October 8, 2015
- in Uncategorized by schooloftrade
4 Trades for Friday | Crude Oil, Gold, E-mini & Euro Futures 10/08/15
“Change your thoughts and you change your world.”
Notes for Tonight’s Newsletter:
Crude
Oil is bullish after sellers tried twice to keep price moving lower, so
we’re looking for buying opportunities, but an un-filled
GAP tells us to stay patient on Friday.
The bull-channel tells us to look for buying opportunities at the
lows. The trading-range
has a bullish-bias which tells us to buy near the lows. The gap at 47.82 tells us price will TRY to
test this before going higher, which lines up perfectly with the channel and range-lows. Our plan is to look for sellers to fail
during the pullback for opportunities to buy.
Oil is bullish after sellers tried twice to keep price moving lower, so
we’re looking for buying opportunities, but an un-filled
GAP tells us to stay patient on Friday.
The bull-channel tells us to look for buying opportunities at the
lows. The trading-range
has a bullish-bias which tells us to buy near the lows. The gap at 47.82 tells us price will TRY to
test this before going higher, which lines up perfectly with the channel and range-lows. Our plan is to look for sellers to fail
during the pullback for opportunities to buy.
E-mini
S&P is bullish with 2 important channels and a measured-move for us to
use tomorrow. The key is waiting
for the measured-correction
off today’s new highs. The bullish trend
tells us to keep looking for buying opportunities, but today’s big push higher
tells us to stay
patient for a measured-correction with seller-failure
near channel lows for the best entries back up again to reach the major channel
highs.
S&P is bullish with 2 important channels and a measured-move for us to
use tomorrow. The key is waiting
for the measured-correction
off today’s new highs. The bullish trend
tells us to keep looking for buying opportunities, but today’s big push higher
tells us to stay
patient for a measured-correction with seller-failure
near channel lows for the best entries back up again to reach the major channel
highs.
Gold
is range-bound with a bullish bias, and after today’s bear-trap
missed the range-highs we expect to see the sellers make an attempt at the
lows, where we will be waiting for them to fail! Our job is to buy the
lows and sell the highs of this range, staying patient for ‘traps’ at the highs
and lows and watching the price-action closely at the lows to look for a
possible continuation lower to the support level below at 1122.2
and 1112.5
is range-bound with a bullish bias, and after today’s bear-trap
missed the range-highs we expect to see the sellers make an attempt at the
lows, where we will be waiting for them to fail! Our job is to buy the
lows and sell the highs of this range, staying patient for ‘traps’ at the highs
and lows and watching the price-action closely at the lows to look for a
possible continuation lower to the support level below at 1122.2
and 1112.5
Euro
is range-bound and potentially bullish
as buyers have tried twice; We have the best buying
opportunities at the lows of the range, or back above the range-highs on
Friday. The trading-range tells us to
buy the lows and sell the highs. The
buyers tried twice today so above the range-highs
we are bullish. The bullish channel
tells us to buy near the lows, but that puts us in the middle of the range so
we need to be patient for seller-failures before we buy the middle.
is range-bound and potentially bullish
as buyers have tried twice; We have the best buying
opportunities at the lows of the range, or back above the range-highs on
Friday. The trading-range tells us to
buy the lows and sell the highs. The
buyers tried twice today so above the range-highs
we are bullish. The bullish channel
tells us to buy near the lows, but that puts us in the middle of the range so
we need to be patient for seller-failures before we buy the middle.
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