Boxed-In Trading Strategy

We have big moves on the charts, and big news scheduled for tomorrow morning, which means we need to be ready for anything…

But the biggest clue I see on the charts is a beautiful “boxed in” set-up on one of our favorite futures markets – are you ready?

Crude Oil Bears Are in a Tight Spot

Crude Oil is bearish and trading at the low of a wide range, telling me buy the low, sell the high, and avoid the middle of this range on Wednesday…

Knowing this, I’m looking to sell the high with a classic buyer-failure set-up, but on the lows I need to be more patient buying the lows, so I’ll use a “nested” variation instead.

E-Mini S&P Bulls Got What They Wanted – Now What?

E-Mini S&P is bullish with a Spike & Range pattern, telling me to look for buy set-ups using the battle-zone waiting below the range…

And if price continues to push higher, I need to resist the temptation to “chase it” higher and wait to buy the pullback to the low of a new Hidden Channel.

Nasdaq Buyers Still Look Hungry for More!

Nasdaq is bullish with a strong Spike & Channel, and with the psychological number of 8,000 just a few points overhead, it looks likely that the bulls will get there sometime this week…

The challenge, however, is it’s too late to buy this market – the more reliable strategy is to wait for the pullback down in the “base” of the channel, which is a much better risk-reward-ratio.

Gold Sellers Are Almost “Boxed In”

Gold is bearish and just a few points off the major support at 1478, which isn’t a very wise place to start selling because there’s not much left for the move to go…

Knowing this, I’m looking for a potential “boxed-in” situation to develop overnight – starting with a higher-low, a rising support trend-line, and a seller-failure off the low of a new Hidden Channel.

“Success Does Not Consist In Never Making Mistakes, But In Never Making The Same Mistake A Second Time.”