Open Loop Trading Strategy; Time Entries Like a Pro

Yesterday’s bear markets quickly turned bullish with 123-Reversal moves today, giving the bulls control, and telling us to look for buy setups on deep pullbacks tomorrow morning…

The biggest clue, however, are all the “Open Loops” on the charts; that tells us that momentum will be key to timing our entries properly on Thursday, are you ready?  Let’s get started… 

E-Mini S&P Buyers Need a DEEP Pullback…

E-Mini S&P is bullish into a narrow trading-range;  with the bulls in control, my goal is to get long off support levels below the range, and since the range is so narrow, I need to wait for deeper pullbacks to free up enough space…

Crude Oil Buyers Have an Open Loop to Close…

Crude Oil is bullish into a range, but we finished the session with a strong run higher; the range tells me to look for entries getting long off support levels below the range, but this recent spike higher tells me there might be more aggressive entries using traps…

Gold Bulls Want to Get Long, But Watch Momentum…

Gold is bullish into a trading-range, ending the session with a strong move lower; the bulls have control, so I’m looking to buy pullbacks to support levels below the range, but this recent pullback is so strong that I need to wait for a specific type of failure pattern…