#1 Trading Rule for Friday Morning
Momentum is playing a key role in my trading strategy for Friday morning – with Gold, Oil, and E-Minis all finishing today’s session with strong impulse moves…
Those momentum moves tell me exactly what type of set-ups I want to be looking for tomorrow, but Friday mornings different than other days of the week – it’s all about MINDSET – are you ready?
Crude Oil Took a Nose-Dive – Should We Sell It?
Crude Oil is bearish with a strong move lower to finish today’s session, but look closely and you can see that this move lower is right into our buy-zone from yesterday, which tells me to look for a buy setup going back to the highs…
But how can I buy into such a strong move lower? I need the right entry pattern…
E-Mini S&P Bulls Can Smell That Pendulum Swing!
E-Mini S&P is bullish and racing up to re-test today’s high, and that momentum tells me to buy a pullback, but that puts me back in the weekly range which isn’t a reliable place to buy…
A better strategy is wait for price to poke below the weekly range, and use a seller-failure pattern to buy it going back up to the highs.
Nasdaq Wants to Go Higher, But Where’s the Entry?
Nasdaq is bullish and trying to complete a full rotating back to the high of an expanding triangle, but we’re currently trading smack in the middle of the daily range, which isn’t a good spot to buy…
Knowing this, my plan is to wait for either a chance to buy below the range, or wait for a 123-Breakout and buy the pullback before we test the 8300 “round number”.
Gold Spike & Channel Tells Me Patience is Key
Gold is bullish and trading at the high of a spike & channel pattern, which tells me to look for buy setups below the channel, preferably under the moving-average…
But my favorite place to “get long” on Friday is down at 1261.4, which is the combination of yesterday’s triangle vertex and the range-expansion support.
“Opportunity is missed by most people because it is dressed in overalls and looks like hard work.”
