Tuesday, May 23, 2017

6 Ways to Trade Wednesday | Crude Oil, Emini, Gold, Euro, FDAX



“What we can or cannot do… what we consider possible or impossible… is rarely a function of our true capability. It is more likely a function of our beliefs about who we are.  Change your beliefs and you change your future.”


Crude Oil is bullish ahead of tomorrow’s Inventory Report, but we’re trading at the high of a Spike & Channel so we’re waiting for rotation back to the lows for the most reliable buying opportunities tomorrow.

S&P is bullish, but trading inside a range is telling us to focus on failures below the range using the ‘battle zone’ support levels tomorrow.

Gold is bearish, but trading at the low of a channel tell us to wait for rotation back to the high and look for selling-opportunities back down to the low tomorrow.

Euro is bearish, but trading at the low of a wide bear channel, telling us to use the mid-line as resistance and look for selling-opportunities up at resistance levels overhead tomorrow.

FDAX is bullish, but trading in the middle of a triangle, telling us to look for buying opportunities at support levels near the lows with a target back to the highs.

Monday, May 22, 2017

Trading with Triangles | Crude Oil, Emini, Gold, Euro, FDAX



“Get excited for this opportunity!  The higher your energy level, the more efficient your body, the better you feel and the more you will use your talent to produce outstanding results.”


Crude Oil is sideways and right in the middle of a triangle this evening, telling us to fade the edges of the range using failure patterns until we see a successful breakout tomorrow.

S&P is bullish with a wedge, but the wedge is getting narrow, telling us to look for traps and failures at previous swing levels to avoid buying into resistance tomorrow.

Gold is bullish and trying to finish the Double-Up target, but today’s move didn’t give the bulls many opportunities to ‘buy low’ so we’re looking for a ‘2-legged pullback’ to buy more tomorrow.

Euro is bullish with a Spike & Channel, but it appears price went too high too fast earlier today, so we’re waiting patiently for a pullback into the ‘battle zone’ tomorrow.

FDAX is bearish, but we have two support levels getting in the way for the sellers… which is giving the bulls a great opportunity for a strong break higher tomorrow.

Thursday, May 18, 2017

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



“Stay committed to your goals, but flexible in your approach.  Life will always try to challenge your resolve, but with a positive attitude and a firm belief in yourself you can accomplish anything you set your mind to.”


Crude Oil is bullish… but a recent failure to re-test the highs is telling us the stay patient for a deep pullback before we buy more tomorrow.

S&P is bullish… and a recent ‘2-legged pullback’ into a support level is setting-up for a great opportunity for the bulls to ‘buy the dip’ on the way back to last week’s low target on Friday.

Gold is bearish… but some easy clues in the candlesticks are telling us to look for a Spike & Channel or wedge tomorrow… and focus on selling retracements up at resistance levels for a measured-move target below.

Euro is bearish… but a recent overshoot tells us to look for a deeper correction higher… which may easily turn into a trend-reversal for the bulls tomorrow.

FDAX is bullish with a target up at last week’s low… but we have two resistance levels standing in our way… so we’re waiting for a pullback tomorrow.

Crude Oil Trading Strategy
Crude Oil is bullish with a Spike & Channel and trying to finish the move up to $50 tomorrow… but this recent failure to re-test the high is creating overhead resistance… telling us to look for buying opportunities down at support levels tomorrow.  The prior day high is a big clue on this tonight… seeing the bulls try and fail to push higher this afternoon… which in most situations tells us to look for a deep pullback to attract more buyers tomorrow.

E-Mini S&P Trading Strategy
E-Mini S&P is bullish and trading with a ‘2-legged pullback’ off the highs into a rising support trend-line… which is making for an excellent opportunity for the bulls to ‘buy low’ going into tomorrow’s session.  If the bulls can hold this pullback… the target is most likely the prior week low on Friday.

Gold Trading Strategy
Gold is bearish after finishing the session with a strong move lower… but the wicks on the bottom of the candles make us wonder if we’re developing into a wedge or Spike & Channel tomorrow.  No matter how you look at it… we’re certainly too low on the chart to sell right now… so the plan is to sell retracements tomorrow with a target at the measured-move.

Euro Trading Strategy
Euro is bearish… but a recent overshoot of the Spike & Channel… combined with the quadruple-down to finish the session makes this a horrible place to look for selling-opportunities.  The plan for tomorrow is to wait for a second leg higher… selling at resistance… while watching for a possible trend-reversal and a re-test of today’s high if the bears are unable to hold the resistance levels overhead.

FDAX Trading Strategy

FDAX is bullish and trying to re-test the prior week low… but this measured-move resistance is standing in our way… so the plan is to look for buying opportunities after a pullback off these highs and try to hold a runner up to the prior week low to finish off the week tomorrow.

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Wednesday, May 17, 2017

Trading the FLAG Pattern | Crude Oil, Emini, Gold, Euro, FDAX



“It is not what we get. But who we become, what we contribute... that gives meaning to our lives.”


Crude Oil is bullish… and this flag pattern tells us the bulls have the $50 in their cross-hairs for tomorrow… but we need to see a good set-up before buying this dip tomorrow.

S&P is bearish… and after today’s collapse lower… we’re waiting patiently for a ‘2-legged correction’ off these lows to sell more tomorrow.

Euro is bullish… but we’re trading into three resistance levels… with a target up at the “round number” the plan is to look for traps at support levels tomorrow.

FDAX is bearish… but trading at the low of a channel isn’t the best place to be selling… so the plan is to look for more reliable selling-opportunities at the high of the channel tomorrow.

Tuesday, May 16, 2017

6 Trades for Wednesday | Crude Oil, Emini, Gold, Euro, FDAX



“I challenge you to make your life a masterpiece. I challenge you to join the ranks of the people, who live what they teach, who walk their talk.”


Crude Oil is bearish… but we’re sitting at two major support levels this evening… telling us to stay patient for selling-opportunities up at resistance levels tomorrow… with the only variable being the inventory report tomorrow morning.

S&P is range-bound just below the 2400 round number… telling us to look for failures to buy the lows and sell the highs tomorrow.

Gold is bullish… but we have two big clues on the chart… telling us to expect a deep ‘2-legged pullback’ off the highs tomorrow.

Euro is bullish with a Spike & Channel… telling us to stay patient for a correction off the highs and look for a seller-failure for buying opportunities back to the high.

FDAX is range-bound… and we’re sitting smack in the middle of the range… which tells us to stay patient tomorrow…selling the high and buying the low with failures.

Monday, May 15, 2017

Trading the Spike & Channel | Crude Oil, Emini, Gold, Euro, FDAX



“Setting a goal, writing the goal down, and taking action are the first steps in turning the invisible into the visible.”


Crude Oil is bearish after a recent '2-Try Rule' sent prices collapsing lower… but we don’t want to chase this move lower… so we’re watching the ‘battle zone’ for selling-opportunities on Tuesday.

S&P is bullish with a Spike & Range… telling us to look for buying opportunities below the low of the range… and don’t forget about that ‘fake-out breakout pullback’ to new highs tomorrow.

Gold is bearish… but we have a recent trend change and a major support level… both telling us to look for a ‘2-legged correction’ off these lows to ‘sell high’ tomorrow.

Euro is bullish with a flag pattern… telling us to stay patient for a deep correction off the highs… with a target going back to the ‘round number’ on Tuesday.

FDAX is bullish with a Spike & Channel… which tells us the most reliable buying opportunities will come after a ‘2-legged pullback’ into the ‘battle zone’ tomorrow.