Wednesday, May 23, 2018

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



“I have not failed.  I’ve just found 10,000 ways that won’t work.  There is no such thing as failure, only results.”


Crude Oil is bearish after this morning’s inventory report, but a recent sideways range tells me that sellers may be waiting for another shot to sell at the same price from earlier this morning…

E-Mini S&P is range-bound and trading at the highs, which would normally be time to start selling, but the strength of this afternoon’s move tells me to use a "hidden channel" for buying opportunities with one more leg higher tomorrow morning…

Nasdaq is range-bound with a strong run higher this afternoon, and my plan is to use this momentum, combined with the ‘pendulum swing’ to look for buying opportunities on another leg higher tomorrow morning…

Gold is range-bound with a triangle pattern, telling me to focus on failures to fade the breakouts at the highs and lows of the range tomorrow morning…

Euro is bearish with a Spike & Channel pattern, telling me the most reliable selling-opportunities will come up above the channel using failure patterns tomorrow morning…

We continue to see ranges and triangles on the charts tonight, telling me to focus on failures above the highs and below the lows tomorrow morning…

Tuesday, May 22, 2018

Grind-Break Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“What we call the beginning is often the end. And to make an end is to make a beginning. The end is where we start from.”


Crude Oil is bearish ahead of the weekly inventory report, and a recent "grind-break" is my biggest clue to wait for selling-opportunities using a “trap high” up in the ‘battle zone’ tomorrow morning…

E-Mini S&P is bullish at the low of a channel, but the recent momentum coming off the high tells me to wait for the sellers to try once more before I start looking for buying opportunities back to the high tomorrow morning…

Nasdaq is range-bound and trading in the middle of a triangle, telling me to stay patient and look for buying opportunities using the '2-Try Rule' down at the lows tomorrow morning…

Gold is bearish and running back to the range low, and my goal is to wait for the buyers to try to buy this next dip so I can sell into their stops tomorrow morning…

Euro is bullish and trying to finish rotation back to the high of the weekly range, but I have two big clues telling me to look for a failed TRAP pattern for the best trading opportunities tomorrow morning…

Monday, May 21, 2018

Momentum Channel & Range Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Progress is impossible without change; and those who cannot change their minds cannot change anything.”


Crude Oil is bullish with two channels to work with, both of them telling me exactly which entry patterns to be looking for tomorrow morning…

E-Mini S&P is bullish with a Spike & Range pattern, telling me to focus on buying with seller-failures down below the range low tomorrow morning…

Nasdaq is range-bound with a triangle pattern, so the plan is to fade the breakouts using the '2-Try Rule' at the highs and lows tomorrow morning…

Gold is bullish and hunting for a ‘pendulum swing’ target on the opposite side of last week’s trading-range, and I have my eyes on buying opportunities using the low of a new "hidden channel" tomorrow morning…

Euro is bullish with a wide channel, telling me to look for a ‘2-legged pullback’ for buying opportunities on the way back up to last week’s range high tomorrow morning…

We have some excellent range momentum moving these markets tonight, and combined with some channel patterns I have a clear and reliable trading strategy for tomorrow’s session…

Thursday, May 17, 2018

OPEX Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Opportunity is missed by most people because it is dressed in overalls and looks like hard work.”


Crude Oil is bearish and rotating down to the low of the range and prior week close, and my plan is to avoid the middle of the range by using traps and buyer-failures tomorrow morning…

E-Mini S&P is range-bound and trading in the middle of the range, telling me to stay patient and wait for buyers or sellers to try and breakout of the range so I can trade with failures going back into the range tomorrow morning…

Nasdaq is bearish and trying to re-test the weekly low, and I have my eyes on three (3) possible scenarios for Friday’s trading session…

Gold is bearish and trading sideways with a range, so my plan for tomorrow is to look for selling-opportunities using the '2-Try Rule' up around the range-highs…

Euro is bearish and trading in a triangle pattern, telling me to fade the breakouts up above the highs for selling-opportunities back down to the lows tomorrow…

We’re ready to wrap-up an awesome week of trading tomorrow morning, and I have a specific “end of week strategy” to teach you this evening…

Wednesday, May 16, 2018

Range Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“We must all suffer one of two things: the pain of discipline or the pain of regret and disappointment.”


Crude Oil is bullish as it trades into the high of the range, and I expect to see the buyers put up a fight to go higher, but in the end, I’m looking for selling-opportunities back down to the low of the range tomorrow morning…

E-Mini S&P is bullish with an eye on a triple measured-move target tomorrow morning, and I have my eye on a seller-failure pattern for buying opportunities…

Nasdaq is bullish and headed towards it’s measured-move target, and a key resistance trend-line tells me where to (and not to) look for the most reliable trading opportunities tomorrow morning…

Gold is bearish, but trading in the middle of today’s range tells me this market is balanced, so my plan is to sell the high of a short-term trading-range using buyer-failures tomorrow morning…

Euro is bearish, but a triangle pattern on the chart tells me to avoid selling new lows and focus on selling with buyer-failures up around the highs tomorrow morning…

Just as we expected, today’s session gave us a lot of trading ranges on the charts, which means I have a specific strategy for tomorrow’s trading session, and as always…

Tuesday, May 15, 2018

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



“My worst days as a trader are still better than the best days doing anything else.”


Crude Oil is range-bound with a triangle this evening, telling me to focus on fading the breakouts with failure patterns tomorrow morning…

E-Mini S&P is bearish with a Spike & Channel pattern, but the REAL clue are the shallow lower-lows I’m seeing on the chart, telling me to avoid traps at new lows and focus on selling as HIGH as possible tomorrow morning…

Nasdaq is bearish with a Spike & Channel pattern, telling me to focus on buyer-failures for selling-opportunities up above the channel high tomorrow morning…

Gold is bearish with a Spike & Channel pattern, telling me to sell into buyer-failures on the pullback, but I can’t help but notice the long-term triangle pattern, telling me to keep an eye out of a big reversal tomorrow morning as well…

Euro is bearish with a Spike & Range pattern, telling me to focus on failures for selling-opportunities up above the high of the range tomorrow morning…

We saw some STRONG moves on the chart this morning, which usually results in trading-ranges the following day, so the plan is to stay patient to fade the counter-trend breakouts tomorrow morning…