Our favorite markets finished today’s session up at their highs, but more importantly, they finished on strength, which suggests that buyers are looking for another leg higher on Thursday…
The problem is – I don’t want to buy the highs, I need to wait for a pullback, and I have my eyes on the lows of three hidden channels – do you see them? Let’s get started…
Continue readingWe started today’s session with a strong run higher, but a delay in the next stimulus bill quickly let the air of this balloon and markets quickly turned lower…
That leads us to the big question for tomorrow; should I trade the bounce, or fade the bounce? It all depends on momentum, here’s the plan…
Continue readingOur favorite markets “caught a bid” this morning and never looked back, finishing today’s session up near their highs – but I keep asking myself, “can they hold this rally” going into Tuesday?
Continue readingOPEX Trading Strategy; Best Trades for Friday
We’re headed into Options Expiration, better known as OPEX Friday tomorrow morning, which usually means lower volume and unpredictable price-action…
The most important aspect of tomorrow’s Summer Friday session is to focus on the most reliable support/resistance levels for your entries and exits; I have the perfect plan, let’s get started…
Continue readingTrading Breakout Failures; Which Entry Pattern Works Best?
We’re seeing nothing but range-bound markets on the charts tonight, which means the plan for tomorrow is rather simple; buy low, sell high, and focus on breakout failures around the edges of the range… let’s go!
Continue readingIt wasn’t pretty, but we finally got the reversal we were looking for today, and with the buyers running strong to the upside, it’s time to look for entries at key support levels tomorrow morning…
Keep in mind, with the strong moves higher today, we’re now testing major resistance levels overhead, which means timing the entry properly is going to be critical to our success on Wednesday morning – are you ready?
Continue readingCan You Predict a Reversal? 3 Patterns to Trade the Turn
Markets got right back to work to kick off the third week of July, starting with big runs higher, and finishing today’s session with even bigger runs lower…
But there’s something fishy about these moves lower today – they all landed conveniently at major turning points on the charts, telling me to keep my eyes open for three reversal patterns on Tuesday morning – are you ready?
Continue readingMarkets were on the move yet again today; Crude Oil and Gold sank lower into ranges, while the Emini ES bounced off the low into a Spike & Range…
Those ranges are the big clue for Friday morning; tell me to buy low, sell high, and focus on failure patterns, but look closely and you’ll see many examples where trend-lines have created traps for inexperienced traders – I want to make sure you know how to avoid those traps to finish the week in the green…
Continue readingMomentum Confirms My Next Trade; 3 Step Strategy
It was another wild day in the markets today; Gold ran another leg higher, Emini ES rotated back and forth inside a wide range, and Crude Oil started slow but finished the session with a strong momentum move higher…
Speaking of momentum, that was the big clue of today’s session; all of our markets are showing signs of “failure into momentum confirmation”, which tells me exactly where to find the most reliable entry setups on Thursday…
Continue readingMarkets were on the move today – Gold spiked higher, the Emini ES collapsed, and Crude Oil looks ready for another leg lower as well…
All of these markets have one thing in common – they all need the opposite side of the market to fail, and I want to make sure you’re ready for the best failure patterns tomorrow morning – are you ready?
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