Wednesday, July 8, 2015

Day Trading TRAPS for Thursday | Crude Oil, Gold, E-mini & Euro Futures 07/08/15

"Watch your thoughts; they become words. Watch your words; they become actions.  Watch your actions; they become habits.  Watch your habits; they become your character.  Watch your character; it becomes your destiny.”

Notes for Tonight’s Newsletter:
We continue to see incredible trades this week, and tomorrow we have trading-ranges to look for ‘traps’… are you ready?

Crude Oil is bearish and trading in the middle of a range this evening after buyers failed to grab control which means we will be using the range highs and lows for the best trading opportunities on Thursday.

E-mini S&P is trading sideways near the lows of a range this evening which means we will be looking for 'traps' at the lows and opportunities to buy this back up to the range-highs on Thursday.

Gold is bearish inside multiple trend-channels this evening so we are looking for opportunities to sell the channel-highs and resistance levels on the way down to the range-lows.

Euro is bullish and trading inside a channel which means we will be looking for buying opportunities on the pullbacks to support levels but staying away from buying the highs on Thursday.

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