Don’t Chase Trades, Wait for These Set-Ups Instead
We finished today’s session with strong runs into the closing bell, and it’s tempting to “chase trades” going higher, but that never ends well…
So rather than chasing the market higher, I’m waiting patiently for my most reliable entry set-ups to trade with confidence on Tuesday, are you ready?
Crude Oil Bulls Need to Hold This…
Crude Oil is bullish and trading at today’s high with a strong spike higher, which is tempting to chase, but I’d rather wait for a more reliable entry, such as a 2-Try Trap on the way up to the $50 round number.
E-Mini S&P Have Room to Run…
E-Mini S&P is bullish with a strong run higher, and it’s clear the buyers are hunting for the measured-move at 3120 but I can’t reliably chase the market higher, so I’m going to wait for the next pullback and buy into the stops of the counter-trend sellers…
Nasdaq Bulls Wait for a Range…
Nasdaq is bullish with a strong run higher into a measured-move, which usually results in a sideways range, and I’ll be looking to buy below the range using a seller-failure pattern.
Gold Bears Hunting for New Lows…
Gold is bearish and trying to re-test the weekly low, but this recent spike lower tells me it’s too late to chase it lower; I need to wait a pullback and sell off the high of a new hidden-channel.
