Trade Management Strategy for Sideways Markets Dollar Index, Crude Oil and Gold Futures

http://www.sidewaysmarkets.com/2011/01/rade-management-strategy-for-sideways....

We had our biggest profit of 2011 today, but it certainly didn't come as easy as we would have liked it.

We started our day with the dollar, moving slowly, sideways, and looking to drop off the highs of the sideways trading range.

While the dollar was chopping around we had 830am jobless claims which came in as expected, so there was nothing to get the markets MOVING early this morning....we had to wait.

9am we took our first two trades on gold futures, we used the wave pattern to trade at the highs, and then used a failure pattern to short the highs and take profit at the lows.

Crude oil didn't move until 10am this morning and when it did we were ready. Selling retracements on the way down, and using a wave failure pattern to buy the lows.

We had a great day today, hope you were with us, and don't miss today's video recap of all the trades we took today.

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[trashratt]

STOP saying "guys"...."guys".."guys"......­.you say guys every 2 minutes! Why?