Tuesday, March 4, 2014

Major Futures Markets Day Trading Strategies

Crude 60-Minute
Crude Oil has pushed into the channel highs after a nice run up that has now fallen right back off again back down to about half way to the BMT. I am looking to continue selling this market lower back to test the BMT down at 102.68 and the wedge low below that. We are in the middle for the most part so both sides of trading are applicable but the shorts have the most merit.

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Euro 60-Minute
The Euro has pushed down to the wedge lows and the BMT sitting at 1.3730 where it has bounced back higher. I am looking to hop in on the upside buying this market back up to 1.3774 first but overall targeting the wedge highs back up at 1.3815's or so as well as possibly higher to the previous highs above the wedge sitting at 1.3826.

Gold 60-Minute
Gold has fallen VERY hard from the channel highs that we were shorting yesterday and tested into the BMT sitting at 1331.3 where I am looking to see price bounce higher off of. We haven't quite hit the wedge lows so a bit more selling is expected before going long but I will be looking long from here back up to the channel highs around 1350's or so where we can then look back short again.

Russell 60-Minute
The Russell caught a MASSIVE push higher from the BMT that we were buying yesterday. Once we finally tagged the channel lows we are starting to see a bit of selling come back in. I am looking to sell this market right back down again to supply and the BMT starting at 1170's. If we do begin to break higher, I will also consider long trades back to the previous highs at 1193.7 with this buying pressure.

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