We saw some incredible price-action today with lots of reliable opportunities, but as I look forward to Wednesday, I can see a challenge on the horizon - we’re trading at the major extremes…
With Gold sitting on it’s weekly low, the Emini and Crude…
We saw some incredible price-action today with lots of reliable opportunities, but as I look forward to Wednesday, I can see a challenge on the horizon - we’re trading at the major extremes…
With Gold sitting on it’s weekly low, the Emini and Crude Oil re-testing the blood-bath highs, we assume these price levels have a lot at stake for tomorrow…
Whenever I find myself trading at the extremes, I know I need to stay patient, because rookies will often get too aggressive in these locations, which gives a patient professional the opportunity to capitalize – are you ready? Let’s go…
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Crude Oil is bullish, but we’re trading directly into the major high of this week’s range, which is a HUGE psychological level for both sides of the market…
Knowing this, I can't buy into these highs, I need to wait for a pullback to the low of a new hidden-channel and look for an opportunity to buy into the stops of the counter-trend sellers…
E-Mini S&P is bullish and trading at today’s major high, which is a great place for buyers to take profit, and a horrible place for me to start buying more…
Knowing this, I'd rather to wait to buy the low of a new hidden-channel after a 123-Breakout because that will be a lot more reliable.
Gold is bearish, but we’re trading right into last week’s major low, a great place for sellers to take profit, and the last place I want to start selling more…
Knowing this, I'd rather wait for a bounce off this support level, then wait for the buyers to confuse that with a reversal so I can get short into their stops for a collapse back down to the lows.
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