October 26, 2015
- in Uncategorized by schooloftrade
7 Trades for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 10/26/15
“Strength
does not come from winning. Your struggles develop your strengths. When you go
through hardships and decide not to surrender, that is strength.”
does not come from winning. Your struggles develop your strengths. When you go
through hardships and decide not to surrender, that is strength.”
Notes for Tonight’s Newsletter:
Crude
Oil is bearish with a spike
and channel this evening which means we will expect a deep-correction off
today’s lows before the next leg down.
With today’s strong bearish
trend we know the sellers are in control, but the sellers who took this
price lower need to take their profit before we look for the next leg down this
week so buyers will look for seller-failure
during this correction, and sellers will look for buyers to fail after the
correction back up to the 44.50 area overhead.
Oil is bearish with a spike
and channel this evening which means we will expect a deep-correction off
today’s lows before the next leg down.
With today’s strong bearish
trend we know the sellers are in control, but the sellers who took this
price lower need to take their profit before we look for the next leg down this
week so buyers will look for seller-failure
during this correction, and sellers will look for buyers to fail after the
correction back up to the 44.50 area overhead.
E-mini
S&P is range-bound and sideways, so our plan will be to wait for failed
breakouts to sell new highs and buy new lows until we see a trend. This market is completely balance
so the plan is to buy lows, sell highs, and ‘fade’
the breakouts above and below the range with failure
patterns while using the ‘2 try rule’ to qualify a successful new trend to
follow.
S&P is range-bound and sideways, so our plan will be to wait for failed
breakouts to sell new highs and buy new lows until we see a trend. This market is completely balance
so the plan is to buy lows, sell highs, and ‘fade’
the breakouts above and below the range with failure
patterns while using the ‘2 try rule’ to qualify a successful new trend to
follow.
Gold
is range-bound this evening so our plan is to buy the lows, sell the highs, and
fade
all breakouts until we see the ‘2 try
rule’ qualify a successful breakout.
The buyers appeared to have control earlier in the session but their
failure tells us this market is just a range, and our next opportunity will
come after a sellers fail at the lows.
is range-bound this evening so our plan is to buy the lows, sell the highs, and
fade
all breakouts until we see the ‘2 try
rule’ qualify a successful breakout.
The buyers appeared to have control earlier in the session but their
failure tells us this market is just a range, and our next opportunity will
come after a sellers fail at the lows.
Euro
is bullish this evening trading inside a bull-channel
so our plan will be to look for buying opportunities at the channel lows while
price rotates from highs to lows. The
bullish spike
and channel, combined with volume analysis tell us the buyers are in
control, but the highs of this channel are never the best place to buy so we
will stay patient for a correction
back to the lows for the next buying opportunity with seller-failures
at the lows.
is bullish this evening trading inside a bull-channel
so our plan will be to look for buying opportunities at the channel lows while
price rotates from highs to lows. The
bullish spike
and channel, combined with volume analysis tell us the buyers are in
control, but the highs of this channel are never the best place to buy so we
will stay patient for a correction
back to the lows for the next buying opportunity with seller-failures
at the lows.
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