Trading with Confluence
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Crude Oil is bearish with a Spike & Channel, and my plan is to look for selling opportunities above the high, trying to include a hidden channel with my entry set-up tomorrow morning.
E-Mini S&P is bearish with a strong move lower, which I’m expecting will turn sideways into a range, so my plan is to fade the bull breakouts using the ‘2-Try Rule’.
Nasdaq is bearish with a Spike & Channel, and my plan is to look for entry patterns to sell above the channel high.
Gold is bullish with a Spike & Range, telling me to look for buying opportunities below the range, and I have my eyes on a hidden channel for the set-up tomorrow morning.
Euro is bearish and back inside yesterday’s trading-range, and with such strong momentum for the bears, I’m expecting another leg lower, then I can start buying with seller-failures.
Crude Oil Day Trading Strategy
Crude Oil is bearish with a Spike & Channel, hidden channel, and measured-move on the chart tonight.
The bearish momentum tells me to look for selling-opportunities at resistance levels, and I have the high of the Spike & Channel along with the hidden channel to use in combination with my entry patterns.
It’s also important to keep an eye on the measured-move because (if we go lower) then I need to shift my focus on bull-traps to avoid selling too low.
E-Mini S&P Day Trading Strategy
E-Mini S&P is bearish with a strong move lower into a Spike & Channel.
The bear momentum tells me to sell up at resistance levels, and the Spike & Channel tells me to expect a DEEP pullback before I get the opportunity to sell it back down again.
It’s also important to remember that this market had a large move down today, which often turns into a range the following day.
If we turn sideways, then the plan shifts to sell into buyer-failures using the ‘2-Try Rule’.
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E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bearish with a Spike & Channel this evening.
The Spike & Channel tells me to focus on selling bull traps and buyer-failures up above the high of the channel tomorrow morning.
And with such a large move lower today, we may also see this market turn sideways with a range, in which case, the plan will shift to fading the bull breakouts using the 2-Try Failure pattern.
Gold Day Trading Strategy
Gold is bullish with a trading-range and a hidden channel on the chart.
The bullish momentum tells me to buy at support levels, and the trading-range tells me to find those support levels below the range low.
My plan is to look below the range, using support levels such as the hidden channel in combination with a 2-Try Failure pattern for buying opportunities going back up into the range tomorrow morning.
Euro Day Trading Strategy
Euro is bearish with a strong move back into the original trading-range from yesterday.
The strong bear move tells me to expect another leg lower, and the trading-range tells me to fade the breakouts, so my plan is to wait for that next leg lower, than look for seller-failures to buy going back up into the range.
