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Blended Range Trading Strategy | Crude Oil, Emini, Nasdaq, Gold, Euro

Blended Range Trading Strategy | Crude Oil, Emini, Nasdaq, Gold, Euro We saw some big moves in today’s trading session, and those big moves gives us some big targets for Wednesday morning…

But the challenge for tomorrow morning is using these “blended” trading-ranges correctly – which requires us to thread the needle carefully – are you ready?
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Crude Oil is bearish with a strong spike lower, which tells me to look for another leg in the same direction…

And to find the entry, I'm watching to see what we get – whether it’s a range, channel, flag, or possibly a 123-Reversal.

E-Mini S&P is bearish into a trading-range, but look closely and we can see that there are two ranges on top of each other on this chart…

I call these “blended” ranges, and since the range from yesterday is above today’s range, my focus will be using seller-failures to buy the low of the most recent range.

Nasdaq is bearish into a wide trading-range, but look closely and you can see that just below this range are multiple support levels, and just above this range is the range from yesterday…

I treat these situations as “blended” ranges, and they tell me to use the support levels below the most recent range for buy set-ups going back up into the range from yesterday.

Gold is bearish and trading at the low of a channel, just a few points below the trading-range from yesterday…

But the real clue is the major support at 1402.7, which was just rejected by the bears, telling me to look for buy set-ups using a “nested” failure pattern.

Euro is bearish into a combination of three different chart patterns – a trading-range, Spike & Channel, and expanding triangle…

And all of these patterns give us key resistance levels for sell set-ups on Wednesday 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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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

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