May 28, 2013

Euro currency futures day trading plan

Euro 60-Minute

We used the Dollar-Index
correlation earlier this morning to look for a selling opportunity on the euro
just after 9:00am EST.  The Dollar-Index is
made up mostly of the Euro currency, so there is a strong correlation we used
for an easy +60-tick winning trade this morning. 

Dollar Index 5-Minute
Now the euro
is sitting at the lows, so we are looking for a price-reversal on the Dollar-Index
(which is at resistance) which will hopefully give us a buying opportunity around
the symmetry support on the euro to finish up a great morning session in the live
trade-room.

    schooloftrade

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