Thursday, August 16, 2018

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



“I am an optimist. It does not seem too much use being anything else.”  - Winston Churchill


Crude Oil is bearish with a Spike & Range ahead of tomorrow’s rollover, and my plan is to focus on failures to sell above the highs using the '2-Try Rule' tomorrow morning...

E-Mini S&P is bullish with a flag pattern, telling me to look for buying opportunities using a breakout-pullback above the high of the bear channel tomorrow morning...

Nasdaq is bullish with a Spike & Range pattern, telling me to look for buying opportunities below the range lows, but the strength of the recent pullback tells me to wait patiently until the pendulum swings back in the opposite direction tomorrow morning...

Gold is bullish with a Spike & Range pattern, so my plan is to look for buying opportunities using seller-failures at a key reversal-line tomorrow morning...

Euro is bullish with a Spike & Range pattern, telling me to look for buying opportunities below the range low using the '2-Try Rule' tomorrow morning...

We’re getting ready to wrap-up another incredible week of trading opportunity with one of the final “Summer Friday” trading sessions tomorrow morning...

And with lots of ranges on the charts this evening, the key word is FAILURES for Friday’s trading session, here's the game plan...

Wednesday, August 15, 2018

2-Try Reversal Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“The secret to life is meaningless unless you discover it yourself.”  - W. Somerset Maugham


Crude Oil is bearish with what appears to be a Spike & Range, telling me to look for selling-opportunities up above the range using the '2-Try Rule' tomorrow morning...

E-Mini S&P is bullish and rotating back into the week’s range, and this '2-Try Reversal” is telling me to use a rising support trend-line for buying opportunities tomorrow morning...

Nasdaq is bullish and rotating back to the range from earlier this week, and I’m looking for buying opportunities at the low of a "hidden channel" tomorrow morning...

Gold is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities after a ‘2-legged pullback’ tomorrow morning...

Euro is bullish and rotating back into the trading-range from earlier this week and I have my eyes on buying opportunities around the range-expansion levels tomorrow morning...

Tuesday, August 14, 2018

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



“Life is not about ALL the wrong moves you made; Life is about the one right move that made ALL the difference.”  - James Lockhart

Crude Oil is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities using a buyer-failure up near the base of the channel tomorrow morning...

E-Mini S&P is bullish with a strong spike higher, telling me to expect one more leg higher before the sellers try fading this range breakout tomorrow morning...

Nasdaq is bullish with a trading-range, but a recent strong Spike & Channel pattern tells me I should be able to get one more leg higher for buying opportunities tomorrow morning...

Gold is bearish and trading inside a range this evening, telling me to look for selling-opportunities using buyer-failures and the '2-Try Rule' up above the range tomorrow morning...

Euro is bearish with a strong breakout below the range, telling me to wait for the sellers to finish their '2-Try Rule' and look for buying opportunities going back up into the range tomorrow morning...

We have plenty of STRONG MOVES to finish today’s session, which means I’m looking for Second Legs in tomorrow’s session, here’s the plan…

Monday, August 13, 2018

40/60 (or) 60/40 – Can You Tell the Difference?



“In warfare, there are no constant conditions.  He who can modify his tactics in relation to his opponent will succeed and WIN.” – Sun Tzu – The Art of War.


Crude Oil is bearish with Spike & Range pattern, telling me to look for selling-opportunities using buyer-failures off the highs, but the STRENGTH of this recent move reminds me to wait for a successful '2-Try Rule' before selling back down to the lows again tomorrow morning...

E-Mini S&P is bearish and range-bound this evening, so my plan is to look for selling-opportunities up above the range highs using buyer-failures tomorrow morning...

Nasdaq range-bound with a triangle this evening, telling me to look for the most reliable trading opportunities using the “swings” around the edges of the range tomorrow morning...

Gold is bearish with a strong Spike & Channel pattern, telling me to look for selling-opportunities up at the high of that channel tomorrow morning...

Euro is bearish with a Spike & Channel that’s quickly turned sideways into a range, so the plan is simple – looking for buyer-failures above the range high to sell back down to the lows tomorrow morning...

We’re back after a short break from the action and ready for another big week of profitable trading-opportunities on this Nightly Newsletter, and as you can see, we have a lot of ranges on the charts tonight, so we’re going to be watching for '2-Try Rule' and failure patterns going into tomorrow’s session…

Thursday, August 9, 2018

Best Entry Trigger Tomorrow | Crude Oil, Emini, Nasdaq, Gold & Euro



"When popular opinion is nearly unanimous, contrary thinking tends to be most profitable.  The reason is that once the crowd takes a position, it creates a short-term, self-fulfilling prophecy. But when a change occurs, everyone seems to change their mind at once."


Crude Oil is bearish and trying to re-test yesterday’s low, and to avoid chasing this move lower, my goal is to look for selling-opportunities using a buyer-failure pattern up at a key resistance trend-line tomorrow morning...

E-Mini S&P is bearish as it collapsed back to the lows of the range, and this strong momentum tells me to expect one more leg lower, and I have my eyes on selling the high of a new channel coming down overhead…

Nasdaq is bearish and trying to complete the ‘pendulum swing’, and I have my eyes on selling-opportunities using a new "hidden channel" tomorrow morning...

Gold is bearish and hunting for the low of the range, and I have my eyes on a qualified channel for selling-opportunities up at resistance tomorrow morning...

Euro is bearish with a strong spike lower, telling me to look for one of four spike patterns for selling-opportunities with a measured-move target tomorrow morning...

Wednesday, August 8, 2018

Trading with Market Context | Crude Oil, E-mini, Nasdaq, Gold & Euro



“A lot of people know what to do, but very few people actually do what they know. Knowing is not enough! You must take action to see results!”


Crude Oil is bearish with a strong spike lower today, which often turns sideways into a Spike & Range pattern, which tells me to look for selling-opportunities after a ‘2-legged pullback’ up in the ‘battle zone’ tomorrow morning...

E-Mini S&P is bullish with a trading-range, telling me to focus on failures using the '2-Try Rule' for buying opportunities off the prior month high tomorrow morning...

Nasdaq is bullish with a trading-range, and I have my eyes on a key support trend-line for buying opportunities using the '2-Try Rule' below the lows tomorrow morning...

Gold is bearish with a trading-range, and I have my eyes on the high of a "hidden channel" for selling-opportunities tomorrow morning...  

Euro is bullish and range-bound once again, so my plan is buying low, selling high, avoiding the middle and watching for those failure patterns tomorrow morning...

We have a lot of trading-ranges on the charts tonight, and when it comes to ranges, the secret to success is all in the market-context, which is what I’m going to be focused on this evening…