Our favorite markets tumbled lower again today, finishing the session in what appear to be “hidden ranges” just off their lows… Those hard-to-find ranges are a big clue, because with all this bearish momentum over the last couple days, I'm expecting people to get aggressive selling new lows…
My plan is to use those “hidden ranges” as price magnets, waiting for sellers to get caught chasing so I can trade the “snap back” – are you ready? Let’s go…
--------------------
Learn my (4) Four Favorite Set-Ups with My Free Trading Course:
Become a Member and Join the Trade Room:
-----------------------------------------
Crude Oil is bearish and finished the session in the middle of a range, which tells me to focus on buying low, selling high, and avoiding the middle tomorrow morning…
I'm looking for buyer-failures to sell off the highs, but more importantly, I'd love to get my hands on a nested seller-failure for a quick “snap back” into the range…
E-Mini S&P is bearish and appears to be headed lower, but look closely and you can see a “hidden range” back near the middle, which makes for an excellent 2-Try Trap SetUp on the next pullback…
Gold is bearish and finished today with what most people would call a “bear flag”, but look closely and I can smell “hidden range” right in the middle, which means my job tomorrow is selling high with buyer-failures at overhead resistance…
--------------------
Watch More Videos on our Trading Blog:
--------------------
Trading Psychology Videos:
--------------------
Contact the office for more information:
Sales@SchoolOfTrade.com
800.381.2084
Skype: Megan.James12345
----------------------------------------------
Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
----------------------------------------------
Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.
0 Comments