Thursday, June 21, 2018

Trading with Traps | Crude Oil, Emini, Nasdaq, Gold & Euro



“If you do what you’ve always done, you’ll get what you’ve always gotten.  Success doesn’t happen by chance, it happens by CHANGE.”


Crude Oil is bullish and back inside the range from last night's newsletter, so my plan remains the same – keep fading the breakouts using failure patterns and the '2-Try Rule' tomorrow morning...

E-Mini S&P is bearish with a Spike & Range pattern, telling me to look for selling-opportunities up at the range highs using buyer-failures tomorrow morning...

Nasdaq is bearish with either a Spike & Range or a Spike & Channel and the next few hours of price-action is going to tell me exactly which one we get…

Gold is bullish and headed back into the range from earlier this week, and my plan is to use a "hidden channel" for buying opportunities tomorrow morning...

Euro is range-bound and up at the high of the range, so my plan is to look for selling-opportunities using the '2-Try Rule' with a target back to the lows tomorrow morning…

We’re ready to wrap-up what’s been an incredible week of trading opportunities with a Summer-Friday session tomorrow morning – which means the window of opportunity is smaller, and with trading-ranges on the charts tonight, my focus is going to be fading those breakouts tomorrow morning!

Wednesday, June 20, 2018

Finding the Perfect Trade | Crude Oil, Emini, Nasdaq, Gold & Euro



“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.”


Crude Oil is range-bound ahead of Friday’s OPEC meeting, which tells me to stay patient to fade the breakouts using the '2-Try Rule' tomorrow morning…

E-Mini S&P is bullish with a Spike & Range pattern, telling me to look for buying opportunities using seller-failures and the '2-Try Rule' down below the range lows tomorrow morning…

Nasdaq is bullish, but trading at the all-time-high isn’t a great place to start buying, so my plan is to look for buying opportunities down in the ‘battle zone’ tomorrow morning…

Gold is bearish but throwing us a bit of a curveball as the market looks like a strong trend, but in reality, we have a range, telling me to focus on failures for buying opportunities going back up into the range tomorrow morning…

Euro is bullish and headed back to the high of the range, and my plan is to use the low of a wide bull channel for seller-failure buying opportunities tomorrow morning…

Tuesday, June 19, 2018

Short-Covering Rally Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“I’ve come to believe that all my past failure and frustrations were actually laying the foundation for the understandings that have created the new level of living I now enjoy.”


Crude Oil is range-bound ahead of tomorrow’s inventory report, which tells me to fade the breakouts, selling high, buying low, and avoiding the middle tomorrow morning…

E-Mini S&P is bullish and headed back to re-test today’s high, but I have major resistance standing in the way so I’m waiting for buying opportunities using a ‘2-legged pullback’ tomorrow morning…

Nasdaq is bullish and headed back to re-test today’s high, and I have my eyes on the low of a "hidden channel" for buying opportunities tomorrow morning…

Gold is range-bound and trying to re-test today’s low, and my plan is to use the '2-Try Rule' for buying opportunities going back to the middle of the triangle tomorrow morning…

Euro is bullish and running back to the high of the range, and I’m looking for buying opportunities before it completes the ‘pendulum swing’ overhead…

Monday, June 18, 2018

V-Bottom Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Any time you sincerely want to make a change, the first thing you must do is to raise your standards. When people ask me what really changed my life, I tell them that absolutely the most important thing was changing what I demanded of myself. I wrote down all the things I would no longer accept in my life, all the things I would no longer tolerate, and all the things that I aspired to becoming.”


Crude Oil is bullish after a V-Bottom Reversal off last week’s low, and with such a strong move higher today I’m waiting patiently for nice DEEP pullbacks for buying opportunities tomorrow morning…

E-Mini S&P is bullish, but a recent double-top at this afternoon’s high is telling me to wait for the most reliable buying opportunities down at the low of a short-term trading-range tomorrow morning…

Nasdaq is bullish with a channel and a “grind-break”, telling me to look for buying opportunities using a trap-low and I have my eyes on a key support level at 48.50 tomorrow morning…

Gold is bearish with a Spike & Range pattern, telling me to look for selling-opportunities using the '2-Try Rule' up above the range high tomorrow morning…

Euro is range-bound with a bear-bias this evening, telling me to look for selling-opportunities using buyer-failures up above the range high tomorrow morning…

Thursday, June 14, 2018

Quadruple Witching Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“People who fail to achieve their goals usually get stopped by frustration. They allow frustration to keep them from taking the necessary actions that would support them in achieving their desire. You get through this roadblock by plowing through frustration, taking each setback as feedback you can learn from, and pushing ahead. I doubt you’ll find many successful people who have not experienced this. All successful people learn that success is buried on the other side of frustration.”


Crude Oil is bullish with a Spike & Range pattern, so I’m looking for buying opportunities down at the lows, while keeping an eye on the '2-Try Rule' for selling-opportunities going back down into the range tomorrow morning…

E-Mini S&P is range-bound and stuck in the middle of the range this evening, so my plan is to stay patient and fade the breakouts, buying low and selling high using the '2-Try Rule' tomorrow morning…

Nasdaq is bullish with a Spike & Channel pattern, telling me to look for buying opportunities using seller-failures below the low of the channel tomorrow morning…

Gold is bearish and trying to rotate back into the weekly trading-range, and I have my eyes on a falling resistance trend-line for selling-opportunities tomorrow morning…

Euro is bearish with a Spike & Channel pattern, so I’m looking for selling-opportunities up above prior swing-highs with a target using the ‘pendulum swing’ tomorrow morning…

We’re ready to wrap-up what’s been an incredible week with Quadruple Witching tomorrow morning – which means our window of opportunity will be a little smaller, but that’s not going to stop us from finding the best trades for Friday

Wednesday, June 13, 2018

Trading Strength Moves | Crude Oil, Emini, Nasdaq, Gold & Euro



“Once you have mastered time, you will understand how true it is that most people overestimate what they can accomplish in a year – and underestimate what they can achieve in a decade!”


Crude Oil is range-bound and trading at the highs of the range this evening, telling me to focus on failures for selling-opportunities going back down to the range lows tomorrow morning…

E-Mini S&P is range-bound and trading down at the lows this evening, and the STRENGTH of this move lower tells me to stay patient and wait for the momentum to turn bullish before looking for buying opportunities tomorrow morning…

Nasdaq is range-bound with a triangle pattern, so my plan is to buy the low, sell the high, and focus on failures tomorrow morning…

Gold is range-bound and trading at the high of the range this evening, and the STRENGTH of this recent run higher is telling me to wait for the '2-Try Rule' to look for selling-opportunities tomorrow morning…

Euro is range-bound and trading in the middle of the triangle, and with major news only a few hours away, my plan is to focus on failures, fading the breakouts using the '2-Try Rule' going back into the range tomorrow morning…

We’re half-way through this week of major news - and with most markets rotating back and forth with STRONG runs inside their trading-ranges, our goal tomorrow is harness the power of the '2-Try Rule' and keep fading the breakouts back into the range until something changes…