January 26, 2016
- in Uncategorized by schooloftrade
FOMC Day Trading Strategy | Crude Oil, Gold, E-mini & Euro Futures 01/26/16
“I learned
at a very early age, that if you worked harder than your current pay-level you
would soon be promoted and paid at the level you are working and wish to be
paid. The secret is simple, just apply
the effort and be ready for the opportunity.”
at a very early age, that if you worked harder than your current pay-level you
would soon be promoted and paid at the level you are working and wish to be
paid. The secret is simple, just apply
the effort and be ready for the opportunity.”
Notes for Tonight’s Newsletter:
Crude
Oil is bearish after collapsing off today’s highs which tells us to look
for the next pullback
to hold for the bears to have confidence going back to the $29 lows today. The bulls had control the entire session today
with a channel,
three pushes higher into a measured-move
before the API# was released at 4:30pm EST and price collapsed with some
SERIOUS strength to it, telling us the bulls walked away with their profit from
today and the sellers are left to finish the move back to $29.00. Sellers will look for the next test of the moving-average
to hold while the buyers will be looking for the sellers to fail at the next
pullback to make an attempt back to re-test today’s 32.41 highs.
Oil is bearish after collapsing off today’s highs which tells us to look
for the next pullback
to hold for the bears to have confidence going back to the $29 lows today. The bulls had control the entire session today
with a channel,
three pushes higher into a measured-move
before the API# was released at 4:30pm EST and price collapsed with some
SERIOUS strength to it, telling us the bulls walked away with their profit from
today and the sellers are left to finish the move back to $29.00. Sellers will look for the next test of the moving-average
to hold while the buyers will be looking for the sellers to fail at the next
pullback to make an attempt back to re-test today’s 32.41 highs.
E-mini
S&P is bullish but today’s session ended with a trading-range
which tells us to look for bear-traps
at the highs and lows of the range for the most reliable opportunities
tomorrow. Today’s spike
& channel kept the buyers in control all day today, now the smart bulls
are waiting for a bearish correction to buy into seller-failures
tomorrow to complete the measured-move
up around 1910.00 ahead of the FOMC
Announcement at 2:00pm EST.
S&P is bullish but today’s session ended with a trading-range
which tells us to look for bear-traps
at the highs and lows of the range for the most reliable opportunities
tomorrow. Today’s spike
& channel kept the buyers in control all day today, now the smart bulls
are waiting for a bearish correction to buy into seller-failures
tomorrow to complete the measured-move
up around 1910.00 ahead of the FOMC
Announcement at 2:00pm EST.
Gold
is bullish and pulling-back after a successful test of the channel highs which
tells the buyers to wait for ‘rotation’
back to the lows to fill a GAP
before pushing higher again. We
can see the measured-move
and channel rotation higher which will have most of the bulls taking profit and
waiting for a cheaper price to buy more tomorrow. The bulls only needed 2 pushes to complete
the measured-move
today so a 3rd push may be coming before we get the correction lower and we
need to keep an eye out for a possible ‘runaway’ up to a price-magnet at 1136.2
if the buyers really want to push it.
The most reliable buying opportunities will come back at channel
lows.
is bullish and pulling-back after a successful test of the channel highs which
tells the buyers to wait for ‘rotation’
back to the lows to fill a GAP
before pushing higher again. We
can see the measured-move
and channel rotation higher which will have most of the bulls taking profit and
waiting for a cheaper price to buy more tomorrow. The bulls only needed 2 pushes to complete
the measured-move
today so a 3rd push may be coming before we get the correction lower and we
need to keep an eye out for a possible ‘runaway’ up to a price-magnet at 1136.2
if the buyers really want to push it.
The most reliable buying opportunities will come back at channel
lows.
Euro
is bullish after the buyers bought the correction off yesterday’s highs and now
we will look for profit-taking
at today’s highs before the next opportunities tomorrow. Just as expected, the buyers got ‘long’ after
the head-fake
at 8400 and now we see the target at range-highs is almost tested which should
result in profit-taking before the next leg higher. Buyers will look for a 2-legged-correction
after we test the resistance
overhead before buying more, and sellers need to see a lower-low
and hold a pullback
to even consider selling this market.
is bullish after the buyers bought the correction off yesterday’s highs and now
we will look for profit-taking
at today’s highs before the next opportunities tomorrow. Just as expected, the buyers got ‘long’ after
the head-fake
at 8400 and now we see the target at range-highs is almost tested which should
result in profit-taking before the next leg higher. Buyers will look for a 2-legged-correction
after we test the resistance
overhead before buying more, and sellers need to see a lower-low
and hold a pullback
to even consider selling this market.
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