Best Range Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

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Best Range Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Crude Oil is bearish with a strong spike lower which appears to be ending in a range this evening, so my plan is to look for buyer-failures using the ‘2-Try Rule’ as sellers wait for more attractive prices up in the ‘battle zone’ tomorrow morning…

E-Mini S&P is range-bound with a triangle pattern tonight, so I’m staying patient to fade the breakouts, buying low, selling high, and avoiding the middle tomorrow morning…

Nasdaq is range-bound and trading sideways tonight, telling me to buy the low, sell the high, and avoid the middle tomorrow morning…

Gold is bearish and trying to finish a measured-move target, and I have my eyes on selling-opportunities using the high of a “hidden channel” tomorrow morning…

Euro is bearish, but we’re trading below the low of a range this evening, which tells me to look for buying opportunities using the ‘2-Try Rule’ or selling-opportunities using a Spike & Channel 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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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 RULE 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.

Comments

Joseph James says:

Dont forget! most breakouts are going to FAIL – the best plan is to use the 2-try rule and FADE FADE FADE those breakouts until proven otherwise with STRENGTH!

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