November 15, 2013

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has pushed back up to the wedge highs and it just seems like it wants to push higher. This is the 3rd time we have visited the wedge highs over the course of 24 hours. I am looking long in the short term up to the BMT at 94.44 but overall I am looking short back to 93.15 at the buy zone below as well as further down to the previous swing at 92.51 and the wedge lows below that.

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Euro 60-Minute

The Euro has pushed above the BMT at 1.3469 as well as the wedge highs. We are now pushing towards the next wedge high. I am looking long to 1.3499 as well as the wedge highs before flipping it around and looking back short to retest the BMT back at 1.3469 for a confirmation test of a trend change and THEN we can start looking long on a longer scale. 

Gold 60-Minute

Gold has pushed to the wedge highs and is having a tough time breaking above them. We have reached the time completion of a normal wedge so at this time we should start to see breakouts of this wedge to at least expand it larger. I am looking long up to the the wedge high above us as well as to the BMT at 1292.6 but I am also looking short back to the wedge lows and down to 1277.3.

Russell 60-Minute

The Russell did pull back like we were looking for yesterday and popped higher. We are now right back at the wedge highs. I am looking to sell this market back down to the BMT for a physical test of it down at 1101.9. If we do move higher, we will need to break the wedge highs as well as above the sell zone above us before we will start seeing higher percentage trades to the up side.

Come join us in the room and see how we do it!

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