September 25, 2018
Do You Know the Objective? | Crude Oil, Emini, Nasdaq, Gold & Euro
“You want to know my secret for
success? Success is achieved when you
seek out your weaknesses and turn them into strengths.”
success? Success is achieved when you
seek out your weaknesses and turn them into strengths.”
Crude
oil is bearish and trying to complete the pendulum swing before tomorrow
morning’s news, and I have my eyes on selling off the high of a key resistance
trendline.
oil is bearish and trying to complete the pendulum swing before tomorrow
morning’s news, and I have my eyes on selling off the high of a key resistance
trendline.
E-mini
S&P is bearish with a hidden channel telling me to look for buyer
failures for selling opportunities off the high tomorrow morning
S&P is bearish with a hidden channel telling me to look for buyer
failures for selling opportunities off the high tomorrow morning
NASDAQ
is bullish and just about to complete a key market objective so I’m looking
to stay patient and buy at support levels and have my eyes on the low of a
hidden channel for tomorrow morning.
is bullish and just about to complete a key market objective so I’m looking
to stay patient and buy at support levels and have my eyes on the low of a
hidden channel for tomorrow morning.
Gold is
bullish and trading at the low of a channel, telling me to look for buying
opportunities using seller failures below the moving average, and we have a
significant opportunity for short covering rally going back to Friday’s high
bullish and trading at the low of a channel, telling me to look for buying
opportunities using seller failures below the moving average, and we have a
significant opportunity for short covering rally going back to Friday’s high
Euro is
bullish with a trading range, and my plan tomorrow is to look for buying
opportunities using seller failures below the range low.
bullish with a trading range, and my plan tomorrow is to look for buying
opportunities using seller failures below the range low.
Tomorrow is the FOMC
Announcement, telling us to make the most of the morning session, and as
always, I have a reliable plan of attack…
Announcement, telling us to make the most of the morning session, and as
always, I have a reliable plan of attack…
Crude
Oil Day Trading Strategy
Oil Day Trading Strategy
crude oil is bearish with a trading range,
bear channel, measured move, and pendulum swing on the chart this evening.
bear channel, measured move, and pendulum swing on the chart this evening.
The trading range is still our biggest clue
on this chart and with the recent rotation of the high of the range were
looking for the pendulum to swing back in the opposite direction.
on this chart and with the recent rotation of the high of the range were
looking for the pendulum to swing back in the opposite direction.
The momentum is clearly bearish telling me
to look for selling opportunities at resistance levels tomorrow morning, so I’m
looking to use the top of this range and the top of the channel for entry
patterns.
to look for selling opportunities at resistance levels tomorrow morning, so I’m
looking to use the top of this range and the top of the channel for entry
patterns.
The biggest challenge we have tomorrow is
making sure if price does push below the range, it needs to be strong enough to
convince us that momentum will carry us down to that measured move and complete
the pendulum swing, so I will be watching closely to avoid selling little small
breakdowns waiting for the large breakdown that we can then use to continue
selling at resistance on the way down to the pendulum swing, and possibly all
the way down to the weekend gap.
making sure if price does push below the range, it needs to be strong enough to
convince us that momentum will carry us down to that measured move and complete
the pendulum swing, so I will be watching closely to avoid selling little small
breakdowns waiting for the large breakdown that we can then use to continue
selling at resistance on the way down to the pendulum swing, and possibly all
the way down to the weekend gap.
It’s also important to remember tomorrow
morning is the 10:30 AM weekly inventory report so remember to set your
reminders for 10 AM Eastern time and find those trades the earlier the better.
morning is the 10:30 AM weekly inventory report so remember to set your
reminders for 10 AM Eastern time and find those trades the earlier the better.
E-Mini
S&P Day Trading Strategy
S&P Day Trading Strategy
the E-mini S&P is bearish with a trading
range, channel, hidden channel, and measured move on the chart this evening.
range, channel, hidden channel, and measured move on the chart this evening.
At this point, the trading range is the most
important clue, with a clear bear bias, it tells me to look for selling
opportunities using a two try buyer failure going back down to retest the lows
tomorrow morning.
important clue, with a clear bear bias, it tells me to look for selling
opportunities using a two try buyer failure going back down to retest the lows
tomorrow morning.
The market is bearish fun looking for
resistance levels used for selling opportunities, and no better location to
sell than the top of a bear channel, or the high of the hidden channel waiting
overhead.
resistance levels used for selling opportunities, and no better location to
sell than the top of a bear channel, or the high of the hidden channel waiting
overhead.
Assuming we can get short at resistance the
targets are back down to yesterday’s low at 17.75, with a runner down at the
measured move at 14.25.
targets are back down to yesterday’s low at 17.75, with a runner down at the
measured move at 14.25.
E-Mini
Nasdaq Day Trading Strategy
Nasdaq Day Trading Strategy
NASDAQ is bullish with a channel, a trading
range, a spike in channel, and a measured move on the chart this evening.
range, a spike in channel, and a measured move on the chart this evening.
The most important clue on this chart is
from earlier this morning the extreme at 7603.50.
from earlier this morning the extreme at 7603.50.
It’s important to remember, yesterday’s big
bull run climaxed at 7603.50, telling us that we are only a few ticks away from
reaching the bulls objective.
bull run climaxed at 7603.50, telling us that we are only a few ticks away from
reaching the bulls objective.
The market is clearly bullish, but I don’t
want to buy into the objective so I’m looking for more reliable places the buy
at support levels tomorrow morning.
want to buy into the objective so I’m looking for more reliable places the buy
at support levels tomorrow morning.
Looking for reliable support levels I have
below of this spiking channel, and the high of the previous trading range.
below of this spiking channel, and the high of the previous trading range.
If price pushes higher and then looking to
use the objective at 7603 as support for rally up to complete the measured move
at 22, or possibly the range highs at 32.75.
use the objective at 7603 as support for rally up to complete the measured move
at 22, or possibly the range highs at 32.75.
Gold
Day Trading Strategy
Day Trading Strategy
Gold is bullish with a channel, trading
range, measured move, and potential short covering rally.
range, measured move, and potential short covering rally.
Tells me the momentum is firmly on the side
of the Bulls, and I want to buy using the low of the channel with the target
going back to the highs.
of the Bulls, and I want to buy using the low of the channel with the target
going back to the highs.
The trading range is also a big clue, we can
see a bullish bias going into the trading range, telling me to look for buying
opportunities below the low of the range using seller failures and to try rule.
see a bullish bias going into the trading range, telling me to look for buying
opportunities below the low of the range using seller failures and to try rule.
I also want to be prepared for a short
covering rally, the sellers that took price lower on Fridays collapsed down, if
we see a strong spike higher the Bears may exit positions and this could get
really aggressive, sloppy watching for a spiking channel pattern going higher
and potential retest of 1215.8 tomorrow morning.
covering rally, the sellers that took price lower on Fridays collapsed down, if
we see a strong spike higher the Bears may exit positions and this could get
really aggressive, sloppy watching for a spiking channel pattern going higher
and potential retest of 1215.8 tomorrow morning.
Euro
Day Trading Strategy
Day Trading Strategy
Euro is bullish with a trading range, bull
channel, measured move, and reversal line on the chart this evening.
channel, measured move, and reversal line on the chart this evening.
the trading range has a bias telling me to look for buying
opportunities below the range low using support levels tomorrow morning.
opportunities below the range low using support levels tomorrow morning.
Looking for support levels, we have a reversal line around
18,000, the low of this channel is below the range and the measured move is
below the range.
18,000, the low of this channel is below the range and the measured move is
below the range.
My plan for tomorrow is to buy at support using seller
failures and I have my eyes on this battle zone.
failures and I have my eyes on this battle zone.
If price rises higher I can look to sell using the to try
rule for the Bears.
rule for the Bears.
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