Battle Zone Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
Click here to download today’s charts
“Do not wait to strike till the iron is hot; but make it hot by striking.” – William B. Sprague
Trade with Me Tomorrow as a New Client
Crude Oil is bullish with a Spike & Range, telling me to look for buying opportunities using seller-failures, and I’m watching a key support trend-line coming up from last week for buying opportunities using the ‘2-Try Rule’…
E-Mini S&P is bullish with a Spike & Range, telling me to look for buying opportunities below the range, and I have my eye on a reversal-line support level for a seller-failure and a run back to re-test the high…
Nasdaq is bullish with a flag pattern, telling me to look for a breakout-pullback using the high of the channel for buying opportunities…
Gold is range-bound and sideways tonight, telling me to focus on failures to buy the low, sell the high, and avoid the middle…
Euro is bullish with a range tonight, telling me to look for buying opportunities using seller-failures below the range tomorrow morning…
We’re expecting to see an up-tick in volume as we head into Quadruple Witching this week, and I have my eye on some key Battle-Zone levels for trading opportunities…
Crude Oil Day Trading Strategy
Crude Oil is bullish with a trading-range, support trend-line, and measured-move on the chart tonight…
The trading-range is bullish after the strong run in the pre-market this morning, telling me to focus on buying opportunities using seller-failures at support levels below the range…
I can’t think of any better support levels than combining this rising support trend-line along with the range-expansion level at .97…
The only concern I have tomorrow morning is TIME… knowing that the weekly Inventory Report is scheduled 10:30am EST and my window of opportunity is much smaller than normal.
E-Mini S&P Day Trading Strategy
E-Mini S&P is bullish with a Spike & Channel, trading-range, measured-move, and reversal-line on the chart tonight…
The Spike & Channel tells me the momentum is clearly bullish, but more importantly, most Spike & Channel patterns give us this nice, DEEP pullback before re-testing the high… so we need to stay patient for that…
The trading-range has a clear bull bias, telling us to look for buying opportunities below the range using seller-failures and the ‘2-Try Rule’…
And of course, the best buying opportunities always include levels of support, and I have my eyes on the range-expansion support in combination with the battle-zone down around the reversal-line at 07.50 tomorrow morning…
Learn the Strategy – Join the Free Trading Course
E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a flag pattern, measured-move, and GAP on the chart tonight…
The bull flag is a tricky pattern because it looks like the market is bearish with a bear channel, but look left and you can see that strong momentum for the bulls is going to take a LOT MORE than this wimpy pullback to give the sellers the control they need to run back down to the lows…
Knowing the buyers have control, the plan is either to get a deep pullback below this channel, or use a breakout-pullback above the channel tomorrow morning…
And if I’m wrong, and the sellers DO take control, it’s going to be obvious because the bottom will drop out and this price-action will collapse through the battle-zone…
Gold Day Trading Strategy
Gold is range-bound with a triangle, measured-move, and hidden channel on the chart tonight…
The triangle is neutral, no bias, telling me I can trade both sides of this market…
My goal is to buy the low, sell the high, and avoid the middle, using the ‘2-Try Rule’ for the most reliable trading opportunities…
I’m looking for support and resistance levels above and below the range, and the measured-move, hidden channel, and swings on the chart will be my focus…
Euro Day Trading Strategy
Euro is bullish with a trading-range, ‘pendulum swing’, strong bear move, and resistance trend-line on the chart this evening…
The trading-range is bullish from yesterday’s session, telling us to focus on buying opportunities using the ‘2-Try Rule’ at support levels below the range…
The ‘pendulum swing’ is a great support level, showing symmetry from the move above the range, now down below the range…
But the big challenge is this strong momentum for the sellers as this market collapsed off the highs…
Remember – any time you see a strong move in one direction you’re most likely going to see another leg (or at least a strong attempt at one)…
Knowing this, I can’t rely on the usually seller-failure at the moving-average – I need to anticipate that sellers are going to be looking for that, and wait for them to try and trap the buyers before sending lower…
So the plan is to look for the seller-failure at the moving-average, but wait for the trap to fail and buy into the stops of the sellers with a target going back up to re-test the high…
