October 4, 2017
- in Uncategorized by schooloftrade
Spike & Range Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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Crude Oil is bearish with a wide, flat channel, telling me the most reliable selling-opportunities will most likely be traps and buyer-failures above the moving-average tomorrow.
S&P is bullish with a Spike & Range pattern, so my plan for tomorrow is to look for buying opportunities below the range using the ‘2-Try Rule’.
Nasdaq is bullish with a wide, flat channel, which tells me the most important aspect is to focus on buying as low as possible tomorrow, focusing on “traps”.
Gold is bearish with a Spike & Range pattern, so the plan for tomorrow is to look for selling-opportunities using the ‘2-Try Rule’ up above the range high.
Euro is bullish with a Spike & Range pattern, so my plan for tomorrow is to use the ‘2-Try Rule’ to look for buying opportunities below the low of the range.
Crude Oil Trading Strategy
Crude Oil is bearish with a wide, flat channel, which tells me that both sides of this market are likely making money, and I need to focus on selling as high as possible tomorrow.
If price corrects higher, I’m watching those falling resistance trend-lines overhead, combined with buyer-failures and a target going back to the low.
If price pushes lower, the chart will likely develop into a Spike & Channel or wedge going lower, and my plan is to avoid selling low, focusing on bull-traps and buyer-failures up above the moving-average with a measured-move target waiting below.
E-Mini S&P Trading Strategy
E-Mini S&P is bullish with a Spike & Range pattern, which tells me to look for buying opportunities using the ‘2-Try Rule’ below the low of the range, with a target going back up to re-test the high.
If price keep pushing higher, the target will be the high of this channel, and my plan is to look for the “fake-out-breakout-pullback” pattern to buy the dips on the way up to the target tomorrow.
E-Mini Nasdaq Trading Strategy
E-Mini Nasdaq is bullish with a wide, flat channel, which tells me that both sides of the market can make money in this situation, and I need to focus on buying as low as possible tomorrow.
If price pulls lower, I’m looking for the ‘2-Try Rule’ to find a seller-failure and buying opportunities going back up to the high.
If price rotates higher, I have to assume that sellers will be looking to “fade” this move higher, so my focus will be on traps and seller-failures below the moving-average with a target up at channel high.
Gold Trading Strategy
Gold is bearish with a Spike & Range, which tells me to look for selling-opportunities using the ‘2-Try Rule’ up above the high of the range, with a target down to fill the gap waiting below.
If price moves lower, I want to avoid selling into the lows, so my plan is to look for traps and buyer-failures above the moving-average with a measured-move target waiting below.
Euro Trading Strategy
Euro is bullish with a Spike & Range, which tells me to look for buying opportunities using the ‘2-Try Rule’ below the low of the Trading-Range.
If price pushes higher, the plan is to avoid buying into the overhead channel highs and look for traps using the “fake-out-breakout-pullback” pattern with a target up at the measured-move.
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