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

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Gap Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Read the FULL Transcript of this Video & Download Today’s Charts:
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Crude Oil is bullish with a flag pattern, which tells me to wait for a seller-failure below the moving-average using the high of the channel as key support tomorrow morning.

E-Mini S&P is bearish with a range, so I’m looking to fade the breakouts, selling above the highs with a target down at the lows.

Nasdaq is bearish with a range this evening, so I want to sell the range high using the ‘2-Try Rule’ tomorrow morning.

Gold is bullish with a Spike & Range, so my plan is to buy the low of the range using seller-failures.

Euro is trading sideways with a range, so my plan tomorrow is to buy the low, sell the high and focus on failures.

We’re back in the action once again – this time with a new week, a new month, and a whole helluva lot going on this week which is going to give us plenty of explosive trading opportunities.
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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:

Remember – the most common rookie mistake is to try FORCING a gap-fill. It's best to trade in the direction of the gap until the momentum shifts, and when it does (b/c it always does eventually) then we have an easy target going back to fill the gap.

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