Thursday, July 9, 2015

‘Fade’ these Trading Ranges on Friday | Day Trading Crude Oil, Gold, E-mini & Euro Futures 07/09/15



"Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful."

Notes for Tonight’s Newsletter:
We have easy trading-ranges to work with right now which means we will be looking for TRAPS on Friday… are you ready for this?

Crude Oil is trading near the highs of the trading-range with a bearish-bias which means we will be looking for 'bull-traps' above the highs to get short down to the range-lows on Friday.

E-mini S&P is bearish and trading at the lows of the trading-range which means we will expect to see bear-traps at the lows and need to stay patient for the best trades up at the highs.

Gold is trading near the highs of the trading-range with a bearish-bias which means we will be looking for 'bull-traps' above the highs to get short down to the range-lows on Friday.

Euro is trading in the middle of the trading-range, apparently waiting to hear more from Greece tomorrow morning, which means we will be looking for 'traps' at the highs and lows and staying away from the middle on Friday!



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