Trade the Momentum Swing | Crude Oil, Emini, Nasdaq, Gold & Euro

“Trading is a game of probabilities and pattern-recognition that can be won by anyone who is willing to invest the time to learn the business, develop the skills, and maintain the trader’s mindset.”

Crude Oil is bearish with a Spike & Channel, so we’re looking for selling-opportunities using buyer-failures up near the high of the range…

E-Mini S&P is bullish as it rotates off the low of today’s range, and I have my eyes on a key support trend-line for buying opportunities tomorrow morning…

Nasdaq is bullish with a trading-range, telling me to look for buying opportunities using seller-failures down at the range lows…

Gold is bullish with a Spike & Channel, telling us to look for buying opportunities using “bear traps” below prior swings…

Euro is bullish with a Spike & Range pattern, telling us to look for buying opportunities using seller-failures down below the range low tomorrow morning…

We’re getting ready to wrap-up a CRAZY week of trading with another big opportunity setting-up for Friday morning…

Crude Oil Day Trading Strategy

Crude Oil is bearish with a trading-range, Spike & Channel and measured-move on the chart this evening…

The momentum is clearly bearish, and with price coming off the low of this channel, my plan is to look for selling-opportunities at resistance levels at the high of the channel tomorrow morning…

At the same time, I’m also watching this momentum as we push higher… looking for signs of a short-covering rally that will drag price back into the range where today’s session began…

If we do see a short-covering rally, then I’m looking for buying opportunities using bear-traps along the way…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a trading-range, support trend-line, and measured-move on the chart this evening…

The bears have the long-term momentum, but with this recently rejection off the range lows, we can expect short-term momentum to send prices running back up to the highs in the short-term…

Knowing this, im looking for support levels to combine with entry patterns, and this rising support trend-line will make for a great place to start looking for entries with a target up at the measured-move and ‘pendulum swing’ tomorrow morning…

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a trading-range, support trend-line, and measured-move on the chart this evening…

The long-term momentum is bearish, but with price-action rotating off the low of this range we can easily say the short-term momentum is bullish and trying to run back to re-test this morning’s high…

Knowing this, I want to look for buying opportunities using seller-failures down near the low of the range, while keeping my eyes open for a 2-Try Failure pattern to sell off the highs later in the session tomorrow morning…

Gold Day Trading Strategy

Gold is bullish with a strong Spike & Channel into a measured-move today…

The strength of this move higher is important – telling us the bullish momentum is so strong that ANY pullback below the moving-average will most likely be seen as a buying opportunity tomorrow…

I’m also watching to see if this market turns sideways into a range – remember, whenever we see this much strength in one direction, the following day is often a range, so im watching for the double-tops at the highs and then will focus on buying the traps and seller-failures below the range low tomorrow morning…

Euro Day Trading Strategy

Euro is bullish with what appears to be a double-top into a trading-range, and a measured-move on the chart this evening…

The bulls have the momentum going into the trading-range, so we want to buy the low of the range using the 2-Try Failure tomorrow morning…

If price tries to push higher, we have to worry about buying into the measured-move resistance, so STRENGTH through these highs will be important, then will start looking for a Spike & Channel pattern from there…