Don’t Let Them Fool You | Crude Oil, Emini, Nasdaq, Gold, Euro

Markets are really heating-up this week – with the tension building between the US and China, and Oil sanctions impact the energy markets, tomorrow is sure to be another great opportunity for some high-quality set-ups… But no matter what happens tomorrow, don’t let them FOOL you with those headlines – because the only thing that really matters is the chart, so let’s get ready! -------------------- Learn the Patterns with My Free Trading Course: http://www.schooloftrade.com/trial ----------------------------------------- Crude Oil is bearish with a strong run lower off today’s high, but don’t let them fool you into selling the next pullback because we’re sitting right at the low of last week’s range. Knowing this, a more reliable plan for tomorrow morning is to wait for the sellers to try selling the next pullback, and buy into their stop-losses for an easy short-covering rally instead. E-Mini S&P is bearish with what appears to be a Spike & Channel going lower, but don’t let them fool you, because the REAL clue is hidden inside the trading-range. Keeping this in mind, the best plan for tomorrow is to wait for selling-opportunities at the high of the range. And I have to say, I’m also looking for a possible short-covering rally off the measured-move target if we can get the “nested” 2-Try Failure set-up to trigger. Nasdaq is bearish with a Spike & Range pattern, which tells us to look for selling-opportunities at the highs, while reminding us NOT to try selling these lows. So don’t let the bears fool you on this, yes, the market is bearish, but NO, selling this low is always a bad idea! Gold is bullish with a combination of a major bull channel, Spike & Channel, and narrow trading-range on the chart tonight. Add up all these great clues and you have a battle-zone waiting below us that is worth waiting for on Tuesday morning. Euro is bullish, but a recent “undershoot” of the bull channel tells us to wait for the "overshoot" on the opposite side before we start looking for buying opportunities going back up to re-test the high. And don’t forget that trading-range, its very wide, so I've cut it into halves and using those range-expansions as key support levels tomorrow morning. -------------------- Read the FULL Transcript of this Video & Download Today’s Charts: http://www.sidewaysmarkets.com/ -------------------- 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: [email protected] 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.