The first week of March is filled with range-bound markets, which means my plan is to fade the breakouts using the ‘pendulum swing’ as our main locations for entries and exits going into Tuesday’s session.
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Learn the Patterns with …
The first week of March is filled with range-bound markets, which means my plan is to fade the breakouts using the ‘pendulum swing’ as our main locations for entries and exits going into Tuesday’s session.
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Learn the Patterns with My Free Trading Course:
http://www.schooloftrade.com/trial
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Crude Oil is range-bound and sideways this evening, which means the plan is quite simple going into Tuesday’s session – buying low, selling high, and avoiding the middle.
Knowing this, my goal is to wait for an attempted range breakout, then use the '2-Try Rule' to either buy the low or sell the high tomorrow morning.
E-Mini S&P is bullish after a 123-Reversal, which means the plan is to find key support levels to use in combination with buy set-ups tomorrow morning.
Knowing this, I have my eyes on the low of a Hidden Channel for an easy way to get long before we complete the ‘pendulum swing’ target overhead.
Nasdaq is bullish with a strong rally off today’s low, and the strength of this move tells me that I should be looking for buying opportunities on the next pullback for a re-test of the high.
Knowing this, I'm watching the previous two swing-lows on the chart because they line-up nicely with the low of this Hidden Channel.
The most important thing, however, is to make sure we get long BEFORE we complete the ‘pendulum swing’, because once the buyers complete their mission, it’s ANYONE’s guess where we go from there.
Gold is range-bound with a bear-bias, which tells me to look for selling-opportunities above the range high using buyer-failure patterns.
Another option is to look for the long-side below the range tomorrow morning, waiting for the sellers to push too low and then look to buy into the short-covering rally going back higher.
Euro is bearish with a strong move lower today, but the recent “rejection” off a key support level has the sellers backed into a corner going into Tuesday morning.
Knowing..
