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Monthly Archives: October 2020

October 29, 2020

Is It Too Late to Get Short? (Friday’s Trade Plan)

Is It Too Late to Get Short? (Friday’s Trade Plan)

We’re headed into the end of the week and the end of month tomorrow morning, which means increased volatility and a smaller window of opportunity for the best setups…

It’s been a busy week for the bears, and it’s tempting to think all the best shorts have been taken, but it’s not too late to find reliable sell setups on Friday morning if you know where to find them. Let me show you…

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October 28, 2020

Don’t Get Short Until You Watch (Thurs. Trading Plan)

Don’t Get Short Until You Watch (Thursday’s Trading Plan)

It was a bloodbath in the markets today, with all major sectors crashing lower after new lockdowns were announced in parts of Europe early in the US session…

After the dust settled, markets began trading sideways, and those ranges tell us exactly where to find the most reliable entries tomorrow morning…

But not so fast – those ranges also tell us momentum will play a key role in our choice of entry patterns, so make sure you watch this before you get short…

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October 26, 2020

3 Steps to Success (Tuesday’s Trading Plan)

3 Steps to Success (Tuesday’s Trading Plan)

Markets took a tumble lower today after seeing another record-high number of new COVID cases over the weekend, along with the lack of any progress on a stimulus deal here in the US…

The most important clue, however, is that we’re seeing range-bound markets going into Tuesday morning, which means we’re focused on trading failures and breakout patterns.

There are some tricky situations going into the opening bell tomorrow so make sure you follow my 3 rules for trading success, let’s get started…

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October 22, 2020

Focus on Failures for Friday (2try Strategy)

Focus on Failures for Friday

Markets appear bullish going into Friday’s trading session, but look closely and you’ll see quite a few reasons to stick with the short side to finish the week…

Emini ES is trading at the high of the weekly range, Crude Oil screams of exhaustion and the bounce on Gold appears to be nothing more than a bear flag…

There’s only one problem. Momentum. With the bulls in short-term control, I’ll need to stay patient for the best failure patterns to trigger the entries. Here’s my plan…

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October 21, 2020

Stimulus Trading Strategy (Plan the trade, trade the plan)

Stimulus Trading Strategy

We’re headed into what could be the biggest news day of the week tomorrow morning, and with everyone waiting on the next stimulus deal announcement, I’ve been busy getting myself ready for all possible outcomes…

Gold and the Eminis are both range-bound, so I’ll be focused on failures and breakouts, while Crude Oil is just begging for bull traps tomorrow morning. Are you ready? Let’s take a look…

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October 19, 2020

Ready for the Reversal? (Best Entry Patterns)

Ready for the Reversal? (Best Entry Patterns)

We’re back to our desks for another big week of trading, and with big moves on the charts this afternoon we’re looking forward to big opportunities in Tuesday’s trading session…

Crude Oil and Gold are both range-bound this evening, which means we’ll be looking for failures and breakouts tomorrow morning, and after a big collapse on the Emini ES, I’ll be looking to short the pops or get long into a reversal. Are you ready for tomorrow? Let me show you my plan…

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October 15, 2020

Plan the Best Pullback (123-Reversal Pattern)

Plan the Best Pullback (123-Reversal Pattern)

Today’s session may have started bearish, but whispers of a new stimulus deal quickly gave us a 123-Reversal pattern and sent the markets running higher into the close…

The 123-Reversal pattern is the big clue because it tells us exactly where to plan the best pullback entries in Friday’s trading session. Let me show you how to capitalize on them…

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