Good Morning Traders!
A few ideas from chart examples above:
Sell Short day tens bonds and bunds after three days low to high. BP – fully developed 480 minute power buy (consolidation on the daily charts)
Crude Buy Divergence two period ROC, three days high to low = long liquidation flush.
Canadian Dollar. Buy div 480 minute charts at lower end of range. This looks similar to a Gartley butterfly type of formation. The Australian dollar is already sharply back up off nightly economic data. IN OTHER WORDS – the dollar is in a well established down trending channel on the daily charts!!! Big picture the weeklies can easily take out the last swing low which would confirm a downside breakout from a 2 year equilibrium point. THAT IS A POSSIBILITY. With a dollar in full devaluation mode, one can trade just about any commodity with a bullish bias (excepting copper which is a short term aberration) Wait for 2-3 days high to low and I have not yet found anything that is simpler and works better than this. (Works at least 70% of the time in this type of environment)
SPs: trading 73 currently in the Globex session. This is the area of the 5 SMA. Indexes corrected back to their daily EMAs Wednesday morning. The minimum requirement for the daily sell divergences was met. Thursday is ROLL DAY – I prefer to trade the March SPs on Roll day but technically, June will be considered “front month”. Usually there is choppy two way trading, and rarely a trend day on roll day.