the crude oil futures lows)
and then price dropped later in the morning after 1030am est (gave us the
confidence to buy the lows of crude oil futures at 1045am). Remember the most important thing when using
the dollar index trading strategy is understanding we aren’t trying to trade it
tick for tick, but focused on the broad moves and when they will likely come to
an end.
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| Dollar Index Trading Strategy |
Our day trading
strategy this morning using crude oil futures was also very simple. We saw a price wedge structure that told us
to buy the lows and sell the highs, so all we had to do was wait for price to
move to the lows, or then to the highs.
News came out at 1030am EST for crude oil inventories and we
knew it would be a bullish reaction, but we had to wait patiently for an entry
trigger. We didn’t have to wait very
long because we got the entry patterns on all three of our favorite timeframes: 2 step long on the 21range, 8 range and 13
range wave patterns long, all of them were winning trades and all of them used
this simple day trading strategy that we outlined live in our trade room at
730am EST.
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| Crude Oil Day Trading Strategy |
The most important
aspect of our day trading strategy this morning was being prepared to take
ONLY the trades where we expected to see the best opportunities, and in today’s
example this was when the dollar index was breaking through a ‘turning point’
and when crude oil futures were at the highs or lows of the price wedge.
Did you miss the
action today? We offer a 2 week trial for guests to come
in and see what we’re all about, and remember as a lifetime advanced member I'm
going to give you everything you need to replicate these results and trade
along with me every day for exceptional profits. We also have an automated trading system that can
do ALL the work for you! Don’t miss this
opportunity!
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