October 15, 2015
- in Uncategorized by schooloftrade
Friday Trading Plan | Crude Oil, Gold, E-mini & Euro Futures 10/15/15
“Good enough… ‘aint good enough anymore!”
Notes for Tonight’s Newsletter:
Crude
Oil is bullish after sellers failed at yesterday’s range-lows and now we
have a strong bullish trend going into Friday’s session. We have completed the measured-move
higher, so the best buying opportunities will come after a measured-correction
off the highs into support
zones below. Keep an eye on the volume-pullback
area around 46.00 and be aware that a failure will send us back to the lows at
45.29.
Oil is bullish after sellers failed at yesterday’s range-lows and now we
have a strong bullish trend going into Friday’s session. We have completed the measured-move
higher, so the best buying opportunities will come after a measured-correction
off the highs into support
zones below. Keep an eye on the volume-pullback
area around 46.00 and be aware that a failure will send us back to the lows at
45.29.
E-mini
S&P is extremely bullish this evening after buyers ran the
stops above the big-round-number at 2000, so our plan will be to look for a
measured-correction into volume-support
on Friday. This market has pushed higher
so quickly today that we can only wait for the next buying opportunity after a deep-pullback,
and with the highs of the range lining up perfectly with the 2000
level this will make for an easy opportunity to look for new trades.
S&P is extremely bullish this evening after buyers ran the
stops above the big-round-number at 2000, so our plan will be to look for a
measured-correction into volume-support
on Friday. This market has pushed higher
so quickly today that we can only wait for the next buying opportunity after a deep-pullback,
and with the highs of the range lining up perfectly with the 2000
level this will make for an easy opportunity to look for new trades.
Gold is
range-bound with a slight bullish tone this evening which means our plan
will be to fade
all breakouts using range levels, including range-expansions
on Friday. Buyers have been busy this
week pushing this price higher and it appears they finally found a resting
place for the short-term. Our plan is to
use failure patterns to fade
the breakouts while keeping an eye on the ‘2-try-rule’
to qualify a breakout… and $1200 is just a slight push higher!
range-bound with a slight bullish tone this evening which means our plan
will be to fade
all breakouts using range levels, including range-expansions
on Friday. Buyers have been busy this
week pushing this price higher and it appears they finally found a resting
place for the short-term. Our plan is to
use failure patterns to fade
the breakouts while keeping an eye on the ‘2-try-rule’
to qualify a breakout… and $1200 is just a slight push higher!
Euro is
range-bound this evening with a clear volume profile that give us some
great clues for where the range-rotation
will likely occur tomorrow. We can see
the moving-average flattened out twice today, and in between we saw the sellers
grab control, which has created a double-distribution
of volume which is our best clue for range-rotation
tomorrow. Our plan will be to buy the
lows and sell the highs, looking for failures to push outside this volume range.
range-bound this evening with a clear volume profile that give us some
great clues for where the range-rotation
will likely occur tomorrow. We can see
the moving-average flattened out twice today, and in between we saw the sellers
grab control, which has created a double-distribution
of volume which is our best clue for range-rotation
tomorrow. Our plan will be to buy the
lows and sell the highs, looking for failures to push outside this volume range.
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