Trading with “Nested” Entry Patterns

“Would you like me to give you a formula for success? It’s quite simple…Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.”  

Crude Oil is bearish with a strong run lower today – telling me to expect a range tomorrow morning – and to look for selling-opportunities using buyer-failures above the moving-average…

E-Mini S&P is bearish, but we’re trading at the low of a WIDE range, telling me to stay patient for selling-opportunities using what I call a “nested” 2-Try Failure pattern tomorrow morning…

Nasdaq is bearish with a trading-range, and with price trading at the range lows, I’m waiting to get short off the highs using a 2-Try Failure pattern…

Gold is bearish with a trading-range, and I have three resistance levels coming together with confluence for a key selling-opportunity tomorrow morning…

Euro is bearish with a flag pattern, but sellers appear to be “boxed in” without any good option to sell, telling me to look for buying opportunities in specific locations where sellers get in trouble…

Crude Oil Day Trading Strategy

Crude Oil is bearish with a strong move lower, into a measured-move and a bear channel…

Crude Oil just keeps on going lower, in fact, all the way back to exactly where we were this time last year – incredible!

The bears have the momentum, so im looking to sell at resistance levels overhead, and I have my eye on the high of this channel…

But let’s be honest – any time we see a strong run (almost $5 today!) we usually see the following day turn sideways into a range…

So yes, I would love to see a nice deep retracement to the high of this channel, but it’s more likely we go sideways with a range, so I’m going to focus on selling into buyer-failures until something changes…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a trading-range on the chart this evening…

The bears have the momentum, and the range tells me to look for selling-opportunities off the high of the range – but the challenge is the WIDTH of this range…

Any time I see a wide range, I know that trading is going to take a little more patience because the momentum, for example…

I want to sell the high of this range, but when price moves back to the high it’s going to pick up speed and the momentum is going to make it difficult to find a reliable entry…

When I see situations like this, I know it’s time to focus on a specific 2-Try Failure pattern, or wait for the momentum to turn bearish and sell the retracement from there…

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a trading-range and ‘pendulum swing’ on the chart this evening…

The bears have the momentum, (at least for now) telling me to look for selling-opportunities up at resistance levels overhead…

And with this being a range-bound market, the most reliable selling-opportunities will be using the ‘2-Try Rule’ to sell into buyer-failures for a collapse back down to the lows…

Gold Day Trading Strategy

Gold is trading-range, measured-move and round number on the chart this evening…

The bears have the momentum right now, and when you combine that with a trading-range, the plan is quite simple – sell above the range high using the 2-Try buyer-failure pattern – and I have my eyes on the ‘pendulum swing’ in combination with the measured-move and the range-expansion resistance levels tomorrow morning…

Euro Day Trading Strategy

Euro is bearish with a flag, support trend-line, and GAP on the chart this evening…

The bears have control of momentum right now, so I’m looking for selling-opportunities at resistance levels overhead, but as you can see, there’s not much to work with as we go higher (except for this GAP that’s begging to be filled)…

And to make matters worse, if we try and get below this channel, we have a support trend-line waiting, which is a clear trap for the sellers…

So it looks like we’re getting into one of those situations where the trend may be bearish, but there’s no easy way to sell this market, telling me that buying might be the only option for tomorrow’s trading session…

And to do that, I’m goal is to look for opportunities to BUY when I see sellers getting stuck on the wrong side, such as trying to sell down near the low of this bull channel…