4 Ways to Trade a SPIKE | Crude Oil, Emini, Nasdaq, Gold & Euro

Share it with your friends Like

Thanks! Share it with your friends!

Close

Learn the Patterns with My Free Trading Course:
http://www.schooloftrade.com/trial
—————————————–
4 Ways to Trade a SPIKE | Crude Oil, Emini, Nasdaq, Gold & Euro
——————–
Read the FULL Transcript of this Video & Download Today’s Charts:
http://www.sidewaysmarkets.com/
——————–
Crude Oil is bearish at the low of the range, telling me to look for buying opportunities, but this momentum is so strong that I need to wait for a “nested” 2-Try Failure pattern to buy tomorrow morning.

E-Mini S&P is bullish with a Spike & Channel pattern, and we’re just a few points from re-testing last week’s high, so my plan is to use bear-traps for buying opportunities.

Nasdaq is bullish with a Spike & Wedge pattern, which means the higher we go, the more likely we get a great buying opportunity after a DEEP pullback.

Gold is bullish back into the range, so I’m going to focus on buying just below the range using the 2-Try Failure pattern.

Euro is bullish with a strong spike higher, and I’m waiting for buying opportunities off the low of a hidden channel.

We have a bunch of SPIKES on the chart, some going with the trend, and some going against, so tonight we’re going to talk about the four most reliable ways to trade a strong “spike” on any chart.

The key to trading with spikes is to wait for proof of which pattern we get next, that will tell you where the best entry pattern will be – and whatever you do – never try to fade those spikes until momentum shifts!
——————–
Trading Psychology Videos:
https://www.sidewaysmarkets.com/trader-psychology/
——————–
Become a Member and Join the Trade Room:
http://www.schooloftrade.com/
——————–
Contact the office for more information:
Sales@SchoolOfTrade.com
800.381.2084
Skype: Megan.James12345
———————————————-
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
———————————————-
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:

The key to trading with spikes is to wait for proof of which pattern we get next, that will tell you where the best entry pattern will be – and whatever you do – never try to fade those spikes until momentum shifts!

Comments are disabled for this post.