Is Market Context the Holy Grail of Trading?

Oil and the E-minis continue to rotate back and forth inside those expanding triangles, while Gold is gaining momentum for a short-covering rally…

But no matter what market you’re trading tomorrow morning, the key is to make sure your entry set-ups agree with the market’s context – are you ready?

Can The Bears Hold These Fresh Lows on Oil?

Crude Oil is bearish with a strong run lower, but looking at the market’s context and it’s easy to see we’re sitting on the low of the expanding triangle, which is a horrible place to start selling…

Knowing this, my plan is to wait for a Crown Reversal set-up to buy going back up into the range on Thursday morning…

123-Reversal Gives E-Mini Buyers Their Chance!

E-Mini S&P is bullish after a 123-Reversal sent the sellers running for cover, but now this bull market is way too high to start buying…

So my plan is to wait for a pullback to support levels, and I have my eye on the low of a new Hidden Channel down around 3070 tomorrow morning.

Back Into the Range on Nasdaq – Where’s the Best Entry?

Nasdaq is bullish and back inside the range from earlier this week, which tells me I need to sit-on-hands and wait for a better location to buy more tomorrow morning.

And since it’s a range, the key is buying at support levels below the range, such as the round number down at 8200.

Can Buyers Hold Off the Gold Bears for Another Day?

Gold is bullish and trading sideways with a narrow range, which tells me to look for buy set-ups under the range using “expansion” support levels…

And looking closer to the chart, those “expansion” levels line up perfectly with the low of a new Hidden Channel, so all we need is a pullback and the entry signal!

“The major value in life is not what you get. The major value in life is what you become. That is why I wish to pay fair price for every value. If I have to pay for it or earn it, that makes something of me. If I get it for free, that makes nothing of me.”