November 4, 2015
- in Uncategorized by schooloftrade
6 Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 11/04/15
“Would you like me to give you a formula for success? It’s quite
simple, really; Double your rate of failure. You are thinking of failure as the
enemy of success. But it isn’t at all. You can be discouraged by failure or you
can learn from it, so go ahead and make mistakes. Make all you can. Because
remember that’s where you will find success.”
simple, really; Double your rate of failure. You are thinking of failure as the
enemy of success. But it isn’t at all. You can be discouraged by failure or you
can learn from it, so go ahead and make mistakes. Make all you can. Because
remember that’s where you will find success.”
Notes for Tonight’s Newsletter:
Crude
Oil is bearish once again after today’s inventory
report interrupted the measured-correction off yesterday’s highs, and we find
ourselves with a measured-move
and bear-channel down into a trading-range
going into tomorrow’s session. Our plan
will be to fade
the moves higher using buyer-failures to sell around resistance levels
overhead.
Oil is bearish once again after today’s inventory
report interrupted the measured-correction off yesterday’s highs, and we find
ourselves with a measured-move
and bear-channel down into a trading-range
going into tomorrow’s session. Our plan
will be to fade
the moves higher using buyer-failures to sell around resistance levels
overhead.
E-mini
S&P is bearish this evening with a measured-move
and bear-channel down today so our plan will be look for buyers to fail after a measured-correction
higher. The long-term trend is bullish,
which means today may be nothing more than profit-taking off yesterday’s highs,
which is why we will be looking for buyer-failures
to sell short tomorrow no matter which direction we go.
S&P is bearish this evening with a measured-move
and bear-channel down today so our plan will be look for buyers to fail after a measured-correction
higher. The long-term trend is bullish,
which means today may be nothing more than profit-taking off yesterday’s highs,
which is why we will be looking for buyer-failures
to sell short tomorrow no matter which direction we go.
Gold
is bearish and trading at the lows of a major bear-channel so our plan is to
stay patient for channel-rotation
back to the highs of the channel where we will look for the next round of
selling opportunities. We will look for
a measured
correction back to the highs of the channel and possibly up to the bull-trap
we saw at 1116.6 earlier today for the best selling opportunities going with
this trend.
is bearish and trading at the lows of a major bear-channel so our plan is to
stay patient for channel-rotation
back to the highs of the channel where we will look for the next round of
selling opportunities. We will look for
a measured
correction back to the highs of the channel and possibly up to the bull-trap
we saw at 1116.6 earlier today for the best selling opportunities going with
this trend.
Euro
is bearish this evening so our plan will be look for counter-trend
traps as buyers try to take price up off the lows. We have plenty of resistance
areas overhead and we will wait patiently for a test of resistance, followed by
failures
from the buyers for the best selling opportunities tomorrow.
is bearish this evening so our plan will be look for counter-trend
traps as buyers try to take price up off the lows. We have plenty of resistance
areas overhead and we will wait patiently for a test of resistance, followed by
failures
from the buyers for the best selling opportunities tomorrow.
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