May 2, 2018
Moving Average Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
“The Difference Between A Successful Person and Others Is Not A Lack of Strength, Not A Lack of Knowledge, But Rather the Story that they are Telling Themselves.”
Crude Oil is bearish but I’m sure a lot of buyers are going to try and buy this pullback after the FOMC report, so my plan is to look for selling-opportunities using a buyer-failure pattern with a target going back down to the low…
E-Mini S&P is bearish with a strong move off the high, and my eyes are watching a “hidden channel” resistance level overhead for selling-opportunities tomorrow morning…
Nasdaq is bearish at the low of a channel, so I’m waiting patiently for selling-opportunities up at the highs tomorrow morning…
Gold is range-bound and trading at the low of a triangle, telling me to look for selling-opportunities up at the highs tomorrow morning…
Euro is bearish and trading at the low of a Spike & Channel, telling me to stay patient and wait for selling-opportunities up near the highs tomorrow morning.
Crude Oil Day Trading Strategy
Crude Oil is bearish and trading at the high of a range, telling me to look for selling-opportunities using buyer-failure patterns for a move back down to the low.
E-Mini S&P Day Trading Strategy
E-Mini S&P is bearish and hunting for yesterday’s low, but this strong move lower is way too low to sell now, so my plan for tomorrow is to look for selling-opportunities up at resistance levels overhead, and I have my eye on a possible “hidden channel” combined with buyer-failures up above the moving-average tomorrow morning.
E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bearish and trading at the low of a channel as sellers try to push back down into the range from yesterday, telling me to look for selling-opportunities up at resistance levels at the high of the channel tomorrow morning.
Gold Day Trading Strategy
Gold is bearish and trading at the low of today’s Trading-Range, telling me to look for selling-opportunities up near the high of the range tomorrow morning, but this move lower is very strong, so I’m also watching for a successful breakout below the range lows on the way down to the 1300 round number as well.
Euro Day Trading Strategy
Euro is bearish and trading at the low of a Spike & Channel pattern, telling me to look for selling-opportunities up near the highs, but this strong move lower tells me to look for another leg lower, so although I want to stay patient for a rotation back up to the high, I’m going to look for buyer-failures around the moving-average for a second leg lower as well.
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