Qualify the Next Winning Trade

We’re headed into the last full day of trading on Wednesday with Crude Oil and Gold going sideways while the E-minis keep trending higher… And I’m expecting a busy session tomorrow morning, which means I need to keep focused on these four rules to qualify a winning trade. Are you ready?

Which Levels Can I Trust?

Crude oil is range-bound, the E-Minis are back to all-time highs, and Gold is hunting for a re-test of monthly lows…

But no matter which market you’re watching, the key to our success relies on one thing – finding reliable support & resistance levels we can trust for our entries – are you ready?

Best Indicator for Range-Bound Markets

Emini, Nasdaq and Gold are all range-bound, while Crude Oil just keeps running higher, which tells me to be prepared for range-bound markets going into Friday’s session…

And whenever I see of sideways, balanced markets like these, I need to focus on using the most reliable indicator for range-bound markets – are you ready?

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Crude Oil is bullish and hasn’t stopped running higher for two straight days, which tells me we’re either going to get a deep pullback off the highs, or a sideways, range-bound market on Friday morning…

But no matter which scenario we get, the key is waiting for a pullback off these highs, because buyers are waiting to buy the dip on Friday morning…

E-Mini S&P is sideways and range-bound this evening, which tells me to focus on buying low, selling high, and avoiding the middle on Friday morning…

And my favorite entry pattern for range-bound markets is always a failure pattern, buying into the stops of the bears, and selling the buyer-failures with the target back to the opposite side of the range.

Nasdaq is range-bound and sideways this evening, which tells me to buy the low, sell the high, and avoid the middle on Friday morning…

And to accomplish that, I have my eyes on support & resistance levels using an expanding triangle pattern on the chart.

Gold is slightly bearish as price grinds lower, but look closely and you can see we’re sitting below the weekly range, which means this market could rip higher at any moment…

Knowing this, I’m going to respect the bearish momentum and focus on a crown reversal pattern to get long off these lows on Friday morning.

4 Habits of Successful Traders

Crude Oil, Emini, and Nasdaq all got the 123-reversal and ran higher into the close this afternoon, with Gold still trying to break free of this week’s range…

But even though these markets are so bullish, I don’t want to chase them higher because I know the sellers are waiting for another shot to take it lower…

My plan is to wait for those sellers to try that next shot lower, and buy into their stops for a short-covering rally back to the highs tomorrow morning – are you ready?

Plan the Exit Before Entry

We have ranges on the E-Minis and trends on Gold and Oil, which tells me the best trading strategy for Wednesday morning…

But one of the big clues I see on today’s charts is that most of these markets are running into major s/r levels, which reminds me to plan my exit price in order to know the best entry set-up – are you ready?

Better Entries with 2-Try Rule

Markets are gearing-up for the final full week of trading for November, and with the Eminis continuing to push new highs, Oil rotating inside a range, and Gold trying to run back to 1500, we have plenty of trap setups on our radar for tomorrow morning…

But there’s one big clue that stands out on the charts this evening, and that’s how this “Two Try Rule” continues to give us the best entry set-ups in our trade room, and I have a feeling that “Two Try Rule” is going to be a big component for Tuesday as well – are you ready?

#1 Trading Rule for Friday Morning

Momentum is playing a key role in my trading strategy for Friday morning – with Gold, Oil, and E-Minis all finishing today’s session with strong impulse moves…

Those momentum moves tell me exactly what type of set-ups I want to be looking for tomorrow, but Friday mornings different than other days of the week – it’s all about MINDSET – are you ready?

Is This a Pullback or Reversal?

We had a lot of deep pullbacks to finish today’s session, and one question on my mind going into Wednesday morning – is this a pullback or a full reversal?

The answer to that question is important, because a reversal tells me I should be selling this move lower on Oil and the E-minis, and buying this move higher on Gold…

So what’s the trick? How do you know if this late-session move is a pullback or is it a full-blown reversal? And what’s the best strategy? I’ve got you covered in tonight’s newsletter – are you ready?

Don’t Fall for the Rope-a-Dope

Oil and Nasdaq are back to their weekly ranges, E-Mini S&P looks ripe for a re-test of all-time highs, and Gold is trying to pull the “Rope-a-Dope” on the trend-followers…

And don’t forget, Monday is Veteran’s Day so we gotta make every set-up count on Friday morning – are you ready?

Is Market Context the Holy Grail of Trading?

Market context is the ONLY real “holy grail” for day trading, because the right context turns even the worst entry patterns into winners, while going against the context will cause great setups to fail – do you know the context of the market YOUR trading right now?