We’re back in the action today for the start of September, but since Monday was a holiday, I'm looking for the opportunity to trade the “snap back” strategy on Wednesday morning – are you ready?
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Learn my Favorite Day Trading…
We’re back in the action today for the start of September, but since Monday was a holiday, I'm looking for the opportunity to trade the “snap back” strategy on Wednesday morning – are you ready?
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Learn my Favorite Day Trading Strategy with My Free Trading Course:
http://www.schooloftrade.com/trial
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Crude Oil is bullish after a 123-Reversal, which tells me to look for buy set-ups off the low of a new Hidden Channel…
And since Monday was a holiday, I'm looking to trade the “snap back” to Monday’s narrow trading-range for the target.
E-Mini S&P is sideways and range-bound tonight, which tells me to focus on buying low, selling high and avoiding the middle…
But where’s the best place to buy low and sell high? I'm watching the expanding triangle for the best support and resistance levels to use with failure set-ups tomorrow morning.
Nasdaq is sideways inside a narrow range, which tells me to buy the low, sell the high, and fade all the breakouts until one of them is successful…
The plan is simple – wait for the breakout (bullish or bearish) and look to trade back into the rang using the '2-Try Rule'.
Gold is bullish, but we ended today with a range going sideways, most likely because the buyers don’t want to buy into the major highs waiting overhead…
So the plan is to wait and buy the pullback, and to pin-point the best location, I'm looking to buy the low of a new Hidden Channel.
Euro is bullish into a trading-range, which tells me to look for buy set-ups below the range using a seller-failure pattern.
But if price keeps pushing higher, I need to avoid buying into the major resistance overhead, and the best entry set-up for avoiding the overhead resistance is a bear-trap.
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