Shake-Out Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

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Shake-Out 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 bearish but trying to turn bullish after a measured-move snuffed-out the momentum for the bears, and I have my eye on a seller-failure down below the moving-average for buying opportunities tomorrow morning.

S&P is bearish (as much as I want it to be bullish) with a triangle pattern, telling me to look for selling-opportunities up above the highs using buyer-failures tomorrow morning.

Nasdaq is bullish with a Spike & Channel pattern, telling me to look for traps down near the lows, but my plan is to look for a “shake out” to the downside tomorrow morning, followed by some seller-failures and a rocket back up to re-test the high.

Gold is bullish with a late-session reversal, telling me to look for buying opportunities using a “hidden channel” tomorrow morning.

Euro is bearish with a Spike & Range pattern, telling me to focus on buyer-failures tomorrow for selling-opportunities going back down to re-test the 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

Trevor Proby says:

home run with this video Jj

Wasim Al Imam says:

I feel it Disinterested

Peace& Harmony says:

Hey Joseph, Thanks for the info! Btw, What's the Timeframe of the crude oil chart that you were explaining?

Y. Kay says:

But I'd go with anti-interested myself 😛

Y. Kay says:

LoL! So, my stepdad, journalist at the Boston Globe, said it's "Uninterested" becoz "disinterested" means someone unbiased or has no interest or stakes in the matter, an observers. Bulls and bears clearly aren't observers

Stefan Supra says:

Disinterested is the way to go

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