July 17, 2018
Double-Down Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
“Setting a goal, writing the goal down, and taking action are the first steps in turning the invisible into the visible.”
Crude Oil is bearish with a Spike & Range ahead of contract rollover and the weekly inventory report, telling me to look for selling-opportunities using buyer-failures up above the range high tomorrow morning…
E-Mini S&P is bullish with a Spike & Range pattern, telling me to look for buying opportunities using seller-failures below the range low tomorrow morning…
Nasdaq is bullish with a Spike & Channel pattern, telling me to look for buying opportunities using traps at the “base” of the channel tomorrow morning…
Gold is bearish after a successful range breakout, but the strength of this move lower never gave the sellers an opportunity to “sell high”, so my plan is to look for that opportunity with a correction up into the ‘battle zone’ tomorrow morning…
Euro is bearish with a strong run lower, telling me to look for selling-opportunities using the high of a “hidden channel” tomorrow morning…
We had some big runs in today’s session, and the best way to find targets is to use the Double-Down technique…
Crude Oil Day Trading Strategy (09-18 Contract)
Crude Oil is bearish with a Spike & Range pattern this evening, telling me to look for selling-opportunities above the high using the ‘2-Try Rule’ with a seller-failure, or look for a successful breakout-pullback to new lower-lows tomorrow morning…
It’s also important to remember that tomorrow is both ROLLOVER and INVENTORY DAY, which means we need to be realistic with our expectations.
E-Mini S&P Day Trading Strategy
E-Mini S&P is bullish with a Spike & Range pattern this evening, which tells me to look for buying opportunities down below the low of the range using a seller-failure pattern, or buying opportunities up above the range with a successful breakout-pullback tomorrow morning…
E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a strong Spike & Channel pattern this afternoon…
Spike & Channel patterns tell me to look for a deep pullback, preferably down to the base of the channel, and I have my eye on the low of this “hidden channel” for reliable support levels for buying opportunities tomorrow morning…
Gold Day Trading Strategy
Gold is bearish after a successful breakout of yesterday’s trading range…
This strong move lower never pulled-back to the moving-average today, telling me there are likely many sellers who will be patiently waiting for an opportunity to sell as high as possible tomorrow, so my plan is to look for selling-opportunities with a deep pullback, preferably up in the ‘battle zone’ tomorrow morning…
Euro Day Trading Strategy
Euro is bearish with a strong move lower this afternoon, and with a strong bear channel, combined with a “hidden channel”, I’m looking for selling-opportunities off resistance levels for a target going back down to last Friday’s low…
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