Wide Range Trading Secrets
I’m seeing a lot of trading-ranges on the charts tonight, which means our strategy for Thursday will be relatively simple; buy low, sell high, and focus on failures…
But did you see that Nasdaq today? The session ended with a WIDE trading-range, which can be tricky if you’re not prepared, so tonight I’m going to share some of my biggest secrets for trading those WIDE ranges on Thursday, are you ready?
Can the Oil Bears Spoil this Rally?
Crude Oil is bullish and trading just below a trading-range, which is a great place to find entries, but watch out, because that pullback off the highs was very strong, which tells me to respect the momentum of the bears before I get long…
Knowing this, I’m waiting for the sellers to finish their “second leg” before I try buying into their stops, and if they run it lower on strength, I’m waiting for a “nested” failure pattern to add another layer of protection.
Can the E-Mini Hold This Breakout?
E-Mini S&P is bullish and trading just above the high of today’s range, which is a horrible place to look for entries…
A better location to buy is below the range using a seller-failure pattern, but I need to pay close attention to how the market pulls back, because momentum will be a factor.
Nasdaq’s WIDE Range Strategy…
Nasdaq is bullish, and after a wild session, finished with a wide trading-range, which can be one of the most challenging conditions to trade if you’re not prepared…
But not to worry, those wide ranges are easy when you know the “secrets” I’m sharing in tonight’s video, so be sure to watch!
Gold Bears Waiting at the Highs…
Gold is bearish into a trading-range as well, telling me to sell the high using buyer-failures with a target down at the lows…
But did you see that support trend-line? That tells me to avoid selling the buyer-failure and wait for a bull-trap to get short up around the high of a new hidden-channel.
