One of the most effective ways to increase our winning percentages (and our confidence) is to combine multiple chart patterns, such as channels, ranges, and measured-moves.
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Learn the Patterns with My Free Trading Course:
http://w…
One of the most effective ways to increase our winning percentages (and our confidence) is to combine multiple chart patterns, such as channels, ranges, and measured-moves.
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Learn the Patterns with My Free Trading Course:
http://www.schooloftrade.com/trial
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Crude Oil is bearish, but look closely at the chart and you quickly realize this might just be a great time to look for longs (with the right set-up) tomorrow morning.
E-Mini S&P is bullish with a range, so I’m looking for buying opportunities below the range low using a seller-failure pattern.
Nasdaq is bullish with a perfect combination of a trading-range and a hidden channel for reliable buying opportunities off the low tomorrow morning.
Gold is range-bound with a triangle, which means I’m watching the edges of the range for key failure set-ups to fade the breakouts.
Euro is bearish with a range, so I’m looking to sell a key resistance level waiting up above the range high tomorrow morning.
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
PLEASE DO NOT TRADE DURING TIMES OF MAJOR ECONOMIC NEWS
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