Tomorrow is the first Friday of December, which usually means the Non-Farm Payroll report is the big news of the trading session…
But a last-minute change in the schedule has another big news report due out around the same time, which has me scrambling to get everything ready before tomorrow’s opening bell, and I want to make sure you’re prepared with me – are you ready?
Continue readingThese markets continue to impress me this week, and with plenty of reliable chart pattern to work with, I’m getting excited for Thursday morning…
And to make sure I don’t miss the best entries tomorrow morning; I use a simple visualize exercise to make sure I have every angle covered – are you ready?
Continue readingOur favorite markets are looking rather bullish going into Wednesday morning, but after two days of strong moves lower, I find myself wondering… “Can we trust these buyers yet?”
Because even though we finished with some strong moves higher, we’re still sitting at the highs of today’s ranges, which is a horrible place to buy pullbacks…
And my plan for tomorrow is to sell off these highs, but I need to wait for the buyers to try a couple times before I let it rip lower – are you ready?
Continue readingThe month of December got off to a busy start today, with major news sending most of our favorite markets running sharply lower…
But when the dust finally settled, most of these markets are range-bound going into Tuesday morning, which tells me to look at (2) two important clues to find the best entry set-ups tomorrow morning – are you ready?
Continue readingWe’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?
Continue readingCrude oil is range-bound, the E-Minis are back to all-time highs, and Gold is hunting for a re-test of monthly lows…
But no matter which market you’re watching, the key to our success relies on one thing – finding reliable support & resistance levels we can trust for our entries – are you ready?
Continue readingEmini, Nasdaq and Gold are all range-bound, while Crude Oil just keeps running higher, which tells me to be prepared for range-bound markets going into Friday’s session…
And whenever I see of sideways, balanced markets like these, I need to focus on using the most reliable indicator for range-bound markets – are you ready?
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Crude Oil is bullish and hasn’t stopped running higher for two straight days, which tells me we’re either going to get a deep pullback off the highs, or a sideways, range-bound market on Friday morning…
But no matter which scenario we get, the key is waiting for a pullback off these highs, because buyers are waiting to buy the dip on Friday morning…
E-Mini S&P is sideways and range-bound this evening, which tells me to focus on buying low, selling high, and avoiding the middle on Friday morning…
And my favorite entry pattern for range-bound markets is always a failure pattern, buying into the stops of the bears, and selling the buyer-failures with the target back to the opposite side of the range.
Nasdaq is range-bound and sideways this evening, which tells me to buy the low, sell the high, and avoid the middle on Friday morning…
And to accomplish that, I have my eyes on support & resistance levels using an expanding triangle pattern on the chart.
Gold is slightly bearish as price grinds lower, but look closely and you can see we’re sitting below the weekly range, which means this market could rip higher at any moment…
Knowing this, I’m going to respect the bearish momentum and focus on a crown reversal pattern to get long off these lows on Friday morning.
Continue readingCrude Oil, Emini, and Nasdaq all got the 123-reversal and ran higher into the close this afternoon, with Gold still trying to break free of this week’s range…
But even though these markets are so bullish, I don’t want to chase them higher because I know the sellers are waiting for another shot to take it lower…
My plan is to wait for those sellers to try that next shot lower, and buy into their stops for a short-covering rally back to the highs tomorrow morning – are you ready?
Continue readingWe have ranges on the E-Minis and trends on Gold and Oil, which tells me the best trading strategy for Wednesday morning…
But one of the big clues I see on today’s charts is that most of these markets are running into major s/r levels, which reminds me to plan my exit price in order to know the best entry set-up – are you ready?
Continue readingMarkets are gearing-up for the final full week of trading for November, and with the Eminis continuing to push new highs, Oil rotating inside a range, and Gold trying to run back to 1500, we have plenty of trap setups on our radar for tomorrow morning…
But there’s one big clue that stands out on the charts this evening, and that’s how this “Two Try Rule” continues to give us the best entry set-ups in our trade room, and I have a feeling that “Two Try Rule” is going to be a big component for Tuesday as well – are you ready?
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