November 11, 2015
- in Uncategorized by schooloftrade
8 Trades for Veterans Day | Crude Oil, Gold, E-mini & Euro Futures 11/10/15
“Nothing in the
world can take the place of Persistence. Talent will not; nothing is more
common than unsuccessful men with talent. Genius will not; unrewarded genius is
almost a proverb. Education will not; the world is full of educated derelicts.
Persistence and determination alone are omnipotent. The slogan ‘Press On’ has
solved and always will solve the problems of the human race.”
world can take the place of Persistence. Talent will not; nothing is more
common than unsuccessful men with talent. Genius will not; unrewarded genius is
almost a proverb. Education will not; the world is full of educated derelicts.
Persistence and determination alone are omnipotent. The slogan ‘Press On’ has
solved and always will solve the problems of the human race.”
Notes for Tonight’s Newsletter:
Tomorrow
is the Veteran’s
Day Holiday in the United States, and although most of our markets are open
for electronic trading, we expect volume to be VERY light and the window of
opportunity to be very small tomorrow morning, likely slowing down to a ‘crawl’
after 10:00am EST so be aware!
is the Veteran’s
Day Holiday in the United States, and although most of our markets are open
for electronic trading, we expect volume to be VERY light and the window of
opportunity to be very small tomorrow morning, likely slowing down to a ‘crawl’
after 10:00am EST so be aware!
Crude
Oil is range-bound
this evening, just like yesterday, so our plan remains the same; expect range-rotation,
use the 2-try-rule,
and focus on failure
patterns to catch traders on the wrong side of the market. As we expected, buyers got caught on the
wrong side of the market today, and now the sellers are trying to run down to
43.29 and 42.89 levels below, and if they fail we will be looking for buying
opportunities back to 44.49 and 44.89 on the opposite side.
Oil is range-bound
this evening, just like yesterday, so our plan remains the same; expect range-rotation,
use the 2-try-rule,
and focus on failure
patterns to catch traders on the wrong side of the market. As we expected, buyers got caught on the
wrong side of the market today, and now the sellers are trying to run down to
43.29 and 42.89 levels below, and if they fail we will be looking for buying
opportunities back to 44.49 and 44.89 on the opposite side.
E-mini
S&P is also trading inside a range
and the buyers have currently tried to rotate price higher to 2080.00 resistance which
means a failure
sends this price into the range below, and most likely gives the sellers a shot
at the low from Monday. If the buyers
are successful in their attempt, then we wait for more information to see where
they try to go from there.
S&P is also trading inside a range
and the buyers have currently tried to rotate price higher to 2080.00 resistance which
means a failure
sends this price into the range below, and most likely gives the sellers a shot
at the low from Monday. If the buyers
are successful in their attempt, then we wait for more information to see where
they try to go from there.
Gold
is sideways and using the same range
from Monday so our plan will continue to be selling the highs, buying the
lows,
using range-rotation
and the ‘2-try-rule’
as our guide. The sellers tried and
failed to test the range-expansion
at 1082.6 so the buyers undoubtedly see that and will try to push the sellers
out of the market with a push back to 1093.6 and possibly up to 1099.1 before
it comes back down again… we will look for more info at the test of 1093.6.
is sideways and using the same range
from Monday so our plan will continue to be selling the highs, buying the
lows,
using range-rotation
and the ‘2-try-rule’
as our guide. The sellers tried and
failed to test the range-expansion
at 1082.6 so the buyers undoubtedly see that and will try to push the sellers
out of the market with a push back to 1093.6 and possibly up to 1099.1 before
it comes back down again… we will look for more info at the test of 1093.6.
Euro
is range-bound
with the sellers rotating into the range-expansion
below Monday’s range so we will use the new range for rotation targets on
both sides tomorrow. Sellers tried twice
and were successful at reaching the 1.0686 range-expansion
support, which means we expect rotation inside this range with a bullish target
above and bearish targets below and we will use the ‘2-try-rule’
to tell us where we go next!
is range-bound
with the sellers rotating into the range-expansion
below Monday’s range so we will use the new range for rotation targets on
both sides tomorrow. Sellers tried twice
and were successful at reaching the 1.0686 range-expansion
support, which means we expect rotation inside this range with a bullish target
above and bearish targets below and we will use the ‘2-try-rule’
to tell us where we go next!
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