July 20, 2015

2 Ways to trade STRENGTH | Day Trading Crude Oil, Gold, E-mini & Euro Futures 07/20/15

Don’t lower your expectations
to meet your performance. Raise your level of performance to meet your
expectations. Expect the best of yourself, and then do what is necessary to
make it a reality. 
Notes for Tonight’s Newsletter:
We are seeing some VERY
strong trends in our favorite markets, which means we are either at extreme
highs or lows going into Tuesday’s
session
so we need to be ready for failures… are you with me?

Crude
Oil
is bearish at the lows of the range
.  Sellers need
to wait for retracements up off these lows while buyers will look for
opportunities to buy
into the stops
of the sellers at short-term resistance levels overhead.

E-mini
S&P
is bullish, but trading at the highs of the range
which means we will be looking for bull-traps
at support levels to sell the highs, and buyers will need to stay patient to
wait for the best opportunities at support
levels
below or wait for the sellers to try and fail at these highs.

Gold
is trading inside a bear-flag
this evening
after a
tremendous push lower overnight on Sunday. 
This type of chart pattern tells us to look for selling opportunities at
the highs of the channel as well as to stay patient for a large correction HIGHER
before we go lower.

Euro
is bearish but trading at the lows of the range
which means we will be looking for bear-traps
to buy the lows, and sellers will need to stay patient to get up off the lows
before selling again at resistance levels overhead.

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