Trade Deal Trading Strategy

The markets are waiting on more news from the highly-anticipated US/China trade talks scheduled for tomorrow morning, and that keeps most of our markets trading sideways inside of ranges this evening…

And those ranges give us a very clear plan of attach; buy low, sell high, avoid the middle, and keep your eyes open for the 123-Breakout – are you ready?

Surprise! Crude Oil is Back to the Range (Again!)

Crude Oil is bearish as prices collapsed back into the weekly trading-range this afternoon, and that bearishness tells me to look for sell set-ups up above the high of the range tomorrow morning.

And if the bears continue running lower, I then start looking for buy set-ups under the low of the range, but I’ll have to wait patiently for a “nested” failure if I’m going to buy against this bearish momentum.

E-Mini S&P Buyers Are Waiting on Another Shot!

E-Mini S&P is bullish into a narrow range tonight, which tells me to look for buy set-ups below the range using a seller-failure set-up tomorrow morning.

And if prices keep pushing higher, I don’t want to buy into the range high, so I’ll have to wait for a 123-Breakout and buy the low of a new Hidden Channel.

Nasdaq Combines Two Reliable Chart Patterns

Nasdaq is bullish with the combination of a trading-range and Spike & Channel on the chart this evening, which tells me to look for buy set-ups using seller-failures down in the 7660 support zone tomorrow morning.

But if this market breaks-down and runs lower, I can’t chase it, I need to wait for proof from the 123-Breakout and then sell off the Hidden Channel high.

Gold’s Triangle is a Ticking Clock!

Gold is bullish with an expanding triangle this evening, which tells me to look for buy set-ups off the low of the triangle, or buy the 2-Try Breakout Pattern if it spikes to new highs.

And if price wants to pull back, I’m watching that round number at 1500 to buy back up with a “nested” failure pattern going back into the range.

“Ideas are worthless without the execution; execution is pointless without the ideas.”