‘Midline’ Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
Join the FREE Trading Course Click Here to Download Today’s Charts
“But my glory, it doesn’t happen in front of a crowd. It doesn’t happen in a stadium or on a stage. There are no medals handed out. It happens in the darkness of the early morning. In solitude. Where I try. And I try. And I try again. With everything I have, to be the best that I can possibly be.”
Crude Oil is bearish with a range, so I’m looking for selling-opportunities up at the high, and I have a key resistance trend-line on my radar tomorrow morning…
E-Mini S&P is bearish with a hidden channel pattern, so I’m looking for selling-opportunities using traps and buyer-failures up at the highs of the channel…
Nasdaq is bearish with a Spike & Range pattern, so im looking for selling-opportunities using buyer-failures above the range…
Gold is bullish with a trading-range, telling me to look for buying opportunities using seller-failures below the range tomorrow morning…
Euro is bearish with a Spike & Channel pattern, telling me to look for a relatively deep correction off the lows before using the 2-Try Failure pattern to sell back down to the low…
We’re ready to wrap-up another amazing week in the markets with some big opportunities for Friday morning’s trading session…
Crude Oil Day Trading Strategy
Crude Oil is bearish with a Spike & Range, resistance trend-line, measured-move, and hidden channel on the chart this evening…
We have a lot of possibilities on this chart tonight – but lets be clear, the only thing we really know for sure is the bears have control, and today finished with a double-bottom – which tells me this is a range – and the plan is always to focus on selling the high of a bear range using the 2-Try buyer-failure pattern…
Knowing this – I have my eye on this resistance trend-line, to be used in combination with the ‘2-Try Rule’ at the high of the range…
But if price keeps going lower, my plan is to switch to use this hidden channel – waiting for price to rotate back to the highs so I can sell it back down again to finish this measured-move tomorrow morning…
E-Mini S&P Day Trading Strategy
E-Mini S&P is bearish with a Spike & Range, hidden channel, and support trend-line on the chart tonight…
The bears have the momentum, so my plan is to look for selling-opportunities at resistance levels tomorrow morning…
With the day ending in a range, I can use the range-expansion levels above us as resistance, which line-up nicely with the high of this hidden channel…
The only obstacle I can see at this point is this rising support trend-line – telling me I need to either sell high enough to avoid it as support, or wait to break below it and use it as resistance for the sell back down to the lows tomorrow morning…
Learn the Strategy – Join the Free Trading Course
E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bearish with a Spike & Range, hidden channel, and support trend-line on the chart this evening…
The bears have the momentum with a strong move lower that finished with a range – so I’ve marked the range-expansions on both sides, and will be looking for selling-opportunities using the 2-Try buyer-failure pattern up above the highs tomorrow morning…
The only challenge I can see at this point – is this rising support trend-line – telling me I need to sell high enough to ensure I have enough room to get a decent target, or I need to wait patiently to get below the trend-line and use it as resistance for a run back to the lows…
Gold Day Trading Strategy
Gold is bullish with a trading-range and support trend-line on the chart this evening…
Just as expected, the 2nd try for the sellers was a failure and price shot back up into the range from earlier this week…
Now the bulls have the momentum, but they wont be too keen on buying into these highs, telling me the most reliable buying opportunities will most likely come from another 2-Try Seller-Failure down below the range tomorrow morning…
Euro Day Trading Strategy
Euro is bearish with a Spike & Channel, measured-move, and round number on the chart this evening…
The bears have control, but finished the session three (3) legs lower, and right on the 15,000 round number… which tells me that this market is most likely ready for some profit-taking tomorrow morning…
The momentum is bearish, so my plan is to look for selling-opportunities up at resistance levels overhead, and I can see a reversal-line and the high of this Spike & Channel as perfect locations to start looking for buyer-failures and a move back down to re-test the lows…
