We’re back in the action once again for the final week of August, and we’re still dealing with a lot of range-bound markets, most of which are extremely narrow…
Narrow ranges require us to be very specific with our entry points, because professiona…
We’re back in the action once again for the final week of August, and we’re still dealing with a lot of range-bound markets, most of which are extremely narrow…
Narrow ranges require us to be very specific with our entry points, because professional traders know that whoever gets the best entry usually wins – are you ready?
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Crude Oil is bearish, but we’re back a narrow trading-range, so I need to be careful where I look for the next sell set-up…
My goal is to sell off the high of a new Hidden Channel, but I need to avoid trading inside the range, so I may need to use the “limit in” technique to avoid the middle.
E-Mini S&P is bullish and trying to breakout to new highs, but we’re trading into key resistance at this morning’s high and I don’t want to force it…
A better plan is to wait for a 123-Breakout with a target up at the major range highs overhead, or wait for a rotation back to the low of the range and buy into a seller-failure set-up.
Nasdaq is bullish and trading just above the high of today’s range, which isn’t a very reliable place to start buying…
So my plan is to wait patiently for more information – buying underneath the range using a 2-Try Failure or waiting for a 123-Breakout and buying the pullback.
Gold is bearish into a narrow trading-range, which tells me to buy the low, sell the high, and avoid the middle…
But if you look “bigger picture” it’s easy to see the long-term trend is more bullish, giving us both options, buying low, and selling high tomorrow morning.
Euro is bearish with a 123-Reversal off today’s high, which tells me to look for a sell set-up using the high of the new Hidden Channel.
And if price keeps tumbling lower, I need to avoid chasing it lower, because the measured-move is waiting, so look for a trap-high sell set-up if it goes too far before the pullback.
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