Combine Multiple Strategies
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Tonight, we’re combining two reliable trading strategies into one big “SUPER STRATEGY”, which means we have all the information we need to find some great trading opportunities on Friday morning.
Crude Oil is bullish, but a short-term trading-range is telling me I need to wait for the pullback before I look for buying opportunities tomorrow morning.
E-Mini S&P is sideways, which means I’m looking to buy the low and sell the high using failure patterns tomorrow morning.
Nasdaq is bullish and just about to hit the major objective, which means we’re too high to buy, and I’m waiting for the next deep pullback to get serious about this market again.
Gold is bullish and trying to run back into the weekly range, but there’s one BIG problem standing in my way — luckily, I have a plan!
Euro is extremely bearish after Super Mario’s speech this morning, but that’s not going to stop me from looking LONG into Friday’s session – think I’m crazy? (I don’t blame you!)
Crude Oil is Waiting for a Pullback
Crude Oil is bullish, which tells me to look for buying opportunities at support levels, such as the low of this Hidden Channel.
But the real support levels I’m looking for are the range expansion levels down around 52.80 tomorrow morning.
E-Mini S&P is Range-Bound and Sideways
There is a slight bull momentum on the E-Mini S&P tonight, which tells me to look for buying opportunities underneath the range.
If we get the pullback off these highs, my goal is to use this Hidden Channel for buying opportunities using the 2-Try Failure pattern.
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“Everybody has bad breaks. I had a ton of bad breaks. But you know what I did? I figured out what I did wrong and I moved forward.”
Nasdaq is Inches Away from It’s Objective
The bulls have control on the Nasdaq, but since we’re only a few points away from the objective (6724) the best plan is to look for a pullback.
I love the combination of the Hidden Channel lows with the range-expansion support levels for buying opportunities tomorrow morning.
Gold Might Be Looking for a Fight
Gold is bullish and trying to go back into the weekly range, but this resistance trend-line is really getting in our way.
Knowing this, my plan is to avoid trading into the overhead resistance by waiting for a pullback to a similar trend-line, but using it as support.
Euro is Screaming Lower – But Will It Continue?
Yes, the Euro is certainly bearish with a strong run lower, but look closely and you can see we’re at the low of this channel.
I don’t want to sell these lows (id rather be a buyer at the lows) but the momentum is too strong for the bears, so my plan is to use the “nested” 2-Try Failure pattern for buying opportunities going back to the range high.