November 16, 2017
- in Uncategorized by schooloftrade
5 Ways to Trade with “Balance” | Crude Oil, Emini, Nasdaq, Gold & Euro
“Talent is cheaper than table salt. What separates the talented individual from the successful individual is a lot of hard work.”
Crude Oil is range-bound with a triangle, telling me to focus on failures, selling above the highs and buying below the lows tomorrow morning.
S&P is range-bound just above the prior week low, so my plan is use the ‘2-Try Rule’ to fade the breakouts until something changes tomorrow.
Nasdaq is range-bound with a triangle, telling me to avoid the middle and focus on failures up above the highs and below the lows tomorrow.
Gold is bearish with a Spike & Range, telling me to use the ‘2-Try Rule’ to sell up above the range high tomorrow morning.
Euro is bearish with a Spike & Channel, so I’m focused on selling with buyer-failures up above the moving-average tomorrow morning.
Crude Oil Day Trading Strategy
Crude Oil is range-bound with a triangle, so my plan is to fade the breakouts tomorrow. I’m looking for buying opportunities below the lows, selling-opportunities above the highs, focusing on failures to send price back into the range.
E-Mini S&P Day Trading Strategy
E-Mini S&P is range-bound as sellers keep getting rejected below the prior week low.
My plan for a range-bound market is simple: buy the low, sell the high, avoid the middle, and focus on failures using the ‘2-Try Rule’ until we see enough strength from a successful breakout-pullback to create a new trend.
E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is range-bound with a triangle, telling me to sell the high, buy the low, avoid the middle, and focus on failures around the edges of this range tomorrow morning.
Gold Day Trading Strategy
Gold is bearish with a Spike & Range pattern, telling me to look for the ‘2-Try Rule’ to sell buyer-failure up above the high of the range, or look for a successful breakout-pullback to a target down at yesterday’s low.
Euro Day Trading Strategy
Euro is bearish with a Spike & Channel, telling me to resist the temptation to chase this move lower, and focus on failures up above the moving-average with a target going back down to yesterday’s low.
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