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What’s the best strategy for trading tomorrow’s FOMC Announcement?

With news coming in the afternoon, our focus will be the morning session, and with lots of trading-ranges on the charts tonight, we’ll be looking for failures and breakouts in our trade room tomorrow morning…

I’d love to buy a deep pullback on the Emini ES, short the expanding triangle highs on Gold, and trade the bear breakout to fill the weekend GAP on Crude Oil.Are you ready?Let’s go…

E-Mini Keys to Success:

• Bullish into a range, rotation off the high
• Bulls Want to buy support levels below the range or breakouts above
• Bears Want to sell breakouts above and sell reversals lower

Best Setups for Tomorrow: 

• [DOWN] – Nested Failure setups to Buy (or) 123-Reversal to sell
• [UP] – Breakout setups to Buy (or) Crown reversal to sell
• [SIDEWAYS] – Sit on hands, wait for a breakout, focus on failures

(Click on image to enlarge)

Crude Oil Keys to Success:

• Bullish into a range, then bearish into a range (last week’s range = magnet)
• Bulls Want to take control with a 123-Reversal
• Bears Want to sell resistance above the range or sell breakouts below

Best Setups for Tomorrow:

• [UP] – Failures to get short (or) Breakouts to get long
• [DOWN] – 2-try trap to sell (or) nested failure to sell
• [SIDEWAYS] – sit on hands, wait for a breakout

(Click on image to enlarge)

Gold Keys to Success:

• Bearish into a trading-range
• Bears Want to sell resistance levels above the range, or sell breakouts below it
• Bulls Want to buy a 123-Reversal going higher or a crown reversal at support below

Best Setups for Tomorrow:

• [UP] – Failure setups to sell (or) Breakout setups to buy
• [DOWN] – breakout setups to sell (or) reversal setups to buy
• [SIDEWAYS] – sit on hands, wait to short the pop!

(Click on image to enlarge)