Balance Trading Strategy

Markets are “balanced” coming out of the Holiday Weekend, and with strong momentum moves in today’s session, I know exactly which strategy I’m using on Wednesday morning – are you ready?

Crude Oil is Asking for Trouble (Beware)

Crude Oil is bullish into a narrow trading-range, which tells me to buy the low, sell the high, and avoid the middle tomorrow morning.

And remember, this “narrow” range will make it tricky to avoid the middle, so make sure you watch tonight’s video for the most important entry technique I’m watching for Wednesday morning.

E-Mini S&P is Bearish, But Look Closer!

E-Mini S&P is bearish after a strong run lower to finish today’s session, which would normally tell me to sell the high of the new Hidden Channel…

But this move lower looks suspicious – especially with Monday being a holiday – so instead of trying to sell this next pullback, I’m going to look for buying opportunities using a seller-failure pattern for a run back up into the range from earlier this week.

Nasdaq is Balanced – Keep Fading the Breakouts

Nasdaq is bearish into a trading-range, which tells me to focus on failures, selling high, buying low, and avoiding the middle.

And since we’re below the range this evening, my plan is to use a “nested” seller-failure pattern to buy off the low tomorrow morning.

Gold Buyers Are Waiting for Their Trigger!

Gold is bearish and trying to breakout below the low of a trading-range, which is likely to fail, giving the bulls an easy opportunity to buy into their stops for a short-covering rally back up to re-test the highs tomorrow morning.

Being more specific, I’d love to get a “trap low” just below the 76.9 level, so I’m keeping my eyes open in the short-term.

Euro is Waiting for the Pullback

Euro is bearish with a 123-Reversal off today’s high, which tells me to look for selling-opportunities at the high of a new Hidden Channel using a buyer-failure pattern.

And my plan stays the same if we keep pushing lower – I just need to adjust the Hidden Channel with the new lows and wait for the pullback to sell off the high.

“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So, throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”