We started the week with another volatile session, telling me to make small adjustments in my trade management, and gets me excited for another great week of opportunities ahead…
But with all this volatility and scary news headlines, it’s easy to lose your focus on what’s important…
The key is to “listen to the story” being told in the price-action, because the “story” provides clarity, and most importantly, it tells me exactly where to find the best set-ups for Tuesday – are you ready?
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Crude Oil is bearish, and at first glance, appears to be running back to re-test today’s low, but when you “listen to the story” in the price-action, you can see we’re trading at the low of a range, which isn’t a reliable place to sell…
Knowing this, I'm looking to buy the range low using a seller-failure pattern, or if the bears can hold this pullback, I'll sell the high of the next hidden-channel.
E-Mini S&P is bearish, and at first glance, looks good for a sell off the high of the channel overhead, but “listen to the story” and you can see we’re at the low of today’s range, a horrible place to be a seller…
Knowing this, I'm going to wait for a more reliable place to sell, such as the high of the range we’re in, or the high of the expanding triangle…
And if price keeps pushing lower, I'll wait for the 123-Breakout to confirm, followed by a short off the high of the new hidden-channel.
Gold is bullish and trading in the middle of a range, which tells me to buy low, sell high, and avoid the middle tomorrow morning…
Knowing this, the “story being told” tells me to ride the momentum of this market, and the best place to get long is below the range using a seller-failure pattern…
And if price tries to push higher, I'll look for a 2-Try Trap pa..
