October 27, 2015
- in Uncategorized by schooloftrade
5 Ways to Trade FOMC | Crude Oil, Gold, E-mini & Euro Futures 10/27/15
“Every time you stay out late; every time you sleep in; every
time you miss a workout; every time you don’t give 100% – You make it that much
easier for me to beat you.”
time you miss a workout; every time you don’t give 100% – You make it that much
easier for me to beat you.”
Notes for Tonight’s Newsletter:
Crude
Oil is range-bound this evening with a bearish-bias
going into tomorrow’s session, so our plan will be to wait for the buyers to
push this price higher and then look for failure
trades to sell it back down again.
Today’s selloff tells us the bears are in control, but the end of day trading
range tells us this market is balanced going into the closing bell so
tomorrow we expect buyers to try to push it higher, and if they fail we will be
waiting to sell it back lower.
Oil is range-bound this evening with a bearish-bias
going into tomorrow’s session, so our plan will be to wait for the buyers to
push this price higher and then look for failure
trades to sell it back down again.
Today’s selloff tells us the bears are in control, but the end of day trading
range tells us this market is balanced going into the closing bell so
tomorrow we expect buyers to try to push it higher, and if they fail we will be
waiting to sell it back lower.
E-mini
S&P is range-bound this evening so we are looking for opportunities to fade
all the breakouts ahead of tomorrow’s FOMC
announcement. We have a slight
bear-bias to this range but with tomorrow’s MAJOR news on-tap we know that
anything can happen and we have our eyes on the prior-week
highs up around 2073.00 for a possible ‘fade’
late in the session tomorrow.
S&P is range-bound this evening so we are looking for opportunities to fade
all the breakouts ahead of tomorrow’s FOMC
announcement. We have a slight
bear-bias to this range but with tomorrow’s MAJOR news on-tap we know that
anything can happen and we have our eyes on the prior-week
highs up around 2073.00 for a possible ‘fade’
late in the session tomorrow.
Gold
is range-bound with some bullish clues on the chart this evening which tells us
buyers are likely going to try and run
this higher, while smart traders will be waiting for them to fail to sell
back into today’s range. Gold will be
highly-affected by the FOMC
announcement so remember to get to the trades EARLY on Wednesday, if at
all.
is range-bound with some bullish clues on the chart this evening which tells us
buyers are likely going to try and run
this higher, while smart traders will be waiting for them to fail to sell
back into today’s range. Gold will be
highly-affected by the FOMC
announcement so remember to get to the trades EARLY on Wednesday, if at
all.
Euro
is range-bound this evening so our plan is the same, buying
lows, selling highs, and using FAILURE
patterns to do it ahead of the news tomorrow. We have trend
lines both above and below the range which will be excellent areas to look
for opportunities to fade
the breakouts of this range, just make sure you don’t trade too late in the
morning tomorrow because it will get nasty ahead of FOMC.
is range-bound this evening so our plan is the same, buying
lows, selling highs, and using FAILURE
patterns to do it ahead of the news tomorrow. We have trend
lines both above and below the range which will be excellent areas to look
for opportunities to fade
the breakouts of this range, just make sure you don’t trade too late in the
morning tomorrow because it will get nasty ahead of FOMC.
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