We’re back in the action after the Holiday Weekend, and with our favorite markets trading sideways inside of ranges, my focus is trading breakouts on Tuesday morning…
But wait – I’m not talking about the breakout patterns you see in the popular trading books – nope – because my favorite breakout is a FAILED breakout, and tonight’s video will show you why… let’s get started…
E-Mini Buyers Would Love to Get Long Off the Low of this Expanding Triangle…
E-Mini S&P is bullish with a Spike & Range pattern;this tells me the most reliable buy setups will likely be underneath the range around the edges of the expanding triangle…
(Click on image to enlarge)
Crude Oil’s Wide Range Tells Me to Wait for a Wide Failure to Buy below the Low…
Crude Oil is bullish into a wide triangle/range;the bullish momentum tells me to buy below the range, while the triangle tells me to focus on the “edges” for the best entry setups.
(Click on image to enlarge)
Buyers Would Love Another Chance to Buy Below the 1785 Swing on Tuesday…
Gold is bullish into a narrow Spike & Range;this tells me to look for buy setups below the range, ideally below the previous swing-low at 1788.4, or a 123-breakout if the buyers try making a run for the measured-move target overhead.
(Click on image to enlarge)
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.