Trading Strong Breakout Moves

“Every day do something that will inch you closer to a better tomorrow.”

Crude Oil is bearish and trying to break free of the trading-range, and my plan is to use the ‘2-Try Rule’ to find selling-opportunities going back down to re-test today’s low.

E-Mini S&P is bearish with a strong run lower, telling me to stay patient and look for selling-opportunities off a key reversal-line overhead.

Nasdaq is bearish with a collapse off today’s high, and I’m looking for selling-opportunities, staying patient for a test of a hidden channel high.

Gold is bullish with a strong run back to the highs of the range, and with such a strong run, my goal is to buy the next pullback for a second continuation.

Euro is bearish with a strong run lower to finish today’s session, which means we’re waiting for a deep pullback to sell into buyer-failures tomorrow morning.

Crude Oil Day Trading Strategy

Crude Oil is bearish with a trading-range, hidden channel, and battle-zone on the chart this evening.

The trading-range has a bull bias to it, but with such a strong run lower off the highs, it’s easy to see that momentum is going to likely give us another leg lower.

My plan is to look for entry into that second leg using resistance at the high of this hidden channel.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a trading-range, strong run lower, and battle-zone on the chart tonight.

The strong run lower is the big clue, which tells me there will be plenty of sellers looking to re-test today’s low.

All I need to do is wait for price to test the resistance levels overhead and find the best entry pattern into the trade short.

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a strong spike lower, hidden channel, and measured-move on the chart tonight.

The spike lower clearly gives the bears the momentum they need to run back to this morning’s low.

My challenge for tomorrow is to avoid chasing this move lower and look for selling-opportunities up at resistance levels, such as the high of this hidden channel.

Gold Day Trading Strategy

Gold is bullish with a trading-range, support trend-line, and ‘2-Try Rule’ on the chart tonight.

The bulls have the momentum, and any time I see a strong run like this I always look for an opportunity to participate in the second leg higher.

So my plan is to wait for a pullback, but since this is a range, instead of just buying the pullback, I’m going to use the ‘2-Try Rule’ for the sellers to find the best entry timing into the second leg higher.

Euro Day Trading Strategy

Euro is bearish with a strong run lower, hidden channel, and possibly a Spike & Range waiting for tomorrow morning.

The bears clearly have control of the market so my plan is to sell resistance levels overhead with a target down at the lows.

And to do that, I’m going to wait for price to retrace off the lows, wait for the buyers to try and reverse direction, then look for the buyer-failure so I can sell into the stops for a collapse back down to the lows again.

I’m also watching that 15,000 round number because we’ve been going back to that level recently.

So I’m watching for a strong bull momentum shift first, then look for buying opportunities off the low of a hidden channel.