Looking for some trades

27 de out. de 2023

10.27.23 7:30 am In this video I run down a list of markets including the dollar, the es, oil, gold. I ran out of time on this video.... but you want to look at the oil chart on a daily chart and a 4-Hour chart because it had good triggers at the top and the bottom of the range which was over two points which is more than $2,000. I am okay with the ES as a short but generally I'm not a big fan of shorting on a market that's so oversold... but this is a market that just looks like it has more to a downside you have to be careful of buyers stepping in and taking out break out sellers. One of the reasons I look at range boxes... is because bullish markets like gold transition to bullish-ranging markets... and that helps me find my trade location, my risk, and my reward with more clarity than looking at this without the range box. it would be easy to look at gold as a bullish market... but it is safer to look at it as a bullish- ranging market.