November 24, 2015
- in Uncategorized by schooloftrade
Tuesday Trade Plan | Crude Oil, Gold, E-mini & Euro Futures 11/23/15
“The tragedy in life doesn’t lie in not reaching your goal.
The tragedy lies in having no goal to reach.”
The tragedy lies in having no goal to reach.”
Notes for Tonight’s Newsletter:
Crude
Oil is range-bound
still trading inside the same range we saw last week so our plan will remain
very similar; One big clue we see on today’s chart is the failure from the
sellers early this morning which tells us the pendulum is likely going to swing
aggressively in the opposite
direction tomorrow. We have rotate
targets up at range highs and again at the next range-expansion
level up at 42.76 and 44.25. Remember, nothing
is written in stone, so watch closely if they fail to rotate to the highs at
42.76 because that will signal the same thing in the opposite direction.
Oil is range-bound
still trading inside the same range we saw last week so our plan will remain
very similar; One big clue we see on today’s chart is the failure from the
sellers early this morning which tells us the pendulum is likely going to swing
aggressively in the opposite
direction tomorrow. We have rotate
targets up at range highs and again at the next range-expansion
level up at 42.76 and 44.25. Remember, nothing
is written in stone, so watch closely if they fail to rotate to the highs at
42.76 because that will signal the same thing in the opposite direction.
E-mini
S&P is range-bound with a bull-bias this evening so our plan is to use range-rotation
and the ‘2-try-rule’ to look for
opportunities as price rotates from high down to low tomorrow. The big push higher last week gives us the bull-bias
and the sellers are currently trying to rotate price back to the lows of the
range, which we will be watching closely because if they fail we then have
reason to believe this price is going to shoot thru the highs, so rotation
is our main focus before we do anything tomorrow morning.
S&P is range-bound with a bull-bias this evening so our plan is to use range-rotation
and the ‘2-try-rule’ to look for
opportunities as price rotates from high down to low tomorrow. The big push higher last week gives us the bull-bias
and the sellers are currently trying to rotate price back to the lows of the
range, which we will be watching closely because if they fail we then have
reason to believe this price is going to shoot thru the highs, so rotation
is our main focus before we do anything tomorrow morning.
Gold
is range-bound
with a bear-bias this evening so our plan is to use range-rotation and the ‘2-try-rule’
to catch buyers and sellers on
the wrong side of the market. The big
push lower ended in a very narrow trading range which is now seeing almost perfect
‘rotation’ from high to low and it looks like the sellers are trying to test
the rotation target at 1064.8 but if they fail we will be looking for the
pendulum to swing in the opposite direction up to 1074.1 and possibly 1077.2 as
the buyers react to the seller’s weakness.
is range-bound
with a bear-bias this evening so our plan is to use range-rotation and the ‘2-try-rule’
to catch buyers and sellers on
the wrong side of the market. The big
push lower ended in a very narrow trading range which is now seeing almost perfect
‘rotation’ from high to low and it looks like the sellers are trying to test
the rotation target at 1064.8 but if they fail we will be looking for the
pendulum to swing in the opposite direction up to 1074.1 and possibly 1077.2 as
the buyers react to the seller’s weakness.
Euro
is range-bound
with a bull-bias
this evening after we saw the sellers recently try and FAIL to move lower, telling us the
buyers are likely to take this price higher.
Today’s trading-range
started off a bullish move higher so there is already a bullish-bias
to the range, and then the sellers tried to test 1.0595 and failed by 1-tick
which means the ‘pendulum
swings’ back in the opposite direction to targets above at 1.0667 and
1.0691.
is range-bound
with a bull-bias
this evening after we saw the sellers recently try and FAIL to move lower, telling us the
buyers are likely to take this price higher.
Today’s trading-range
started off a bullish move higher so there is already a bullish-bias
to the range, and then the sellers tried to test 1.0595 and failed by 1-tick
which means the ‘pendulum
swings’ back in the opposite direction to targets above at 1.0667 and
1.0691.
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