FOMO Trading Strategy

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We have a handful of strong range breakouts on our favorite markets tonight, but you know me, I don’t chase these moves…

Anytime I see breakouts I’m looking for ways to trap those “FOMO” traders on the wrong side and make them pay, here’s the strategy…

Crude Oil is running higher, and rather than chasing this move higher, I’m waiting patiently to buy the pullback using the low of a Hidden Channel.

E-Mini S&P is bullish with a strong breakout higher, but we’re too high to start buying, so my plan is to wait for sellers to try calling a top and buy into their stops.

Nasdaq is bullish with a spike higher into today’s close, but it is not the bulls I’m watching, it’s the BEARS because of the strong pullback, I’m waiting for a second leg lower before I consider buying this tomorrow morning.

Gold is bullish after a 123-Reversal off the moving average, but I don’t want to chase the bounce higher, avoiding FOMO, my plan is to buy the low of the range using the 2-Try Failure pattern.

Euro is bearish, but look closely and you can see we’re stuck at multiple support levels, so rather than trying to force it lower, I’m waiting for all the FOMO rookies to give up so I can buy into their exits for a rally higher!

Crude Oil is Bullish, But Not the Time to Chase

The momentum is bullish, which means I’m waiting for a ‘2-legged pullback’ off the highs before looking for a buy set-up going back to the high.

But the trading-range is a big concern because it reminds me I need to buy near the lows, not near the highs.

Knowing this, I want to wait for that pullback and try to get long as close to the low of this range as possible.

E-Mini S&P is Racing High & I’m Watching Key Support

E-Mini S&P is bullish, which tells me to wait for the pullback to key support levels and look for the entry pattern going back to the high.

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