January 15, 2019

Combine the Best Patterns

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Crude Oil is bearish, but look closely at the chart and you quickly realize this might just be a great time to look for longs (with the right set-up) tomorrow morning.

E-Mini S&P is bullish with a range, so I’m looking for buying opportunities below the range low using a seller-failure pattern.

Nasdaq is bullish with a perfect combination of a trading-range and a hidden channel for reliable buying opportunities off the low tomorrow morning.

Gold is range-bound with a triangle, which means I’m watching the edges of the range for key failure set-ups to fade the breakouts.

Euro is bearish with a range, so I’m looking to sell a key resistance level waiting up above the range high tomorrow morning.

Crude Oil is Running Lower, But Look Closer to Where We Are…

Crude Oil is range-bound with a bear-bias, which tells me to look for short trades at resistance levels up above the high of this range.

Knowing this, my plan is to stay patient and use the 2-Try Failure pattern to sell off the high’s tomorrow morning.

E-Mini S&P is Consolidated, But I have a Plan…

E-Mini S&P is range-bound with a bull-bias, which tells me to look for long trades below the low of the range.

So my plan is to wait for the sellers to try taking this market lower and look to buy into their stop-losses for a rally going back higher.

 

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Nasdaq is Range-bound, but keep an eye on the channel!

Nasdaq is range-bound with a bull-bias this evening, which means the most reliable trades will come buying below the lows using failure patterns.

Knowing this, my plan is to let the sellers try twice below the range, then start looking for buying opportunities coming off this hidden channel.

Gold is a Mess right now, but Look Below…

Gold is range-bound and trading with a narrow range, which tells me to be patient and wait to fade the breakouts tomorrow morning.

To do this, I’m going to wait for the buyers or sellers to attempt a breakout, then look to sell off the high and/or buy off the low to go back into the original range.

Euro is range-bound, but keeping an eye on an overhead channel…

Euro is bearish and trading with a narrow trading-range, which tells me I need to stay patient and look for buying opportunities up above the high of the range.

At the same time, I would LOVE to include the high of this hidden channel with the range-expansions as key resistance to sell back down again.

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