October 20, 2015
- in Uncategorized by schooloftrade
8 Trades for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 10/20/15
“If you can imagine it, you can achieve it; if you can
dream it, you can become it.”
dream it, you can become it.”
Notes for Tonight’s Newsletter:
Crude
Oil is range-bound heading into the Inventory
Report on Wednesday which means we will be looking for failures to buy the
lows and sell the highs. Volume is
completely ‘balanced’
and this major bear-channel is considered a ‘phantom’ so we will look for
sellers to fail at the highs on the way up to the range-highs as this price
‘rotates’ from low to high and high to low.
We will keep an eye on the ‘2-try-rule’
to qualify a breakout of this range and will sit-on-hands at 10:30am EST
tomorrow for news.
Oil is range-bound heading into the Inventory
Report on Wednesday which means we will be looking for failures to buy the
lows and sell the highs. Volume is
completely ‘balanced’
and this major bear-channel is considered a ‘phantom’ so we will look for
sellers to fail at the highs on the way up to the range-highs as this price
‘rotates’ from low to high and high to low.
We will keep an eye on the ‘2-try-rule’
to qualify a breakout of this range and will sit-on-hands at 10:30am EST
tomorrow for news.
E-mini
S&P is range-bound this evening and completely balanced, so our plan is
to fade
the breakouts at the highs and lows using failure
patterns while watching for ‘traps’ at the highs of a phantom
channel. We will look for sellers to
fail at the range-lows for buying opportunities and buyers failing at the highs
for selling opportunities while price ‘rotates’
back and forth inside this range. We
will keep an eye on the ‘2 try
rule’ to qualify each breakout as well.
S&P is range-bound this evening and completely balanced, so our plan is
to fade
the breakouts at the highs and lows using failure
patterns while watching for ‘traps’ at the highs of a phantom
channel. We will look for sellers to
fail at the range-lows for buying opportunities and buyers failing at the highs
for selling opportunities while price ‘rotates’
back and forth inside this range. We
will keep an eye on the ‘2 try
rule’ to qualify each breakout as well.
Gold
is bullish with a short-term
range this evening which means we will be looking for bear-traps to buy the
lows of the range as well as the range-expansion
levels below. The bull-channel and
volume profile clearly define this bullish market, and the recent trading-range
gives us an easy location to look for sellers to try and fail tomorrow.
is bullish with a short-term
range this evening which means we will be looking for bear-traps to buy the
lows of the range as well as the range-expansion
levels below. The bull-channel and
volume profile clearly define this bullish market, and the recent trading-range
gives us an easy location to look for sellers to try and fail tomorrow.
Euro
is sideways and trading inside
a range ahead of tomorrow’s ECB-Meeting
so our plan is to buy lows and sell highs using failure patterns and range-rotations
tomorrow. The volume
profile clearly defines this ‘balanced’
market so we will look for sellers to fail at the lows and buyers to fail at
the highs using the highs and lows of the range along with range-expansion
levels above and below.
is sideways and trading inside
a range ahead of tomorrow’s ECB-Meeting
so our plan is to buy lows and sell highs using failure patterns and range-rotations
tomorrow. The volume
profile clearly defines this ‘balanced’
market so we will look for sellers to fail at the lows and buyers to fail at
the highs using the highs and lows of the range along with range-expansion
levels above and below.
· Join our Live Trade Room as a GUEST here
===========================================================
Want to see us trade LIVE? Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier Live trade-room as an Advanced Member
