Fake-Out Breakout Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

“Discomfort is your friend. It doesn’t matter if you’re sick, if you have other stuff going on, etc.… if you’re a pro, you go to work and get the job done.”

Crude Oil is bullish into consolidation tonight, so I’m looking for a failed bear breakout for buying opportunities tomorrow morning…

E-Mini S&P is bullish with a WIDE channel, which tells me to look for a deep pullback, followed by seller-failures for buying opportunities back to the high.

Nasdaq is bullish with a Spike & Channel, so my plan is to buy the low of the channel, and there’s one BIG clue telling me which pattern will work best.

Gold is bullish with a range, so my plan is to look for buying opportunities below the range low using the 2-Try Failure pattern.

Euro is bearish and I’m waiting to see if the chart turns into a range for tomorrow, because my plan will be much different if it does.

Crude Oil Day Trading Strategy

Crude Oil is bullish with a trading-range and a possible hidden channel on the chart tonight.

The momentum is clearly bullish, so my plan is to buy below this range using the 2-Try seller-failure pattern.

I would also like to include the low of this hidden channel in some way tomorrow morning… I just need to get the pullback.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Channel pattern on the chart, so I need to stay patient and look to buy into seller-failures on a deep pullback tomorrow morning.

The challenge is going to be staying patient – the channel is very WIDE, which means the momentum is going to build as the market moves lower, and I need to wait for the sellers to try twice before trying to buy the lows.

Learn the Strategy – Join the Free Trading Course

E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq bullish with a wide Spike & Channel, so my plan is to look for buying opportunities off the low of this channel.

One of the most important clues for me is how WIDE this channel is.

Wide channels tell me that momentum is going to be powerful for the bears when we re-test the channel low, so I’m going to look for a nested 2-Try Failure pattern for the most reliable opportunity to buy back up to re-test the high.

Gold Day Trading Strategy

Gold is bullish and trading with a wide range, so I’m looking to buy below the range lows using the ‘2-Try Rule’ tomorrow morning, but the WIDTH of this range reminds me that “a wide range means a wide 2-try”, so I need to stay patient.

Euro Day Trading Strategy

Euro is bearish with a strong move lower to finish today’s session, but the way we’ve finished today’s session right at the low is a big concern for me.

I want to sell this market, but I don’t want to “sell low”.

Knowing this, if price bounces off this low, then I have to assume it’s a range, and my focus will be selling into buyer-failures using the ‘2-Try Rule’.

If price keeps pushing lower with strength, then I can resume selling retracements as soon as the moving-average clears today’s low.