Day Trading Jobless Claims and Durable Goods Orders on Gold, Crude Oil Futures

http://www.sidewaysmarkets.com/2011/01/825am-est-were-looking-at-dollar-index...

What a great FOMC Day! We seem to always find a way to make money on FOMC day, but today was a great example of how our hard work AHEAD of time paid off big time.

We opened our charts this morning ahead of the FOMC announcement @ 215pm and formulated our plan of attack.

We knew that volume would be an issue later in the morning, so we set our alarm clock a little earlier than usual so we didn't forget about the late morning drop in volume.

We had gold and crude oil at the highs of the sideways trading range, also the highs of a price channel.

Two BIG reasons to sell the highs, and we did just that...but remember, there is the RIGHT and the WRONG way to sell the highs.

Selling the lows on a day like today was trading suicide...so how did we do it?

Do you know the difference? If not, you need to watch today's video recap.

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Education

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