Thanksgiving Trading Strategy

“Once you understand what excellence is all about…you see how excellence manifests itself in any discipline.”

Crude Oil is bearish with a $4.00 move lower, telling me to anticipate a range tomorrow morning and plan to use buyer-failures up above the moving-average for a selling-opportunities…

E-Mini S&P is bearish and trading at the low of a range, telling me to look for selling-opportunities up at the highs, but in the short-term I’m looking for the sellers to fail for a scalp going back up to the highs…

Nasdaq is bearish with a triangle, telling me to fade the breakouts using the 2-Try Failure pattern tomorrow morning…

Gold is bullish with a trading-range, and I’m waiting patiently to look for buying opportunities after the sellers complete the ‘pendulum swing’ off the highs…

Euro is bearish with a strong run lower, so my plan for tomorrow is to find selling-opportunities at the high of this channel before we get to the key support level only a few points below us…

We’re headed into the Thanksgiving Holiday on Thursday, and with a TON of major news on the schedule tomorrow, I’m expecting tomorrow to be a little chaotic, but that’s not going to stop us from finding some reliable trading-opportunities in tonight’s newsletter…

Crude Oil Day Trading Strategy

Crude Oil is bearish with a strong move lower, Spike & Channel, and measured-move on the chart tonight…

The strong move down gives the bears the momentum, telling me to look for selling-opportunities at resistance levels overhead…

The high of this Spike & Channel will make for an excellent resistance area to start looking for buyer-failures to sell into stops for a collapse back down to the lows…

It’s also important to remember that any time we see such a strong move in one session, the following day is almost always a trading-range, so I’m going to keep my eyes open for double-bottoms, flat moving-average, and if that happens, start fading the bull breakouts using the ‘2-Try Rule’.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a trading-range and ‘pendulum swing’ on the chart this evening…

The bears have the momentum, telling me to look for selling-opportunities up at the high of this range using the ‘2-Try Rule’…

But in the short-term, i’m looking for these sellers to fail pushing lower, looking for a buying opportunity going back to the highs with the “nested” 2-Try Failure pattern…

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a triangle this evening, which tells me the most reliable trading opportunities will be selling above the high of the range using the 2-Try buyer-failure pattern…

And if price tries to push lower, im certainly open-minded to buying off the lows, but im going to use the “nested” 2-Try Failure pattern to make sure I allow the sellers to completely exhaust their momentum going lower before getting long…

Gold Day Trading Strategy

Gold is bullish with a trading-range, resistance trend-line, and measured-move on the chart this evening…

The bulls have the momentum going into this trading-range, so my goal is to buy the lows of this range using the 2-Try seller-failure pattern…

And with the ‘pendulum swing’ coming off the highs, Id like to wait for another leg lower to complete the ‘pendulum swing’ and then try using this resistance trend-line as support with the 2-Try Failure going back to the range highs tomorrow morning…

Euro Day Trading Strategy

Euro is bearish with a strong move lower, a bear channel, and a support trend-line waiting below…

The strong trend down tells me the bears have control, so my goal is to sell at resistance levels, such as the high of this channel, or even better, up in the battle-zone overhead…

My only concern, however, if price goes lower is this support trend-line, which tells me I need to use bull-traps ahead of the trend-line, or wait for a breakout-pullback as we push below the trend-line tomorrow morning…