November 10, 2015
- in Uncategorized by schooloftrade
7 Trades for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 11/09/15
“Believe in yourself! Have faith in your abilities! Without a
humble but reasonable confidence in your own powers you cannot be successful or
happy.”
humble but reasonable confidence in your own powers you cannot be successful or
happy.”
Notes for Tonight’s Newsletter:
Crude
Oil is bearish with a late-session trading-range which means our
plan tomorrow will be to look for selling opportunities at resistance areas
above using buyer-failures
and reversal
patterns to follow the trend back down.
The most important levels overhead will be the range-expansions
at 44.45 and 44.83 because the day ended in a clear trading range.
Oil is bearish with a late-session trading-range which means our
plan tomorrow will be to look for selling opportunities at resistance areas
above using buyer-failures
and reversal
patterns to follow the trend back down.
The most important levels overhead will be the range-expansions
at 44.45 and 44.83 because the day ended in a clear trading range.
E-mini
S&P is bearish with a spike
& channel down in today’s session so we expect to see a profit-taking
correction up off the lows, followed by buyers failing to buy the pullbacks
for the best selling opportunities tomorrow.
Remember this correction could be quite large, so stay patient for those
buyer-failure
and reversal
patterns up around 2088.00 overhead.
S&P is bearish with a spike
& channel down in today’s session so we expect to see a profit-taking
correction up off the lows, followed by buyers failing to buy the pullbacks
for the best selling opportunities tomorrow.
Remember this correction could be quite large, so stay patient for those
buyer-failure
and reversal
patterns up around 2088.00 overhead.
Gold
is range-bound
and sideways this evening with not much to work with so our plan will be to ‘fade’
all the breakouts using failure patterns tomorrow. We have some interesting levels above and
below to use for reversals; the PLOD
is down below and the NFP-news
gave us 2 levels above to use for areas of resistance, so stay patient and fade
those breakouts until the ‘2try
rule’ confirms a new direction.
is range-bound
and sideways this evening with not much to work with so our plan will be to ‘fade’
all the breakouts using failure patterns tomorrow. We have some interesting levels above and
below to use for reversals; the PLOD
is down below and the NFP-news
gave us 2 levels above to use for areas of resistance, so stay patient and fade
those breakouts until the ‘2try
rule’ confirms a new direction.
Euro
is sideways with a trading-range
and price-wedge to work with
tomorrow, so our plan will be to sell the highs and buy the lows using failure
patterns until we see the ‘2-try
rule’ confirm a breakout in one direction.
Our biggest clues are the wedge, which will get narrower each
candlestick, the PLOD,
and the news candle from Friday’s Non-Farm Payroll report.
is sideways with a trading-range
and price-wedge to work with
tomorrow, so our plan will be to sell the highs and buy the lows using failure
patterns until we see the ‘2-try
rule’ confirm a breakout in one direction.
Our biggest clues are the wedge, which will get narrower each
candlestick, the PLOD,
and the news candle from Friday’s Non-Farm Payroll report.
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