Archive

Monthly Archives: October 2018

October 10, 2018

When Indicators FAIL | Crude Oil, Emini, Nasdaq, Gold & Euro

Crude Oil is bearish and trading at the low of a channel, so my plan is to stay patient and look for selling-opportunities off the high tomorrow morning…

E-Mini S&P is bearish with a strong run lower, telling me to look for selling-opportunities using buyer-failure patterns up above the moving-average…

Nasdaq is bearish with a runaway market, telling me to look for selling-opportunities using a Spike & Range pattern tomorrow morning…

Gold is bullish, but trading at the high of a range tells me to look for selling-opportunities using buyer-failures instead of trying to buy this breakout…

Euro is bullish and trying to complete the ‘pendulum swing’ target, and once it does I’m looking to short this market back down to the range lows…

We had some strong trends in today’s session – a great example of market conditions where your average indicator(s) are useless, so tomorrow is all about market psychology combined with simple and reliable technical analysis – I have the perfect plan of attack…

Continue reading