Entry Timing Is The Key To Success
We found some amazing setups in our trade room this morning, but it’s time to get ready for Wednesday’s trading session…
Crude Oil is bearish into a triangle, Emini ES is testing the buyers stops, Nasdaq looks good for a deep pullback, and Gold wants to re-test Monday’s high – are you ready for this?
Crude Oil is bearish into a trading-range, which tells me to look for sell setups up above the high of the range tomorrow morning…
But keep an eye on the clock Wednesday morning because we don’t want to get wrapped up with the weekly Inventory Report!
E-Mini S&P is Testing the Stops of the Bulls…
E-Mini S&P is bearish into a narrow trading-range, telling me to look for buyer-failures to sell above the highs, and reversal set-ups to buy under the low.
The key for the buyers will be timing the entry based on the short-term momentum, telling us whether we want a failure or crown reversal pattern.
Nasdaq Shoots Lower, But Can they hold it?
Nasdaq is bullish into a trading-range, which tells me to look for seller-failures to buy below the range, but looking at this recent shot running lower, I’m going to wait for a “nested” failure pattern to time the entry properly.
Gold is Back into the Range from Monday…
Gold is bullish and back inside the triangle from Monday morning, telling me to wait for a deep pullback to buy into a seller-failure pattern, or wait for price to run higher to sell with a crown reversal pattern…
Just remember, if we get the deep pullback, the bears will have momentum on their side, so we need to time the entry using a nested failure pattern.
Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or ...
more
Comments
