Run the Stops Strategy

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The markets gave us a couple big, unexpected moves this morning – which means it should be easy to “run the stops” of all the rookies who get caught chasing the price-action tomorrow morning.

Crude Oil is bearish, but this recent pullback is really strong for the bulls, so I’m going to wait for the bulls to try and buy the next pullback before I try selling into their stops.

E-Mini S&P is bullish after a beautiful crown reversal off the lows, and now I’m hunting for a way to run the stops of the sellers for a short-covering rally going higher.

Nasdaq is bullish after a 123-Reversal off today’s low, so I’m looking for buy set-ups ahead of a possible rally back into yesterday’s trading-range overhead.

Gold is bullish into a range, which tells me to look for buying opportunities using seller-failures below the range low.

Euro is bearish with a range, which tells me to fade the breakouts, buying the low and selling the high using failure patterns tomorrow morning.

Crude Oil is Bearish, But Did You See The Pullback?

Crude Oil is bearish, which tells me to look for selling-opportunities at resistance levels, such as the high of this bear channel.

The problem, however, is the strength of this pullback off the low – which is sure to give the bottom-pickers the confidence to try buying the next pullback.

Knowing this, my plan is to look for selling-opportunities but only after the buyers try and fail TWICE on the next pullback.

E-Mini S&P is Bullish After a Crown Reversal

E-Mini S&P looks ready for a short-covering rally after a near-perfect reversal off today’s low.

The only challenge I see at this point is waiting for the pullback to a support level, such as the low of this bull channel.

With that said, my plan is to wait for the pullback and then look to “run the stops” of the sellers with a failure pattern off the low.

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“The remarkable thing we have is a choice every day regarding the attitude we will embrace for that day. We cannot change our past… We cannot change the fact that people will act in a certain way. We cannot change the inevitable. The only thing we can do is play on the one string we have, and that is our attitude.”

Nasdaq is Bullish with a 2-Try Failure

Nasdaq is bullish after the sellers failed twice to hold the market lower, which tells me to look for buying opportunities at support levels to run the stops going higher tomorrow morning.

Knowing this, my plan is to buy the low of this bull channel with the right entry pattern or look for traps if the short-covering rally starts without me.

Gold is Bullish, But Watch the Range

Gold is bullish after today’s strong rally higher, which tells me to look for buying opportunities at support levels, such as the low of this small trading range.

The challenge I see, however, is this resistance trend-line coming down overhead.

With that said, I need to look for buying opportunities as LOW as possible to avoid buying into that resistance trend-line.

Euro is Bearish, But Did You See This Range?

Euro is bearish, but the way this price-action is reacting this afternoon, it looks like we’re heading into a range tomorrow morning.

Knowing this is a range, my plan then shifts to buying low and selling high using failure patterns.