Best Way To Avoid Losses

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We have some BIG opportunities setting-up for Thursday, but looking closely at the charts, it’s easy to see where traders could get into trouble tomorrow…

My plan tonight is to show you where the best opportunities will be while avoiding the most common traps that result in losses tomorrow morning.

Crude Oil is bullish into a trading range, which means I’m looking to buy into seller-failures below the range tomorrow morning.

E-Mini S&P is flat and range-bound tonight, which tells me to focus on failures for both buying and selling opportunities on Thursday.

Nasdaq is range-bound with a bull-bias, which tells me to look for buying opportunities below the range, and I have my eye on a key support level using symmetry.

Gold is bearish with a strong spike lower, which leads me into a Spike & Channel, and I’m looking for selling-opportunities off the high.

Euro is bearish and rolling lower, but the BIG CLUE is what DIDN’T happen in today’s session, and I’m going to use that to my advantage tomorrow morning.

Crude Oil is Bullish, But Watch That Range!

Crude Oil has a nice strong bull momentum, but the trading-range on the chart telling me that I need to avoid losses trying to buy these highs and wait for a pullback.

My goal for tomorrow is to wait for the deep pullback and look to buy into seller-failures using the combination of two trend-lines.

E-Mini S&P is Range-Bound with Symmetry

The E-Mini S&P is trading sideways with a bull bias tonight, which tells me to avoid the losses that come with buying into the high and wait for price to pull back below the range.

Knowing this, my plan is to look for buying opportunities below the range using the measured-move (symmetry) support level waiting below.

Nasdaq is Bullish with a Big Range

The Nasdaq is stuck inside a narrow range, which tells me to avoid losses in the middle of the range while looking for entries down below the range low.

The real clue on this chart is the resistance trend-line coming down overhead because that’s going to be an easy way to lose money tomorrow.

Knowing this, my plan is to avoid buying into the trend-line by using a crown reversal pattern down in the battle-zone.

Gold is Bearish with a 123-Breakout

Gold is bearish after sellers got a successful 123-Breakout with a strong spike lower.

I don’t want to chase the market lower because the easiest way to avoid losses is to wait for price to pullback to the high of the new channel and look for sell set-ups going lower from there.

Euro is Rolling Lower (Still!)

The Euro is bearish and still rolling quietly lower on the chart.

The big clue, however, is the lack of any real pullback – nothing!

This tells me that sellers are patiently waiting to sell into any deep pullback, so my plan is to wait and look for counter-trend buyers to try and fail.

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