The month of September got off to an exciting start today; the Eminis keep pushing higher, Crude Oil consolidates into a triangle, and Gold pumps and dumps back into the weekly range…
But no matter which market you’re trading on Tuesday, the most reliable trades will come when we trap traders on the wrong side of the market. Because the easiest targets you’ll ever hit will use stop-losses as fuel.
E-Mini S&P Buyers Trying to Reach the “Runaway Zone”
E-Mini S&P is bullish with finished today’s session with a strong spike higher; the strength of this move tells me to anticipate one of four possible scenarios for tomorrow. I want to make sure you’re prepared to capitalize on the next leg.
Crude Oil Traders Waiting Patiently to “Fade Breakouts”
Crude Oil is range-bound and trading in the middle of a large triangle; the range tells me the market’s balanced, so I should focus on trading breakout failures around the edges of the range tomorrow morning.
Gold Sellers Need More FUEL for Their Entries…
Gold is bearish and trading back inside the weekly range, which tells me to stay patient for sell setups above the range, using the buyers’ stops as fuel for the entry.
Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or ...
Disclaimer: Join our Free Trading Course. 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 website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 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.
