Day Trading Strategy for Crude Oil, Gold, Euro, Russell and Dollar Index Futures

http://www.sidewaysmarkets.com/2011/01/day-trading-strategy-for-crude-oil-gold_18.html We got back to business this week after the Holiday on Monday with another day filled with profit and opportunity to learn to trade with our methods. We began our day with crude oil rollover, and we spent some time talking about the issues surrounding this EARLY rollover. We then moved to the Dollar, where we got some easy clues for what to expect this morning in our trading. We saw Gold at the highs of the wedge pattern so we sold the highs for an easy 80 ticks of profit BEFORE 930am EST. We then looked to buy a pullback on crude oil, found out it was a failure and ended up with a small loss on the wave long, and a BIG winner on the wave failure pattern. We finished up a great day in our live trade with over 160 ticks of profit, 1 loss, 1 scratch, and many more opportunities to learn.

Comments

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