What’s the easiest and most effective way to increase your odds of success?
It’s simple, really – focus on trades that allow you to “risk small to earn large”
And after another round of BIG MOVES on the charts today, it’s easy to see some prime …
What’s the easiest and most effective way to increase your odds of success?
It’s simple, really – focus on trades that allow you to “risk small to earn large”
And after another round of BIG MOVES on the charts today, it’s easy to see some prime locations for us to “risk small to earn large” tomorrow morning – Are you ready?
--------------------
Learn the Patterns with My Free Trading Course:
http://www.schooloftrade.com/trial
-----------------------------------------
Crude Oil is bearish into a trading-range this evening, which tells me to look for sell set-ups above the high of the range, preferably in my battle-zone waiting overhead…
But the real interesting part will be if we go lower – where I have a strategic support trend-line waiting to be used in combination with my “nested’ failure set-up to get long back into the range again.
E-Mini S&P is bullish with a strong run higher, which tells me that any decent pullback below the moving-average is going to be seen as a reliable buying opportunity with a target going back to re-test the high.
I'm also keeping an eye on this range from earlier in the week, which is just a few points higher, and if we make it up that far, I need to start adjusting the strategy to focus on buy set-ups below the range, making sure to avoid the middle.
Nasdaq is bullish and ran all the way up into the range from earlier this week, which tells me to wait patiently for a relatively-deep pullback so I'm not buying inside the range tomorrow morning.
And if price really wants to run, the next target is back to 8000, and will most likely be into a Spike & Channel, which tells me to wait for the “trap low” for the most reliable buy set-up to finish the run.
Gold is bullish with a strong run higher up to a large measured-move target which is considered major resistance, and tells me I need to wait for a pullback to key support levels for a reliable buy set-up on Friday morning…
And speaking of key support levels, this channel is..
