“Your time is limited; don’t waste it living someone else’s life. Don’t be trapped by dogma, which is living the result of other people’s thinking. Don’t let the noise of other’s opinion drowned your own inner voice. And most important, have the courage to follow your heart and intuition, they somehow already know what you truly want to become. Everything else is secondary.”
Notes for Tonight’s Newsletter:
Crude Oil is range-bound this evening; our plan is to buy the lows and sell the highs and use the '2 try rule' to qualify a successful breakout on Wednesday. We are currently looking for the sellers to fail at the lows so we can buy into their stop-losses on the way back to the highs of the range. If sellers are successful we will use the '2 try rule' to know when this breakout is legit and should be followed lower.
E-mini S&P is range-bound this evening and trading at the lows of the range so we are watching for sellers to fail so we can buy these lows while using the '2 try rule' to qualify this breakout lower. Target above us at the 50% and then back to the range-highs, but if the sellers can keep this price below the lows of the range we are likely to see a run lower to the range-expansions below.
Gold is bullish with a spike & channel this evening which tells us the buyers are strong, and the best opportunity will come after a measured-correction off today's highs so we will be staying patient tomorrow. The spike & channel SCREAMS strength from the buyers, but the reality is that we cannot buy these highs b/c the initiating buyers will need to take profit, and when they do the sellers will attack, and when the correction is completed then we will get the best buying opportunity!
Euro is completely balanced and trading sideways inside a very clear trading-range this evening which means we're looking to buy the lows and sell the highs using failure patterns tomorrow. The volume is a big clue on days like today, which encourages us to 'fade' all breakouts of the highs and lows of the range, and use the '2 try rule' to qualify anything trying to move outside this range.
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