Best S/R Levels for Day Trading | Crude Oil, Emini, Nasdaq, Gold, Euro

Share it with your friends Like

Thanks! Share it with your friends!

Close

We’re back in the action for the final full week of September, and I have my eyes on a combination of channels and trading-ranges for the best support and resistance levels for Tuesday’s trading session – are you ready?

——————–
Learn my Favorite Trading Strategy with My Free Trading Course:
http://www.schooloftrade.com/trial

Become a Member and Join the Trade Room:
http://www.schooloftrade.com/

—————————————–
Crude Oil is bullish as it rotates back into the narrow trading-range from last Friday, which tells me to look for buy set-ups either below the range, or after a 123-Breakout to new highs.

E-Mini S&P is bullish and trying to complete the ‘pendulum swing’ up above the range high on Tuesday and since this is a range-bound market, my plan is to fade the bull breakout using a “nested” failure pattern.

Nasdaq is bullish and trying to complete a Spike & Channel re-test, and I’m looking for a 2-Try Breakout Pattern to jump in on the move running higher.

Gold is bullish with a Spike & Channel pattern, which tells me to stay patient and wait for a buy set-up after a DEEP pullback off today’s high.

Euro is bullish into a narrow trading-range, which tells me to look for buy set-ups underneath the range, which also combines the low of a new Hidden Channel.
——————–
Join the Mailing List, Read the Transcript of this Video & Download Today’s Charts:
http://www.sidewaysmarkets.com/
——————–
Trading Psychology Videos:
https://www.sidewaysmarkets.com/trader-psychology/
——————–
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 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:

When it comes to day trading, the key to success is combining the best support and resistance levels with the proper entry set-up, and that's the topic of tonight's video newsletter – are you ready?

Comments are disabled for this post.