Triple Threat Trading Strategy

We’re headed into “Triple Threat” Friday – which means a combination of low volume and high volatility which is sure to fool a LOT of traders.  But not to worry, I’ve got a solid trading plan to help us finish this week with some green!

Crude Oil Recovered from the “Tweet Storm”

Crude Oil is bullish on its way back to the $60 round number, but this market is way too high to start buying now, so I’m waiting for a pullback to the low of a new Hidden Channel.

Knowing this, I’m also watching for a short-covering rally, which will tell me to get aggressive, buying with bear-traps before we reach the target overhead.

E-Mini S&P is Running Higher

E-Mini S&P is bullish on its way back to re-test this morning’s high, which tells me to stay patient waiting for a pullback, and I have my eyes on the low of the major bull channel.

And let’s not forget – this market could grow some serious LEGS tomorrow morning, so I’m watching for signs of a short-covering rally and looking to get aggressive with trap entries when the time comes.

Nasdaq is Just Getting Started!

Nasdaq is just starting to take flight again after this afternoon’s DEEP pullback, which tells me there is still plenty of time to jump into a position as long as we incorporate a proven level of support with the entry pattern.

And speaking of reliable support, we have the low of TWO channels ready to be used in combination with a seller-failure – so keep those eyes OPEN!

Gold Got Clobbered Today – What’s Next?

Gold is bearish with a massive run lower in today’s session, which tells me to “sell the bounce” up in the battle-zone with a target down at the monthly low.

Furthermore, this move down was MASSIVE today, which often results in a range-bound market the following day – so keep your eyes open for the range and fade the breakouts.

Euro is Back to the Round Number (Again!)

Euro is bearish, but finishing the session in a narrow range tells me to stay patient and look for selling-opportunities above the range using buyer-failures.

And don’t forget, we may find buying opportunities off the lows if we can get one of those awesome “crown reversal” patterns.

“Success isn’t always about ‘greatness’, it’s about consistency. Consistent, hard work gains success.”