Short-Covering Rally Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

1,390 views · Published 17 September 2018 · 48:43 · Indexed 23 September 2026

Channel: Joseph James Trading With JJ · 2018 · Education

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Short-Covering Rally Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Crude Oil is range-bound with a triangle, so the plan is to buy the low, sell the high, avoid the middle, and focus on failures tomorrow morning... 

E-Mini S&P is bearish and sitting in a range, and we’re watching the range-expansion resistance levels overhead for selling-opportunities…

Nasdaq is bearish with a Spike & Channel, so we’re looking for selling-opportunities using buyer-failures up near the highs…

Gold is range-bound, and with the $1200 round number down at the low of the range, that’s my target for selling-opportunities tomorrow morning... 

Euro is bullish with a Spike & Range, so we’re looking for buying opportunities using the '2-Try Rule' below the range tomorrow morning... 

We’re back in the action once again after a Storm-filled weekend, and with Quadruple Witching later this week we know we’ll most likely have some fireworks and lots of reliable trading-opportunities coming our way…
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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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