October 1, 2010

100 ticks on Gold, Crude Oil and Russell Live Trade Calls

Gold Futures:

– Gold futures trading sideways at the highs, im going to avoid buying the highs and will look for the short.

– We can see a reversal pattern on the gold futures selling short below 15.3 with profit targets of 14.0, 12.3, soft 10.0 and then hard final target of 6.5, the low of the channel.



Reversal Day Trading Futures

  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Crude oil Futures:
 
– Crude oil futures are trading sideways at the highs as well, so we’re looking for a chance to enter short

– I see the Previous High of day 80.43 and this makes a perfect short entry

o Remember above the P HOD we are bullish (long), and below the P HOD we are bearish (shorts)

– Entry short below 80.43 ill be using a 2-step reversal pattern with profit target 30, 17, and then down to the bottom of the trading range of 79.75 for the final target.
 



Reversal Pattern, Crude Oil Trading



Euro Futures:

– The euro is trading in a sideways range at the highs and very slow and sluggish, so we are most likely going to see this trading range hold, which means the following

o I will sell the highs of 3770

o I will buy the breakout above 3770

o I will buy the lows of 3706

o I will at the trend line support

o I will also sell the break below 1.3700 getting in short 5 ticks below the big round number.
 



Sideways Markets On Euro



Russell Futures:

– The Russell futures are trading off the highs and sideways right now

– We have a breaker pattern short below 71.1 with profit targets of 69.3, 65.4, soft 60.5, and hard final target at 57.0
 



Russell Futures Continuation Pattern



    schooloftrade

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