Trading the FOMC Reaction | Crude Oil, Emini, Nasdaq, Gold & Euro

Markets are explosive in reaction to this afternoon’s FOMC Announcement, and with such strong moves to finish today’s session, it’s no doubt that we have some more fireworks coming for Thursday. -------------------- Learn the Patterns with My Free Trading Course: http://www.schooloftrade.com/trial ----------------------------------------- Crude Oil is bullish into a Spike & Channel, which tells me to wait patiently for a DEEP pullback down into my battle-zone for the most reliable buying opportunities on Thursday morning. And don’t forget, we have two weekly resistance levels waiting overhead, so don’t get caught chasing it! E-Mini S&P is bearish with a strong reversal off today’s high, which means I'm looking for sell set-ups using the high of a Hidden Channel with a target down at today’s low. And remember, the trading-range is also an important clue for tomorrow, so after we re-test the low we’re looking for a rally going right back up again! Nasdaq is bullish and pulling back into the battle-zone of the Spike & Channel, which is a great place to look for buy set-ups – the only challenge is this falling resistance trend-line. Knowing this, my plan is to look for buying opportunities using the ‘2-legged pullback’ pattern, so I'm waiting for the next pullback. Gold is bullish with a strong spike into a flag pattern, which tells me to wait for a few legs lower before looking to buy the seller-failure going back up to re-test the high. With that said, I'm also watching this as a possible Spike & Range pattern, which changes our plan to look for buying opportunities using the '2-Try Rule'. Euro is bullish into a flag pattern, which tells me to look for a ‘2-legged pullback’ and a re-test of the high. But honestly, I'm worried about this 15,000 round number – which I assume is going to develop into a sideways range, thus changing my plan to look for breakout failures instead. -------------------- Read the FULL Transcript of this Video & Download Today’s Charts: http://www.sidewaysmarkets.com/ -------------------- Trading Psychology Videos: https://www.sidewaysmarkets.com/trade... -------------------- 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.