The Hidden Channel Pullback Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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“Don’t just think. Don’t just talk. Don’t just dream. None of that matters. The only thing that matters is that you actually do. So: DO.”
Crude Oil is range-bound and sideways tonight, and without any real momentum the best strategy for tomorrow morning is to buy low, sell high, and stay away from the middle…
E-Mini S&P is range-bound with a neutral bias tonight, so I’m looking to fade the breakouts, buying low and selling high in Tuesday’s session…
Nasdaq is bullish with a trading-range, so the plan is to find buying opportunities below the range low using the 2-Try Failure tomorrow morning…
Gold is bullish with a Spike & Channel, so the plan is to look for buying opportunities down near the low of the channel, but a resistance trend-line is telling me I need be careful…
Euro is bullish with a trading-range, and I’m watching a hidden channel for a key support area below the range for buying opportunities tomorrow morning…
We’re back in the action once again… this time with a handful of ranges to work with on the charts, which means we’re focused on fading the breakouts in tomorrow’s session…
Crude Oil Day Trading Strategy
Crude Oil is sideways with a trading-range, triangle, and measured-move on the chart this evening…
The key right now is momentum… or LACK of momentum. There’s nothing.
So with this flat momentum the only reliable strategy is to fade the breakouts…
So the plan is to buy low, sell high, and avoid the middle using the ‘2-Try Rule’ for entries as FAR OUTSIDE the range as possible tomorrow morning…
E-Mini S&P Day Trading Strategy
E-Mini S&P is range-bound with a triangle, trading-range, and measured-move on the chart this evening…
The long-term momentum is flat, nobody really has much of the edge anymore…
But the short-term momentum is clearly bearish with a strong finish for the bears this afternoon…
So I would expect to see sellers waiting on the next pullback to resistance, at which point I’m going to watch the reaction to the moving-average and look for a seller-failure pattern to go back into the range tomorrow morning…
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E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a trading-range, hidden channel, measured-move, and resistance trend-line on the chart this evening…
The bulls have the momentum so the plan is to buy at support levels below this trading-range, so I have my eyes on the low of this hidden channel, the measured-move and the range-expansion support level for tomorrow morning…
Once I get price down in my support area, then the plan is to find the entry signal…
The bears are going to appear strong, so im going to wait for them to try twice, then using the 2-Try Failure pattern will look for buying opportunities going back up to the high of the range…
Gold Day Trading Strategy
Gold is bullish with a Spike & Channel, trading-range, and resistance trend-line on the chart this evening…
The bulls have the momentum, so the plan is to look for buying opportunities at support levels tomorrow morning…
I have my eye on the low of this Spike & Channel, but this falling resistance trend-line warms me not to buy into resistance and wait for it to be used as support on the opposite side…
It’s also important to remember that trading-range from Friday… because if these bulls fail to re-test the high we’re most likely looking at a move back down to the range low where the momentum will be bearish so I’ll have to stay patient to look for buying opportunities only after the sellers try twice with a 2-Try Failure pattern going back up to range highs…
Euro Day Trading Strategy
Euro is bullish with a trading-range, resistance trend-line, hidden channel, and measured-move on the chart this evening…
The bulls have the momentum into this trading-range, so the plan is to find buying opportunities at support levels below the range tomorrow morning…
So I’m watching this hidden channel, measured-move, and prior swings for the best entry locations…
Once I get price down in the correct location, then will start looking for entries using the ‘2-Try Rule’ for seller-failures and a move going back up to the highs…
