Day Trading Crude Oil Inventories with Gold and Dollar Index Futures Correlation
271 views · Published 12 January 2011 · 9:26 · Indexed 17 October 2026
Channel: Joseph James Trading With JJ · 2011 · Education
http://www.sidewaysmarkets.com/2011/01/day-trading-crude-oil-inventories-with.html Wednesdays are always a very busy day in our live trade room - Crude Oil inventories @ 1030am - Members Training @ 1130am We started our day with very slow price action on the dollar, which gave us the heads up we needed for the day ahead of us. We took a high risk wave pattern just before the US Open which stopped us out, and dug a nice hole for us to work out of....which we did! We saw crude inventories drop @ 1030am which meant looking for buying opportunities on crude oil, and we took 2 big winners with that information. The big story today was the dollar...it gave us a heads up early this morning that ended up being the most important aspect of our success. Don't miss today's video recap so you can learn the same lessons along with me today!
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