Trading the “Market Mistake” | Crude Oil, Emini, Gold, Euro, FDAX

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“Success seems to be connected with action. Successful people keep moving. They make mistakes but don’t quit.” 

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Crude Oil is bullish with a Spike & Channel this evening, and a key clue from a market-mistake tells us to avoid buying high, and focus on traps and failures down in the ‘battle zone’ tomorrow.

S&P is bearish and trying to finish rotation back to the low of the range (yes, the same range you guys did so well with last week) but we’re getting too close to the middle, so we’re looking for traps tomorrow.

Gold is bearish after this morning’s ‘flash crash’, so the plan is to stay patient for an opportunity to sell up at the same place the crash began, with a target back to the low.

Euro is bearish and trying to re-test today’s low, but some recent price-action on the chart is telling us these sellers aren’t looking to sell this low, so we’re looking for selling-opportunities up in the ‘battle zone’ tomorrow.

FDAX is bearish and trying to finish rotation back to the opposite side of the range, but we’re getting near the middle of the range, so focus on traps tomorrow.

Battle-Zone Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX

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“Success is a state of mind. If you want success, start thinking of yourself as a success and the rest will follow.” - Joseph James

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Crude Oil is bearish and trying to re-test yesterday’s low, but the lack of follow-thru from the bears tells us we need to stay patient and look for the proper confirmation up in the ‘battle zone’ tomorrow.

S&P is range-bound, so we’re focused on failures using the '2-Try Rule' to buy the low, sell the high, and avoid the middle tomorrow.

Gold is bearish and rotating back to the high of the channel, where we will be looking for a ‘2-legged correction’ to sell back down to the low tomorrow.

Euro is bearish with a channel ‘overshoot’ which tells us to look for selling-opportunities up at the highs of the channel for a re-test of the low tomorrow.

FDAX is bearish with a Spike & Range pattern, telling us to sell the high of the range using failures and the '2-Try Rule' tomorrow.

Channel “Overshoot” Strategy | Crude Oil, Emini, Gold, Euro, FDAX

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“Life is 10% what happens to us and 90% how we react to it.”  - Dennis P. Kimbro

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Crude Oil is bearish, but a “double-overshoot” of the channel low tells us to wait for the most reliable selling-opportunities up at the ‘battle zone’ waiting overhead.

S&P is range-bound with a bear-bias as sellers keep rejecting lower prices, and our plan is to sell above the range high using buyer-failures tomorrow.

Gold is bullish with a ‘grind-break’ channel, so we’re looking for traps in the ‘battle zone’ tomorrow on the way to yesterday’s high.

Euro is bullish with a wedge, so we’re looking for a ‘2-legged pullback’ off the highs for the next round of buying opportunities tomorrow.

FDAX is range-bound with a bear-bias, so we’re looking for buyer-failures using the '2-Try Rule' up above the high of the range tomorrow.

Wedge Day Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX

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“Pressure makes diamonds... or dust…which one are you going to be?”      – Joseph James

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Crude Oil is bearish with a wedge, which tells us to look for failures and traps at resistance levels ahead of tomorrow’s Inventory Report.

S&P is bearish and rotating off the low of a channel, so we’re looking for selling-opportunities up at overhead resistance for a target back to yesterday’s low.

Gold is bearish with a Spike & Range, so we’re looking for selling-opportunities using resistance levels overhead with a target back down to the low.

Euro is range-bound and we’re using the '2-Try Rule' to look for buying opportunities going back inside the range tomorrow.

FDAX is bearish, and we’re looking for selling-opportunities up in the ‘battle zone’ for a target down at the ‘weekend gap’ tomorrow.

Trading the Parabolic Move | Crude Oil, Emini, Gold, Euro, FDAX

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“Do not judge each day by the harvest you reap, but by the seeds you have sewn.” – Robert Louis Stevenson

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Crude Oil is bearish and “2 Legs Down” this evening, which tells us to avoid chasing this move lower, and wait for a bullish correction to sell more tomorrow.

S&P is bullish with a Spike & Channel, and we’re watching the Prior Week High as a major psychological level for the buyers looking for pullbacks tomorrow.

Gold is bearish with a parabolic move lower today, telling us this is a great time to bank some profit and wait for a ‘2-legged correction’ back to the channel high tomorrow.

Euro is bearish with a Spike & Channel this evening, but we’re getting a little too close to last week’s low, so the plan is to look for selling-opportunities up in the ‘battle zone’ tomorrow.

FDAX is bullish with a Spike & Wedge, so the plan is to look for buying opportunities below support levels with a measured-move target waiting overhead.

Quad-Witching Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX

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“Success is not to be measured by the position someone has reached in life, but the obstacles he has overcome while trying to succeed.”  Booker T. Washington

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Crude Oil is bearish and trying to re-test the measured-move, so we’re looking for selling-opportunities up at resistance levels overhead on Friday.

S&P is bullish with a multi-tiered channel, which tells us to look at previous swings on the chart for buying opportunities on the way up to the measured-move tomorrow.

Gold is bearish with a Spike & Range this evening, telling us to look for selling-opportunities up at resistance levels overhead tomorrow.

Euro is bearish with a ‘grind-break’ this evening, which tells us to look for traps and failures up in the ‘battle zone’ tomorrow.

FDAX is bearish with a flag pattern, so the plan is to look for buyer-failures up at resistance levels tomorrow.