Plan the Exit Before Entry

I’m seeing TIGHT spaces on the charts tonight, and with very little breathing room, I need to plan my EXITS before I look for ENTRIES on Friday morning…

Crude Oil is Bearish – Do You See That Channel?

Crude Oil is bearish with the combination of a trading-range and bear channel, which tells me to look for ways of selling the high of BOTH patterns tomorrow morning.

E-Mini S&P is Bearish, But Watch That Reversal!

E-Mini S&P is bearish and trading at the low of a range, which means I’m looking for buying opportunities, but this momentum is way too strong to start buying until I see the sellers start to FAIL.

Nasdaq is Bearish and Looks Like it Wants More!

Nasdaq is bearish and still trying to finish its second leg lower, which tells me to stay patient and wait for the bears to finish their mission before looking for a short-covering rally going back up to the high.

Gold is Bearish & I’m Waiting for a Pullback

Gold is bearish with a strong run lower, which means I’m looking to sell levels of resistance, and I have my eyes on the combination of a Hidden Channel and falling resistance trend-line for the best sell set-ups on Friday.

Euro is Range-Bound So Fade the Breakouts!

Euro is bullish and range-bound this evening, which tells me to look for seller-failures to buy the low of the range, and stay patient waiting for the “nested” failures to sell off the high.

“The more you seek security, the less of it you have. But the more you seek opportunity, the more likely it is that you will achieve the security that you desire.”