Markets are “bouncing” off their lows tonight, and with just enough momentum to keep the sellers interested, combined with obvious clues to get the buyers nibbling, something tells me we’re going to see a battle for control going into Tuesday’s session – and as always, I’ve got the perfect trading plan!
Continue readingWhy go through the hassle of combining multiple strategies? Because trading is all about finding the most reliable support and resistance levels, and when you combine both of these strategies you get a rock-solid plan for Friday’s trading session.
Continue readingPrice Rejection tells me when to look for the reversal, which tells me the best entry location, and provides the best final target on the trade.
Continue readingWe’re back in the action once again after a Holiday Weekend, and this time we’re watching key levels of confluence for the most reliable trades on Wednesday morning… Crude Oil appears bearish at first glance, but the recent 123-Reversal tells me to look for the beginning of a short-covering rally using a key support […]
Continue readingWe’re getting prepped for Friday’s trading session, and with the holiday on Monday, we know tomorrow is most likely going to be a short, but explosive trading session – let’s get ready! Crude Oil is bullish with a strong spike higher, so my plan is to wait for buying opportunities after a ‘2-legged […]
Continue readingWhy is the pendulum swing so important? Because it gives me the perfect locations to look for buying and selling opportunities back and forth from top to bottom of a trading range.
Continue readingWhat’s the key to trade a reversal? First you need to include a key support/resistance level for the set-up. Then you need to wait for the two-try-rule, but the most important part of the trade is the TRAP!
Continue readingCrude Oil is bearish, but look closely at the chart and you quickly realize this might just be a great time to look for longs (with the right set-up) tomorrow morning. E-Mini S&P is bullish with a range, so I’m looking for buying opportunities below the range low using a seller-failure pattern. Nasdaq […]
Continue readingWhy is the market’s objective so important? Because it tells me where my entries need to be, where my best target will be, and most importantly, where to STOP trading and wait for more information.
Continue readingTrading the Spike & Channel Pattern is all about waiting for a deep pullback, followed by a failure set-up for the entry.
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