Capitalize on the Crowds | Crude Oil, Emini, Nasdaq, Gold & Euro
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Crude Oil is bullish, but we’re running into the high of last week’s range, so I want to stay away from buying breakouts and focus on “traps” tomorrow morning…
E-Mini S&P is bearish with a triangle, so my plan is to look for selling-opportunities using buyer-failures up above the range tomorrow morning…
Nasdaq is bullish within a range this evening, so my plan is to buy the lows, and I’m watching a measured-move for the entry location…
Gold is range-bound with a triangle, and with price trying to break out to new lows, I’m looking for buying opportunities using the 2-Try Seller-Failure pattern…
Euro is bearish with a strong spike lower, telling me to look for selling-opportunities off the high of a hidden channel tomorrow morning…
Crude Oil Day Trading Strategy
Crude Oil is bullish with a wide trading-range, resistance trend-line, measured-move, and Spike & Channel on the chart this evening…
Crude Oil is clearly range-bound in the big picture, but the short-term momentum is bullish as price rotates off the lows, telling me I should be able to get at least one more buying opportunity before we finish the ‘pendulum swing’ and the measured-move tomorrow morning…
Knowing this, I need to avoid buying into this falling resistance near the range high, staying patient for price to pull back into my battle-zone for “traps” and “seller-failures” for a move going back up to the highs…
E-Mini S&P Day Trading Strategy
E-Mini S&P is bearish with a triangle and measured-move on the chart this evening…
The triangle tells me to buy the low and sell the high using the 2-Try Failure pattern, and with the momentum leaning to the sell-side, my focus will be selling up near the highs using the buyer-failure pattern tomorrow morning…
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E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a triangle, measured-move, and Spike & Channel on the chart this evening…
The overall chart is range-bound and sideways, but with this recent “overshoot” of the lows, resulting in this ‘pendulum swing’ back higher again, the buyers have the momentum and I want to trade with them until they complete this measured-move tomorrow morning…
Knowing this, I’m looking for support levels to combine with my entry patterns, and I have the Spike & Channel (which tells me to look for a deep pullback) combined with the measured-move telling me exactly where to look…
Gold Day Trading Strategy
Gold is sideways with a triangle on the chart this evening…
Gold has been sloppy and range-bound in the month of October, which for some traders can be a nightmare, but for anyone who watches this newsletter, you know that ranges are quite simple, assuming you have the correct strategy and mindset…
The range is the big clue – telling me to fade the breakouts at the highs and lows using the 2-Try Failure pattern tomorrow morning…
The hardest part of trading a range-bound market is avoiding the middle – which is why I said that “mindset” is crucial for trading with ranges, so stick to the edges, buying low and selling high.
Euro Day Trading Strategy
Euro is bearish with a strong bear spike, hidden channel, and measured-move on the chart this evening…
The momentum is bearish, so the plan is to sell at resistance levels overhead, and with such a strong run lower, it’s easy to think the next retracement to resistance is most likely going to be sold…
Knowing this, I’m on the hunt for reliable resistance levels, and I have my eye on this hidden channel, in combination with the prior swing-highs for the most reliable selling-opportunities tomorrow morning…
