Archive
Monthly Archives: February 2013
Monthly Archives: February 2013
Gold Chart Up_date Gold tumbled off the highs for an easy InsideOut Set-up short earlier this morning, and now the new lower-lows are failing and it looks like we may get an InsideOut Set-up long above the PLOD at 1668.0. Wait for the break of the swing-high at 1669.7 and look for the entry trigger […]
Continue readingMini-Russell Anchor Chart Prep We can see the Mini-Russell Futures trading just above the PHOD from Wednesday. We can see the doji candlesticks above the PHOD which tells us the buyers and sellers are confused. This candlestick pattern at the highs tells us that new higher-highs will bring the Wave Set-Up opportunity to get long, […]
Continue readingEuro Anchor Chart Prep The Euro has failed to breakout of the bear price-channel and created a new short term bearish price-wedge in the process. We are trading all the way from the PHOD down below the PLOD this morning, which means new lower-lows will give us the Wave Set-Up and a price-reversal will give […]
Continue readingGold Futures triggered a winning InsideOut Set-up short this morning in the European session and now the price-action sits in the middle of the range from yesterday. If you start trading gold in the US session we need to sit-on-hands and wait for the highs or the lows of the range to be tested again. […]
Continue readingCrude Oil Anchor Chart Prep We open our charts for Crude Oil this morning and we can see the big bounce off the lows from Wednesday and we are right back inside the range from the previous day. We can see the price-action broke above the PHOD and now collapsed back below the PHOD so […]
Continue readingIf you don’t know where you’re going, you’ll end up somewhere else. – Yogi Berra News for the day: This morning in the US trading session we have Jobless Claims News to get us started early in the session and we will be looking for trading opportunities before the markets open at 9:30am EST in […]
Continue readingMini-Russell Anchor Chart Prep We can see the Mini-Russell trading inside the range from yesterday and we have a price-wedge structure that will be our biggest clue this morning until something breaks the range highs or lows. The InsideOut Set-up will be on our radar if the sellers fail below the PLOD or the buyers […]
Continue readingGold Anchor Chart Prep The first thing we see this morning is the bull price-channel with 2 different highs, and a price-wedge that was broken to the up-side but failed and came back down inside so we will assume this is still in play. We are trading inside the range from Tuesday which means we […]
Continue readingEuro Anchor Chart Prep The euro is trading sideways in the middle of the range from Tuesday. We can see a price-wedge which is our biggest clue this morning, we want to sell-the-high at resistance and buy-the-lows at support of the price-wedge. The InsideOut Set-up is on our radar this morning because if we make […]
Continue readingCrude Oil Anchor Chart Prep The first thing we notice is the new lower-lows, trading outside of the range from Tuesday. This tells us to look for the Wave Set-Up and possibly the InsideOut Set-up if the sellers fail. We can see symmetry support below us at 94.80 which will act like a price magnet […]
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