Optimized Trading Strategy

We’re looking at range-bound markets on most of the charts this evening, which tells me to keep buying low, selling high, and avoiding the middle…

And when it comes to trading these “balanced” markets, it’s all about waiting for the attempted breakouts, and trading into their failures – are you ready?

Crude Oil Runs Lower on Strength (But Will It Last?)

Crude Oil is bearish with a strong run lower to finish today’s session, and any time I see a strong move like this, I know the short-term momentum will most likely give me the opportunity to sell another leg down.

Knowing this, I’m looking for a sell set-up up near the high of a Hidden Channel, with a target using the measured-move waiting below…

But I’m also keeping an eye on a bullish reversal-line, because it doesn’t take much experience to “look left” and see the overall bull trend – but I need to wait for this momentum to shift with a 123-Reversal before I can go hunting back to the upside on Tuesday morning.

E-Mini S&P Needs to Stretch It’s Legs!

E-Mini S&P is bullish and trading sideways inside a narrow trading-range this evening – and the word “narrow” is the big clue we want to use tomorrow morning…

Narrow ranges don’t give us much to work with, so my plan is to wait for a large breakout attempt, and use the 2-Try Failure pattern to trade back inside that original range.

Nasdaq Wants That $8,000 Level (But Look Closely!)

Nasdaq is bullish and trying to complete the run up to 8,000, but if you look closely at the chart, it’s easy to see that we spent most of the day inside a range…

And that range tells me I cannot buy this new high because it’s a breakout – the more reliable strategy is to wait and buy below the range using a seller-failure set-up instead.

Gold is Trapped Inside a Triangle

Gold is bullish into a balanced range this evening, which tells me to avoid the middle, buy the low, and sell the high using failure patterns tomorrow morning.

Knowing this, I’m on the hunt for reliable support and resistance levels above and below the range, and I can see some important levels “hiding” in plain sight, can you?

Euro Wants That Hidden Channel (See It?)

Euro is bullish into a wide trading-range, which tells me to break-up this range into thirds and use those levels to buy the low, sell the high, and avoid the middle on Tuesday.

And since we’re bullish, I’m looking for support levels below the range to use in combination with my entry set-ups – and I found just the right fit using a Hidden Channel.

“Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan ‘Press On’ has solved and always will solve the problems of the human race.”