Hunting For Traps In Range-Bound Markets
Video Length: 00:44:15
We’re back in the saddle again this week; it’s the end of the month and the last few drops of the summertime season, which tells us to expect lower volume with increased volatility…
Our favorite markets are range-bound this evening, which means we’re focused on buying low, selling high, and waiting patiently for traps and failure setups for the best entries.I’m excited to show you how, let’s get started…
E-Mini S&P Completes the Pendulum Swing, Now What?
E-Mini S&P is bullish, and with a strong spike higher, it’s tempting to try buying this breakout, but look closely and you’ll see we’ve just completed the pendulum swing, so I’m going to wait for a bear trap to confirm the entry…
(Click on image to enlarge)
Crude Oil Buyers Should Be Watching That Trend Line…
Crude Oil is bullish into a range tonight; the bulls have control, so my plan is to buy below the range lows, but a falling resistance trend-line tells me I need to wait for bear traps before I can get long…
(Click on image to enlarge)
Gold Sellers Waiting for a Deep Pullback to Reload…
Gold is bearish and three legs down on the chart tonight; the sellers are clearly in control, but we’re too low to sell at this point, so I’m going to wait for a pullback off these lows and then try selling into a buyer failure pattern for a retest of the lows…
(Click on image to enlarge)
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