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Monthly Archives: February 2013

February 4, 2013

Crude Oil Anchor Chart Prep

Crude Oil Anchor Chart Prep Crude Oil trades lower at the lows from Friday, which means we have 2 set-ups to look for immediately.  First, the InsideOut Set-up occurs when the sellers fail at the lows and we enter long after a price-reversal.  Second, the Wave Set-Up occurs with new lower-lows outside of the trading […]

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February 4, 2013

Gold Anchor Chart Prep

Gold Anchor Chart Prep The first thing we notice on gold futures is the sideways-trading-range we can easily see on this anchor chart.  When we see sideways price-action we know to look for the InsideOut Set-up and the price-wedge set-up. The next potential set-up will be the InsideOut Set-up and we will be looking for […]

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February 4, 2013

Euro Anchor Chart Prep

Euro Anchor Chart Prep We start this morning with the euro and we can see the break to new lower-lows below the PLOD, which tells us we have 2 easy opportunities to look for.   First, if price continues to move lower we look for the Wave Set-Up short down to the major support levels below […]

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