Momentum Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

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Momentum Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Read the FULL Transcript of this Video & Download Charts on our Blog:
http://www.sidewaysmarkets.com/
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Crude Oil is range-bound and rotating back to the high of the range, and my focus is on buying opportunities using the ‘pendulum swing’ as my target for tomorrow.

E-Mini S&P is sideways with a triangle, telling me this market is balanced, and I should focus on failures both above and below the range for tomorrow.

Nasdaq is range-bound after an ugly session today, so my plan is to fade the breakouts using failures at the highs and lows tomorrow morning.

Gold is bearish and targeting the prior month close, and my plan is to look for selling-opportunities using buyer-failures up above the moving-average tomorrow.

Euro is bearish with a strong move lower, and I have my eyes on a reversal-line overhead for selling-opportunities on the way down to the prior week low.

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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

MARTIN STRANGE says:

Can you tell us how markets can move more on low volume than when higher volumes occur?
This is how the powers that be manipulate markets to an extent i think…

Joseph James says:

Beautiful example of the "okie doke" fake-out on Gold… if you watched this video you were ready to capitalize on it! Awesome job!!

SID says:

hi jj ,i appreciate your work
while making video ,you too come on the screen (any corner of the screen)
its always good to see you bro

Louis Hibbs says:

or is the S&P tanking to 2535

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