Monday, July 13, 2015

Tuesdays Trading Plan | Day Trading Crude Oil, Gold, E-mini & Euro Futures 07/13/15



What your mind can conceive, and your heart can believe, you can achieve!

Notes for Tonight’s Newsletter:
We have trading-ranges and bearish markets this evening which means we will be looking for TRAP opportunities on Tuesday… are you ready?

Crude Oil is bearish and range-bound which means we continue selling the resistance levels at the highs using 'bull-traps' and taking profit at support levels near the lows, avoiding the traps near the middle and lows of the range.

E-mini S&P is bullish on the news from Greece, but the 'bigger picture' on the chart tells us there will be 'bull traps' up near today's highs which means sellers will be waiting to send this price back to the range from last week!

Gold is bearish and trading inside a range this evening which means we will be looking for 'bull-traps' up near range-highs resistance and taking profit targets at support levels near the lows of the range.

Euro is bearish and range-bound this evening after the breakout higher went directly to the 'expansion resistance' and collapsed back down into the range.  The plan is simple... keep selling at breakouts near the highs and look for opportunities to sell when the buyers try and fail.



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