Range Trading, Why Size Always Matters
Friday’s trading session is just around the corner, and with strong momentum, combined with trading ranges, I can see plenty of reliable trading opportunities…
Crude Oil has two ranges stacked on top of each other, Gold’s range is extra small which is a big clue, and the Emini’s have ranges for both entry patterns and exit targets; I’m excited for trading tomorrow morning, are you ready? Let’s go…
Crude Oil Combines Two Ranges…
Crude Oil is bearish and trading in the middle of a wide trading, which tells me to buy low, sell high, and avoid the middle…
Knowing this, the width of this range is the big clue, telling me that momentum will be a factor as we rotate back and forth, and I need to chose my entry set-up wisely…
E-Mini S&P Ranges Tell the Story…
E-Mini S&P is bullish and tying to re-test the range from earlier this morning, so I’m looking for buying opportunities at support levels tomorrow morning…
And speaking of support levels, I can see another range just below us, which will be ideal for planning my entry set-up, I just need the pullback…
Nasdaq Bulls Wait for a Pullback…
Nasdaq is bullish and grinding higher at the top of a new hidden-channel, which tells me to look for buying opportunities on the next pullback to support…
And just like the Emini ES, the Nasdaq has a range waiting below it, which I want to use as key support for a long set-up going back to the range from earlier this morning…
Gold Can’t Break Free of this Range..
Gold is bullish and trying to complete a measured-move target overhead, but it’s struggling to break free of a narrow trading-range from earlier today…
That narrow range is a big clue, telling me that buyers will be waiting for a much bigger breakout to get the risk-reward ratio they need, and I need to stay patient for that and not get too aggressive.
