Impulse Move Trading Strategy

Everyone’s waiting for more details on a possible trade deal as we head into Friday’s trading session, but no matter what the outcome is tomorrow, we can expect to see strong, impulse moves across all our favorite markets…

And those “impulse moves” tell me to look for one of three likely chart patterns and easy set-ups – are you ready?

Crude Oil Wants to Re-Test the Gap Overhead

Crude Oil is bullish and trying to break free of the trading-range where it spent most of this morning’s session, and we can easily see the bulls setting-up an impulse move to new highs…

Knowing this, I’m looking for a 2-Try Breakout pattern on the way up to re-fill the gap from mid-September at 54.58.

E-Mini S&P Shows the Bulls Have Full Control

E-Mini S&P is bullish and re-testing today’s high in a show of strength ahead of Friday morning, but this location is way too high to start buying…

Id’ rather wait for either an (a) impulse move going higher to the measured-move, or (b) buy a pullback below the trading-range waiting below.

Nasdaq Bulls Have Their Targets on Range Highs

Nasdaq is bullish and sitting at today’s high, showing clear control of this market heading into Friday morning, but the last place I want to buy is at the high of day…

Instead, I’m waiting for a pullback so I can buy into the stops of the counter-trend sellers, or wait for a 123-Breakout and buy the low of a new Hidden Channel.

Gold Bears Look Strong, But Look Where We Are!?!

Gold is bearish and trying to breakout below the weekly trading-range, but we don’t have enough proof to start selling yet, so I need to wait for the 123-Breakout to complete before I can sell off the high of the new bear channel.

And let’s not forget, we’re underneath the weekly range, which is an excellent place to look for buy set-ups going back into the range again!  All I need is a crown reversal pattern and we’re off to the races back higher again.

“Optimism Is the One Quality More Associated with Success and Happiness Than Any Other.”