March 21, 2018
2 Legged Pullback Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
“Even if your ambitions are huge, start slow, start small, build gradually, build smart.”
Crude Oil is bullish with a strong bull run into the closing bell, telling me to look for buying opportunities after a ‘2-legged pullback’ down to support levels tomorrow morning.
E-Mini S&P is range-bound with a bear channel, telling me to look for selling-opportunities using the ‘2-Try Rule’ up above the range highs tomorrow.
Nasdaq is range-bound with a triangle pattern, telling me to focus on failures around the “swings” on the chart tomorrow morning.
Gold is bullish with a strong run higher this afternoon, telling me the most reliable buying opportunities will be after a ‘2-legged pullback’ down into support levels tomorrow morning.
Euro is bullish with a wedge pattern, but the range is too narrow, so I’m watching for a pullback and buying opportunities using a “hidden channel” tomorrow morning.
Crude Oil Day Trading Strategy
Crude Oil is bullish with a strong bull move in today’s session, all the way up to the triple measured-move target.
Any time I see a strong move in one direction I know that a ‘2-legged pullback’ and a re-test of the high is highly likely, so I’ve identified some key support levels and I’m waiting for the pullback tomorrow morning.
E-Mini S&P Day Trading Strategy
E-Mini S&P is range-bound and the momentum of this market is swinging back down to the low of the range, so my plan is to keep looking for failures, using the measured-move and the ‘pendulum swing’ for areas of interest tomorrow morning.
E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is range-bound and rotating back and forth from top to bottom of this range, telling me to focus on failures, buying the lows, selling the highs, using the ‘2-Try Rule’ until we finally see a successful breakout-pullback.
Gold Day Trading Strategy
Gold is bullish with a channel and a strong move into the closing bell this evening, and any time I see a strong move in one direction I know to look for a ‘2-legged pullback’ and a re-test of the high tomorrow morning.
Knowing this, my goal is to use the low of this channel, combined with the ‘battle zone’ for reliable buying opportunities tomorrow morning.
Euro Day Trading Strategy
Euro is bullish with a wedge pattern, and as this wedge gets narrower I start to anticipate a pullback off the highs to give buyers more space to work with.
Knowing this, I’m watching for a “hidden channel” to use as support for buying opportunities going back up to re-test the highs and the measured-move tomorrow morning.
===========================================================
Learn the Strategy & Join the Trade Room; Click here to register for the Free Trial
