Thursday, September 21, 2017

Weekly Wrap-Up Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Invest ten percent of your income into personal development to guarantee the prosperity of your future.”


Crude Oil is bullish and trying to re-test yesterday’s high, but one BIG CLUE from today’s high is telling me that I need see a completed “rotation” before I know exactly where to look for buying opportunities tomorrow.

S&P is range-bound with a triangle, telling me to focus on failures using the '2-Try Rule' to fade the breakouts going back to the 2500 round number tomorrow.

Nasdaq is bearish and trying to re-test today’s low, but this evening’s closing price is a big clue that we may be developing into a range tomorrow.

Gold is bearish with a flag pattern, which tells me to look for an overshoot of the high, combined with buyer-failure in the ‘battle zone’ for a move back to the low.

Euro is bullish, but we have two major levels of resistance in our way, telling me to look for buying opportunities down in the ‘battle zone’, or wait for a strong push higher for a re-test of last week’s high.

Friday is just around the corner, which means we have a specific plan for wrapping-up the week, and with the big ranges we’re seeing today, tomorrow is shaping-up to be another great opportunity in our trade room!

Wednesday, September 20, 2017

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



“Only by contending with challenges that seem to be beyond your strength to handle at the moment can you grow more surely toward the stars.”


Crude Oil is bullish, but a recent strong move lower tells me to look for sellers to try again, and I’ll be waiting for them to fail for buying opportunities back to the monthly highs tomorrow.

S&P is bullish, but trading at the high of a “V-Bottom” pattern isn’t very reliable, so I’m looking to use the ‘battle zone’ and seller-failure to buy the pullback tomorrow.

Nasdaq looks bearish at first, but the recent “spike” higher tells me to watch for the sellers to try and fail before looking for buying opportunities back to the highs.

Gold is bearish with a Spike & Range, and my goal is to use a key “reversal-line” overhead for selling-opportunities tomorrow.

Euro appears to be bearish at first, but looking at the bigger picture tells me that this may be an excellent place to look for buying opportunities tomorrow.

We survived the FOMC Announcement this afternoon, and that big news event gave us some big trading opportunities for Thursday, including a beautiful V-Bottom pattern setting-up as we speak.

Tuesday, September 19, 2017

FOMC Day Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Decisiveness is a characteristic of high-performing men and women. Almost any decision is better than no decision at all.”


Crude Oil is range-bound and smack in the middle of a weekly Trading-Range, and my goal is to “fade the edges” using failures ahead of the weekly inventory report.

S&P is bullish with a Spike & Range, which tells me to look for buying opportunities using seller-failures down in the ‘battle zone’ tomorrow morning.

Nasdaq is bullish, and using a channel, along with a measured-move to plan my trades and trade my plan on Wednesday.

Gold is bearish with a flag pattern, which tells us to look for selling-opportunities using an overshoot and the '2-Try Rule' before the FOMC Announcement tomorrow.

Euro is bullish with a multi-day Spike & Channel, which tells me to stay patient for “traps” down in the ‘battle zone’ tomorrow.

All eyes and ears on the FOMC Announcement tomorrow afternoon, which means my plan is “early in, early out”, using the Trading-Ranges we see developing on most charts this week for the most reliable trading opportunities.

Monday, September 18, 2017

“Balance” Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Develop an attitude of gratitude, and give thanks for everything that happens to you, knowing that every step forward is a step toward achieving something bigger and better than your current situation.”


Crude Oil is bearish and trying to re-test today’s low, but this afternoon’s close was VERY bullish, so I’m waiting for the bulls to try and fail before looking for selling-opportunities back to the low.

S&P is bullish with a Spike & Range, which tells me to avoid the middle, be skeptical of new highs, and look for seller-failures below the low of the range tomorrow.

Nasdaq is bullish with a Spike & Range, which tells me to look for buying opportunities using the '2-Try Rule' with a target back to the prior month high.

Gold is bearish with a strong move lower since last Friday, which tells me to stay patient for selling-opportunities after a ‘2-legged correction’ off today’s low.

Euro is slightly bullish with a Spike & Range, telling us to focus on failures and sell the high, buy the low, and avoid the middle tomorrow.

The key word for tonight is BALANCE, and we’re going to see a bunch of great examples of what balance LOOKS like on a chart, as well as how to trade it correctly.

Wednesday, September 13, 2017

“Sell the Bounce” Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“We don't rise to the level of our expectations, we fall to the level of our training.”

Crude Oil is mighty bullish this evening, but two measured-moves and a new channel are all telling me to stay patient and look for a ‘2-legged pullback’ tomorrow.

S&P is bullish, but we’re trading in the middle of a Spike & Channel, which means I’m looking for “traps” to finish rotation back to the high, or a deep, ‘2-legged pullback’ in the ‘battle zone’ to buy the dip tomorrow.

Nasdaq is bullish, but we’re trading at monthly highs on LOW volume, which tells me to stay patient for a DEEP pullback or watch for a successful breakout-pullback to keep buying to the measured-move tomorrow.

Gold is bearish with a Spike & Range, and we have two major support levels on the chart telling us to avoid selling too low, and focus on “selling the bounce” up at resistance levels tomorrow.

Euro is bearish with a strong, four-legged move lower today, which means I’m staying patient to “sell the bounce” up in the ‘battle zone’ tomorrow.

Tuesday, September 12, 2017

2-Sided Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



"The remarkable thing we have is a choice every day regarding the attitude we will embrace for that day. We cannot change our past... We cannot change the fact that people will act in a certain way. We cannot change the inevitable. The only thing we can do is play on the one string we have, and that is our attitude."


Crude Oil is bullish with a Spike & Wedge ahead of tomorrow’s weekly inventory report, which tells us to look for buying opportunities as early as possible so we don’t get chopped-up around the news.

S&P is bullish and trying to finish the measured-move, and how they finish this move will tell us is this is a channel or a Trading-Range strategy for tomorrow.

Nasdaq is bullish with a Spike & Channel, but a major resistance level on the chart is telling us to look for a possible range tomorrow, which will require us to adjust our plans accordingly.

Gold has opportunity on both sides for tomorrow.  Sellers have a flag pattern and they will look to “fade” this move back down again, while the buyers will be waiting down in the ‘battle zone’ tomorrow.

Euro is bearish and trading sideways, and I’m using a short-term bull Spike & Channel to help plan my trades for Wednesday.