January 12, 2016
- in Uncategorized by schooloftrade
6 Trades for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 01/11/16
“Learn how
to separate the majors and the minors. A lot of people don’t succeed because
they major in the minor things.”
to separate the majors and the minors. A lot of people don’t succeed because
they major in the minor things.”
Notes for Tonight’s Newsletter:
Crude
Oil is bearish this evening but with 3
pushes lower in today’s session we expect sellers to take profit at these
lows so our most reliable selling opportunity will come after a bullish correction
up off the lows. The ideal scenario
is to see price push higher and then fail to hold the pullback
so we can sell into the buyers’ stop-losses
tomorrow morning. keep an eye on the
short-term trading
range we see at the bottom of the chart and look for bull-traps
near the highs. buyers can look for
sellers to fail at the range-lows
for the best opportunities to buy these lows tomorrow.
Oil is bearish this evening but with 3
pushes lower in today’s session we expect sellers to take profit at these
lows so our most reliable selling opportunity will come after a bullish correction
up off the lows. The ideal scenario
is to see price push higher and then fail to hold the pullback
so we can sell into the buyers’ stop-losses
tomorrow morning. keep an eye on the
short-term trading
range we see at the bottom of the chart and look for bull-traps
near the highs. buyers can look for
sellers to fail at the range-lows
for the best opportunities to buy these lows tomorrow.
E-mini
S&P is range-bound
with a bear-bias this evening and rotating higher after testing the low of the
range which tells us to wait for a test of range-highs
and then look for buyers to fail so we can sell the highs. We will be focused on range-rotation,
the 2-try-rule,
and failure
patterns until we see the range break-down and a trend develop
tomorrow. The most important thing to
remember will be to let the buyers try twice at the highs and then sell into
their stops!
S&P is range-bound
with a bear-bias this evening and rotating higher after testing the low of the
range which tells us to wait for a test of range-highs
and then look for buyers to fail so we can sell the highs. We will be focused on range-rotation,
the 2-try-rule,
and failure
patterns until we see the range break-down and a trend develop
tomorrow. The most important thing to
remember will be to let the buyers try twice at the highs and then sell into
their stops!
Gold
is bearish as it tries to test Friday’s low with a bear-channel,
and we can see a range-undershoot
telling us to expect price to try to push all the way down the measured-move but we need to be
careful at the range lows before we get there.
If you look back at last Friday, you can see buyers failed to re-test
the range high at 1113.2
which is seen as weakness and the only thing standing in the way of a measured-move
target is the low of the range at 1092.0.
is bearish as it tries to test Friday’s low with a bear-channel,
and we can see a range-undershoot
telling us to expect price to try to push all the way down the measured-move but we need to be
careful at the range lows before we get there.
If you look back at last Friday, you can see buyers failed to re-test
the range high at 1113.2
which is seen as weakness and the only thing standing in the way of a measured-move
target is the low of the range at 1092.0.
Euro
is bearish with a spike
& channel on the first day of trading with the new
tick-format, telling us to look for selling opportunities at resistance
levels overhead on the way to completing the measured-move
target around Friday’s low. We started the
week trading with 1 additional decimal plan on the Euro futures
and volume was very light as a result.
We had a strong push lower that turned into a spike
& channel with possible major bear-channel telling us to look for
selling opportunities at resistance
overhead as well as the easy-money being made selling into failed pullbacks
as the bulls try and fail to pick a bottom.
is bearish with a spike
& channel on the first day of trading with the new
tick-format, telling us to look for selling opportunities at resistance
levels overhead on the way to completing the measured-move
target around Friday’s low. We started the
week trading with 1 additional decimal plan on the Euro futures
and volume was very light as a result.
We had a strong push lower that turned into a spike
& channel with possible major bear-channel telling us to look for
selling opportunities at resistance
overhead as well as the easy-money being made selling into failed pullbacks
as the bulls try and fail to pick a bottom.
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