Visualization Strategy for Pro Traders
These markets continue to impress me this week, and with plenty of reliable chart pattern to work with, I’m getting excited for Thursday morning…
And to make sure I don’t miss the best entries tomorrow morning; I use a simple visualize exercise to make sure I have every angle covered –
are you ready?
Crude Oil Buyers are Waiting in the Battle Zone…
Crude Oil is bullish into a spike & channel pattern, which tells me to look for buy setup down in the base of the channel tomorrow morning…
But I’m also anticipating that, with such a strong run higher today, we may get a sharp pullback off today’s high, and I’ll need to use a “nested” failure setup…
Multiple Ranges Tell the Story on the E-Mini S&P…
E-Mini S&P is bullish into a narrow trading-range, which tells me to look for buy setups using failure pattern down in the battle-zone…
I can also see another range just below it, which will likely act as a magnet, drawing price even lower, so don’t get spooked by a deeper pullback, because that’s exactly where the pros will be waiting to get back on the bus!
Nasdaq Buyers are Waiting for that GAP Fill!
Nasdaq is bullish with a strong spike up into a narrow trading-range, which tells me to wait for a deep pullback off the highs to buy into the stops of the counter-trend sellers…
But look closer at the chart, you can see another important clue – a GAP from earlier this morning when everyone was still sleeping, and that GAP will most likely be where the most buyers will be waiting for re-entry on Thursday.
Gold Wants to Reverse – But Can the Bears Hold It?
Gold is bullish into a trading-range this evening, which tells me to look for buy setups underneath the range tomorrow morning…
But look closer at the chart and you can see the sellers just had a strong run lower, which tells me to anticipate more sellers coming in at the high of a new hidden-channel…
And that’s exactly what I’m looking for, because once those sellers try shorting off the channel high, it’s only a matter of time before they fail and price runs right back up into the range again!
“Goals are a means to an end, not the ultimate purpose of our lives. They are simply a tool to concentrate our focus and move us in a direction.
The only reason we really pursue goals is to cause ourselves to expand and grow.
Achieving goals by themselves will never make us happy in the long term; it’s who you become, as you overcome the obstacles necessary to achieve your goals, that can give you the deepest and most long-lasting sense of fulfillment.”
