September 27, 2018
Wedge Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
“Twenty years from now you will be more
disappointed by the things that you didn’t do than by the ones you did do. So
throw off the bowlines. Sail away from the safe harbor. Catch the trade winds
in your sails. Explore. Dream. Discover.”
disappointed by the things that you didn’t do than by the ones you did do. So
throw off the bowlines. Sail away from the safe harbor. Catch the trade winds
in your sails. Explore. Dream. Discover.”
Crude
Oil is range-bound with a triangle, so my focus is on 2-Try Failure
patterns around the swings of the triangle tomorrow morning…
Oil is range-bound with a triangle, so my focus is on 2-Try Failure
patterns around the swings of the triangle tomorrow morning…
E-Mini
S&P is bearish with a trading-range, telling me to fade the breakouts
at the highs and lows…
S&P is bearish with a trading-range, telling me to fade the breakouts
at the highs and lows…
Nasdaq is
bullish with a Spike & Range, so I’m looking for buying opportunities using
the range-expansion as support tomorrow morning…
bullish with a Spike & Range, so I’m looking for buying opportunities using
the range-expansion as support tomorrow morning…
Gold is
bearish with a Spike & Range pattern, telling me to sell the high using
a 2-Try Failure pattern…
bearish with a Spike & Range pattern, telling me to sell the high using
a 2-Try Failure pattern…
Euro is
bearish with a wedge, but it’s the hidden channel overhead that I hope to
use for selling-opportunities tomorrow morning…
bearish with a wedge, but it’s the hidden channel overhead that I hope to
use for selling-opportunities tomorrow morning…
We’re gearing-up for some volatility tomorrow morning – with
the end of the week colliding with the end of the month there will surely be
some fireworks and profitable
trading-opportunities…
the end of the week colliding with the end of the month there will surely be
some fireworks and profitable
trading-opportunities…
Crude
Oil Day Trading Strategy
Oil Day Trading Strategy
Crude Oil is range-bound with a triangle and
measured-move on the chart this evening…
measured-move on the chart this evening…
The range is a triangle, telling me to fade
the breakouts – sell the high, buy the low using a 2-Try Failure pattern, focusing
on the swings that make up the triangle…
the breakouts – sell the high, buy the low using a 2-Try Failure pattern, focusing
on the swings that make up the triangle…
The triangle also tells me to expect a
strong attempted breakout when the triangle gets too narrow (possibly down to fill
the weekend gap at 70.71), but unless we see a successful 123-Breakout I would
expect price to return back into the range tomorrow morning…
strong attempted breakout when the triangle gets too narrow (possibly down to fill
the weekend gap at 70.71), but unless we see a successful 123-Breakout I would
expect price to return back into the range tomorrow morning…
E-Mini
S&P Day Trading Strategy
S&P Day Trading Strategy
E-Mini S&P is bearish with a trading-range,
and measured-move on the chart this evening…
and measured-move on the chart this evening…
The trading-range is the big clue, telling
us to buy the low and the sell the high using a 2-Try Failure pattern tomorrow
morning…
us to buy the low and the sell the high using a 2-Try Failure pattern tomorrow
morning…
I’m always looking for support and
resistance levels above and below the range to combine with entry pattern – we have
a resistance trend-line coming down overhead and the range from yesterday below
the range…
resistance levels above and below the range to combine with entry pattern – we have
a resistance trend-line coming down overhead and the range from yesterday below
the range…
E-Mini
Nasdaq Day Trading Strategy
Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a Spike &
Range pattern on the chart this evening…
Range pattern on the chart this evening…
The Spike & Range is bullish, telling me
to look for buying opportunities using a 2-Try Failure pattern at support levels
below the range low…
to look for buying opportunities using a 2-Try Failure pattern at support levels
below the range low…
I would love to find buying opportunities using
the range expansion, combined with the prior swing-lows down around 7650 tomorrow
morning…
the range expansion, combined with the prior swing-lows down around 7650 tomorrow
morning…
Gold
Day Trading Strategy
Day Trading Strategy
Gold is bearish with a Spike & Range, Spike
& Channel, and reversal-line on the chart this evening…
& Channel, and reversal-line on the chart this evening…
The Spike & Range is the only real
concrete pattern we have at this point, telling me to look for selling-opportunities
using a 2-Try Failure above the highs of the range tomorrow morning…
concrete pattern we have at this point, telling me to look for selling-opportunities
using a 2-Try Failure above the highs of the range tomorrow morning…
With the bearish momentum im looking for resistance
levels overhead to combine with entry patterns, and I’m watching the potential Spike
& Channel, along with the prior swings, including the reversal-line up at
94.6 for a move back down to the re-test the low tomorrow morning…
levels overhead to combine with entry patterns, and I’m watching the potential Spike
& Channel, along with the prior swings, including the reversal-line up at
94.6 for a move back down to the re-test the low tomorrow morning…
Euro
Day Trading Strategy
Day Trading Strategy
Euro is bearish with a wedge, channel, hidden
channel, measured-move, and prior week low on the chart this evening…
channel, measured-move, and prior week low on the chart this evening…
The wedge is bearish and getting narrower
with each new candlestick, telling me to look for selling-opportunities after a
relatively deep correction off the lows…
with each new candlestick, telling me to look for selling-opportunities after a
relatively deep correction off the lows…
The bear wedge also tells me the target,
where the two trend-lines intersect, which lines-up with the prior week low as
key support for the bears…
where the two trend-lines intersect, which lines-up with the prior week low as
key support for the bears…
The momentum is clearly bearish, so im
looking for resistance levels to combine with entry patterns, and I have my
eyes on the high of this hidden channel drawn overhead for a ‘2-Try Rule’ buyer-failure
and a move back down to the low tomorrow morning…
looking for resistance levels to combine with entry patterns, and I have my
eyes on the high of this hidden channel drawn overhead for a ‘2-Try Rule’ buyer-failure
and a move back down to the low tomorrow morning…
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