Thursday, May 25, 2017

Holiday Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX



“Most people have no idea of the giant capacity we can immediately command when we focus all of our resources on mastering a single area of our lives.”


Crude Oil is bearish and hunting for last week’s low, but a wedge on the chart is telling us to watch for a ‘2-legged correction’ to ‘sell high’ tomorrow.

S&P is bullish with a Spike & Channel, but a measured-move is standing in our way, so the plan is to look for buying opportunities back at support levels below us tomorrow.

Gold is range-bound and sitting right on top of the prior week close, so the plan is to focus on failures, selling high, buying low and avoiding the middle tomorrow.

Euro is range-bound with a bear bias, so the plan is to sell above the highs using the '2-Try Rule' tomorrow.

FDAX is range-bound, so the plan is to buy low, sell high, avoid the middle, and focus on failures tomorrow.

Wednesday, May 24, 2017

OPEC Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX



“The path to success is to take massive, determined action…and never give up on your dream!”


Crude Oil is bullish ahead of tomorrow’s OPEC meeting, but we’re trading at the high of a channel, so we’re waiting for the next pullback for more confirmation, while sellers are looking for opportunities up at the high of this channel as well.

S&P is bullish with a wedge this evening, but we’re trading into three levels of resistance, so the plan is to wait for a pullback off these highs before buying more tomorrow.

Gold is bullish and trying to complete a measured-move, but we’re trading at the high of a channel, so we’re looking for a ‘2-legged pullback’ tomorrow.

Euro is bullish and trying to finish rotation back to yesterday’s high, but two levels of resistance are telling us to avoid chasing this move higher and wait for a pullback tomorrow.

FDAX is range-bound this evening, so the plan is to focus on failures above the highs and below the lows using the '2-Try Rule' tomorrow.

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.