September 10, 2018
Trading with “Slope” | Crude Oil, Emini, Nasdaq, Gold & Euro
“Take the first step in faith. You don’t
have to see the whole staircase, just take the first step.”
have to see the whole staircase, just take the first step.”
Crude
Oil is bearish and trying to re-test last week’s low, and I have my eye on selling-opportunities
off the high of a channel and reversal-line resistance…
Oil is bearish and trying to re-test last week’s low, and I have my eye on selling-opportunities
off the high of a channel and reversal-line resistance…
E-Mini
S&P is range-bound this evening, so I’m looking to buy the low and sell
the high using the ‘2-Try Rule’…
S&P is range-bound this evening, so I’m looking to buy the low and sell
the high using the ‘2-Try Rule’…
Nasdaq is
range-bound with a triangle pattern, so I’m looking to fade the breakouts
in the short-term, but keeping my eyes open for the breakout at some point tomorrow
morning…
range-bound with a triangle pattern, so I’m looking to fade the breakouts
in the short-term, but keeping my eyes open for the breakout at some point tomorrow
morning…
Gold is
bearish with an almost flat channel, which is a big clue, telling me to focus
on failures for selling-opportunities as high as possible…
bearish with an almost flat channel, which is a big clue, telling me to focus
on failures for selling-opportunities as high as possible…
Euro is
bullish with a strong bullish reversal, telling me to look for buying
opportunities using a hidden channel tomorrow morning…
bullish with a strong bullish reversal, telling me to look for buying
opportunities using a hidden channel tomorrow morning…
Crude
Oil Day Trading Strategy
Oil Day Trading Strategy
Crude Oil is bearish with a channel, reversal-line,
and ‘No Trade Zone’ on the chart this evening…
and ‘No Trade Zone’ on the chart this evening…
The bear channel gives the bears the momentum
on their side, and tells me to look for selling-opportunities at resistance levels
overhead, while…
on their side, and tells me to look for selling-opportunities at resistance levels
overhead, while…
The reversal-line at .82 will make for an
excellent location to look for an entry pattern, and the target…
excellent location to look for an entry pattern, and the target…
Let’s not forget that last Friday’s Non-Farm
Payroll report gave us that big BOUNCE off the lows, but after the buyers
failed to hold the pullback, the sellers have now taken back control and appear
to be hunting for a re-test of last week’s low down at 66.86 and further…
Payroll report gave us that big BOUNCE off the lows, but after the buyers
failed to hold the pullback, the sellers have now taken back control and appear
to be hunting for a re-test of last week’s low down at 66.86 and further…
It’s also important to remember that we have
a large storm approaching the East Coast of the United States, and although it doesn’t
appear to be in direction path of the Gulf of Mexico, any time we hear about a
hurricane, we know that Crude Oil tends to act funny, so keep your eyes open until
we know more…
a large storm approaching the East Coast of the United States, and although it doesn’t
appear to be in direction path of the Gulf of Mexico, any time we hear about a
hurricane, we know that Crude Oil tends to act funny, so keep your eyes open until
we know more…
E-Mini
S&P Day Trading Strategy
S&P Day Trading Strategy
E-Mini S&P is range-bound with a trading-range
and a triangle on the chart this evening…
and a triangle on the chart this evening…
The range is the big clue at this point,
with both the bulls and bears making an argument for who has control of this
market…
with both the bulls and bears making an argument for who has control of this
market…
And without anyone in clear control, my plan
is to buy the low, sell the high, and avoid the middle until we get a
successful 123-Breakout at some time tomorrow morning…
is to buy the low, sell the high, and avoid the middle until we get a
successful 123-Breakout at some time tomorrow morning…
E-Mini
Nasdaq Day Trading Strategy
Nasdaq Day Trading Strategy
E-Mini Nasdaq is range-bound with a triangle,
trading-range, and ‘pendulum swing’ on the chart this evening…
trading-range, and ‘pendulum swing’ on the chart this evening…
The triangle is rather obvious – lower-highs
and higher-lows create a market that’s getting narrower with each candlestick…
and higher-lows create a market that’s getting narrower with each candlestick…
The triangle tells me two important things –
first, while the triangle is wide enough, I can buy the low and sell the high using
failure patterns…
first, while the triangle is wide enough, I can buy the low and sell the high using
failure patterns…
But once the triangle completes (the two
lines come together) I can expect to see a breakout in one direction up or down…
lines come together) I can expect to see a breakout in one direction up or down…
So this tells me I can take advantage of
this range in the short-term, but in the long-term I need to keep my eyes open
for a breakout higher or lower at some point tomorrow morning…
this range in the short-term, but in the long-term I need to keep my eyes open
for a breakout higher or lower at some point tomorrow morning…
Gold
Day Trading Strategy
Day Trading Strategy
Gold is bearish with a channel, measured-move,
and round number on the chart this evening…
and round number on the chart this evening…
The bear channel is a big clue because it’s
so flat, telling me the trend is weak, which tells me I need to focus on
selling as HIGH as possible tomorrow morning… most likely using the ‘2-Try
Rule’ with buyer-failures to avoid selling too low…
so flat, telling me the trend is weak, which tells me I need to focus on
selling as HIGH as possible tomorrow morning… most likely using the ‘2-Try
Rule’ with buyer-failures to avoid selling too low…
And the target for the sellers is easy with
the measured-move lined-up nicely with last week’s low down at 1195.0
the measured-move lined-up nicely with last week’s low down at 1195.0
Euro
Day Trading Strategy
Day Trading Strategy
Euro is bullish with a strong move higher, trading-range,
hidden channel, and reversal-line on the chart this evening…
hidden channel, and reversal-line on the chart this evening…
This strong move higher gets the momentum on
the side of the bulls, telling me to look for buying opportunities at support levels…
the side of the bulls, telling me to look for buying opportunities at support levels…
And whenever I see a trend reversal, I like
to use hidden channels and reversal-lines as key support levels for buying
opportunities…
to use hidden channels and reversal-lines as key support levels for buying
opportunities…
And the target for the bulls will be the measured-move
and trading-range where we finished last week…
and trading-range where we finished last week…
===========================================================
Learn the Strategy & Join the Trade Room;
Click here to register for the
Free Trial
Click here to register for the
Free Trial
