FOMC Trading Strategy; Beware the Traps!
We’re headed into the FOMC Announcement tomorrow afternoon, which means tomorrow morning will be one of the more challenging days of this Quad-Witching week…
Knowing this, I’m not going to let a little news event stop us from finding some reliable entries, but I’ll warn you, today’s charts are littered with traps, so we best be prepared for battle – are you with me? Let’s go!
Strength of this E-Mini Pullback says Beware the Traps!
E-Mini S&P is bullish into a trading-range, which tells me to look for buy setups using failure patterns at key support levels below the range on Wednesday…
The challenge, however, is the strength of the last move lower, which throws us a curveball, and tells me to get creative to find the right entry setup tomorrow morning…
Crude Oil Buyers Need the Pullback, Look for Traps!
Crude Oil is bullish after a 123-breakout sent prices running higher, but we finish today’s session right on top of last week’s high, not a very good place to start buying…
Knowing this, I’m going to wait for a pullback to free up some space, and I have my eyes on the low of a new hidden channel to get long…
Gold is Bearish, But Did You See the Last Pullback?
Gold is bearish and trading just above a trading-range, which would normally tell me to get short with a buyer failure pattern, but there’s one big problem…
The last move higher was very strong, leaving the “open-loop” for the bulls, and I need to wait for them to “close that loop” before I can get serious about getting short…
