Wednesday, June 28, 2017

Trading the Market’s Objective | Crude Oil, Emini, Gold, Euro, FDAX



“People become remarkable when they start thinking that they can do things. When they believe in themselves they have the first secret of success.” 


Crude Oil is bullish and trying to finish off a measured-move tomorrow, but we’re getting a little too close to resistance levels here, so we’re looking for ‘traps’ to avoid ‘buying high’ tomorrow.

S&P is bullish with a Spike & Channel as it tries to re-test last week’s high, and we’re looking for rotation back down to channel-lows for more buying opportunities tomorrow.

Gold is bearish and trying to re-test today’s low, but we have a wedge, measured-move, and Trading-Range all acting as support, so we’re looking for traps to keep selling tomorrow.

Euro is bullish, but we just finished the target for the bulls, so we’re waiting to see either a successful breakout-pullback or a ‘2-legged pullback’ off the highs.

FDAX is bullish, and the Spike & Channel tells us to look for buying opportunities at the low of the channel, and the ‘battle zone’ tomorrow.

Tuesday, June 27, 2017

“Spike” Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX



“The best way to predict the future is to create it.”  – Joseph James


Crude Oil is bearish with a strong ‘spike’ lower this evening, which tells us to look for one of four scenarios ahead of the Inventory Report.

S&P is bearish with a wedge, which we will use to find selling-opportunities inside the ‘battle zone’ with a measured-move target tomorrow.

Gold is bearish and trying to finish the move back into yesterday’s range, and we have a short-term bull flag telling us where to look for failures tomorrow.

Euro is bullish with a Spike & Channel this evening, telling us to look for traps and seller-failures below the moving-average for a “triple-up” target tomorrow.

FDAX is bearish and trying to finish off a measured-move target tomorrow, and the moving-average tells us exactly where to be looking for the best trading opportunities.

Monday, June 26, 2017

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



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


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.

Thursday, June 22, 2017

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



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


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.

Wednesday, June 21, 2017

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



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


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.

Tuesday, June 20, 2017

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



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


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.