June 13, 2018
Trading Strength Moves | Crude Oil, Emini, Nasdaq, Gold & Euro
“Once you have mastered time, you will understand how true it is that most people overestimate what they can accomplish in a year – and underestimate what they can achieve in a decade!”
Crude Oil is range-bound and trading at the highs of the range this evening, telling me to focus on failures for selling-opportunities going back down to the range lows tomorrow morning…
E-Mini S&P is range-bound and trading down at the lows this evening, and the STRENGTH of this move lower tells me to stay patient and wait for the momentum to turn bullish before looking for buying opportunities tomorrow morning…
Nasdaq is range-bound with a triangle pattern, so my plan is to buy the low, sell the high, and focus on failures tomorrow morning…
Gold is range-bound and trading at the high of the range this evening, and the STRENGTH of this recent run higher is telling me to wait for the ‘2-Try Rule’ to look for selling-opportunities tomorrow morning…
Euro is range-bound and trading in the middle of the triangle, and with major news only a few hours away, my plan is to focus on failures, fading the breakouts using the ‘2-Try Rule’ going back into the range tomorrow morning…
We’re half-way through this week of major news – and with most markets rotating back and forth with STRONG runs inside their trading-ranges, our goal tomorrow is harness the power of the ‘2-Try Rule’ and keep fading the breakouts back into the range until something changes…
Crude Oil Day Trading Strategy
Crude Oil is range-bound and trading at the high of the range this evening…
I want to sell these highs using buyer-failures, but the STRENGTH of this move higher, combined with the potential for the ‘pendulum swing’ to keep pushing higher tells me to wait for proof the momentum has changed before selling-opportunities back down to the lows tomorrow morning…
E-Mini S&P Day Trading Strategy
E-Mini S&P is range-bound and trading down below the lows of the range this evening…
I want to buy these lows using seller-failure patterns, but the STRENGTH of this move lower has such momentum that I need to wait for the sellers to exhaust on the next test of the moving-average before looking for buying opportunities going back up into the range tomorrow morning…
E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is range-bound with a triangle pattern this evening, telling me to fade the breakouts using the ‘2-Try Rule’ and failure patterns tomorrow morning…
We’re trading at the low of the triangle, so I’m looking for buying opportunities, but the STRENGTH of this recent move lower tells me to allow the sellers to try once more before I try buying back inside the range tomorrow morning…
Gold Day Trading Strategy
Gold is range-bound and trading back to the high of the range with a STRONG run higher…
I want to sell the high of the range using the ‘2-Try Rule’ and buyer-failures, but the STRENGTH of this move higher tells me to expect buyers waiting on the next pullback to the moving-average, so I need to wait for their next attempt to run out of momentum before I fade this move back down into the range tomorrow morning…
Euro Day Trading Strategy
Euro is range-bound and trading in the middle of the triangle this evening as the market waits to hear from Mario Draghi tomorrow morning…
My plan for trading with a triangle is to focus on failures around the edges of the triangle, selling the ‘2-Try Rule’ with buyer-failure, and buying the ‘2-Try Rule’ with seller-failure at the edges of the triangle…
The only question at this point is – what does Draghi do tomorrow morning?
(and remember to keep watching volume for contract rollover!)
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