November 26, 2019

Qualify the Next Winning Trade

Predict the Next Winning Trade

We’re headed into the last full day of trading on Wednesday with Crude Oil and Gold going sideways while the E-minis keep trending higher…

And I’m expecting a busy session tomorrow morning, which means I need to keep focused on these four rules to qualify a winning trade. Are you ready?

The Wide Range is the BIG Clue on Crude Oil…

Crude Oil is bullish into a trading-range this evening, which tells me to look for buy setups underneath the range tomorrow morning…

And don’t – the range is wide, so momentum plays a big factor in which type of entry set-up we’ll be looking for down around those buy zones…

The Bulls Have (3) Three Choices On the E-Mini…

E-Mini S&P is bullish and re-testing today’s new all-time higher, which tells me to look for buy setups, but only after we get a deep pullback off these highs…

And speaking of pullback, I’m watching the low of a new hidden-channel as key support to use with the entry trigger.

I Smell a Range on the Nasdaq, But Where?

Nasdaq is bullish and struggling to re-test today’s high, which tells me this market is likely headed into a range on Wednesday morning…

And that trading-range tells me exactly what to look for – buy set-ups using seller-failures down below the range tomorrow morning.

The Gold Bears Have Control, But Will It Last?

Gold is bearish into a narrow trading-range tonight, which would normally tell me to look for sell setups up above the range high…

But look closely, and you can see the bullish momentum coming off the range low is very strong, telling me to wait for a “nested” failure pattern to sell off the high.

“Success is all about the little things in life. Focus your energy on the small things that produce the biggest results”

    schooloftrade

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