Trading with Confluence Levels | Crude Oil, Emini, Nasdaq, Gold & Euro

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We’re back in the action once again after a Holiday Weekend, and this time we’re watching key levels of confluence for the most reliable trades on Wednesday morning…
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Crude Oil appears bearish at first glance, but the recent 123-Reversal tells me to look for the beginning of a short-covering rally using a key support trend-line.

E-Mini S&P is bearish into a range, and I have my eyes on sell set-ups using key confluence levels above the range on Wednesday morning.

Nasdaq is bearish with a flag pattern, which is always a bit tricky, so we’re mapping out the plan for BOTH sides tomorrow morning.

Gold is bullish and trading to go back into last week’s range, but it’s TODAY’s range that gives me the biggest clues for Wednesday.

Euro is bearish and we’re going to keep looking to sell into the bull breakouts tomorrow morning.
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Read the FULL Transcript of this Video & Download Today’s Charts:
http://www.sidewaysmarkets.com/
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Trading Psychology Videos:
https://www.sidewaysmarkets.com/trader-psychology/
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Contact the office for more information:
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800.381.2084
Skype: Megan.James12345
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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

Wasim Al Imam says:

Hi Josef…will you have a chance talking about trading gaps….thanks for your amazing reports …

coolezum says:

Hello Brother Joeseph! Hope all is well.

Joseph James says:

Why are Confluence Levels so important for me? Because I'm always looking for key support and resistance to combine with my entry patterns, and stacking multiple levels on top of each just adds FUEL to the fire!

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