Monday, August 21, 2017

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



“If you are going to achieve excellence in big things, you develop the habit in little things. Excellence is not an exception; it is a prevailing attitude.” 

Crude Oil is bearish and trying to re-test last week’s low, and I’m looking for a ‘2-legged correction’ up into the ‘battle zone’ for selling-opportunities on Tuesday.

S&P is range-bound and the ‘pendulum swing’ tells us to look for selling-opportunities up at the measured-move for a target going back down to the lows.

Nasdaq is range-bound and trading at the highs tells us to focus on failures and sell back down to the range low tomorrow.

Gold is bullish, and a Spike & Range is telling us to use the '2-Try Rule' to buy in the ‘battle zone’ tomorrow.

Euro is bullish, and we’re looking for a ‘2-legged pullback’ to buy it cheap on the way up to re-test last week’s high.

Thursday, August 17, 2017

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



"Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away."

Crude Oil is bearish with a flag pattern, telling us to look for selling-opportunities using failures at the high, while avoid the traps at the lows, and keeping an eye out for a possible reversal if the buyers show us some PROOF.

S&P is bearish and “2-Legs Down” from today’s channel, and when combined with a quadruple-down support, our plan is to “sell the bounce” up in the ‘battle zone’ tomorrow.

Nasdaq is bearish with a Spike & Wedge, and one BIG clue on tonight’s chart tells us to look for a ‘2-legged correction’ and a re-test of the low tomorrow.

Gold is range-bound with a bull-bias, telling us to focus on failures below the range, or a "fake-out-breakout-pullback" pattern to new highs.

Euro is bullish with a channel that recently turned sideways into a range, which tells us to look for traps and failures for buying opportunities below the range tomorrow.

Wednesday, August 16, 2017

Fake-Out Breakout Pullback Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Desire is the key to motivation, but it’s determination and commitment to an unrelenting pursuit of your goal — a commitment to excellence — that will enable you to attain the success you seek.”

Crude Oil is bearish after this morning’s inventory report, but we’re trading at two major support levels, telling us the most reliable selling-opportunities will up at resistance levels waiting overhead.

S&P is range-bound with a bull-bias, telling us to focus on buying opportunities below the range, preferably in the ‘battle zone’ tomorrow.

Nasdaq is range-bound and stuck in the middle, which tells us to stay patient for seller-failures below the range, or the "fake-out-breakout-pullback" above the highs on Thursday.

Gold is bullish with an overshoot of a channel, telling us to watch for the ‘pendulum swing’ to correct back to the opposite side for buying opportunities tomorrow.

Euro is bullish with a strong move higher, telling us to look for a ‘2-legged pullback’ and a target going back to yesterday’s high.

Tuesday, August 15, 2017

Trend Reversal Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.”
Crude Oil is bearish ahead of the weekly inventory report, and we’re looking for selling-opportunities in the ‘battle zone’, while keeping our eyes open for the typical reversal we see ahead of the news tomorrow morning.

S&P is bullish with a Spike & Range, telling us to look for buying opportunities below the range using seller-failures in the ‘battle zone’ tomorrow.

Nasdaq is bullish and trying to re-test today’ wedge high, but recent price-action, combined with a short-term trading-range are telling us to wait for the '2-Try Rule' and a better location tomorrow.

Gold is bearish and trying to finish off the quad-down target tomorrow, but a two major support levels are telling us to wait for a better entry signal.

Euro is bearish and trying to re-test the lows tomorrow, but a rising support trend-line tells us to watch for the buyers to look for traps, and sell into their failure.

Monday, August 14, 2017

“Spike” Trades for Tuesday | Crude Oil, Emini, Nasdaq, Gold & Euro



“Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential.”  


Crude Oil is bearish with a strong spike lower, telling us to watch for one of four “spike scenarios” on Tuesday.

S&P is bullish with a Spike & Range, telling us to focus on failures below the short-term trading-range, preferably down in the ‘battle zone’ tomorrow.

Nasdaq is bullish with a Spike & Wedge, telling us to look for traps and failures on the way up to finish the wedge target tomorrow.

Gold is bearish, but they’ve tried and failed twice at a key support level from last Friday, giving us clues to begin looking for a price-reversal on Tuesday.

Euro is bearish, but a short-term trading-range tells us to avoid selling a break lower and focus on failures up in the ‘battle zone’ tomorrow.

Thursday, August 10, 2017

How to Avoid “Traps” Friday | Crude Oil, Emini, Nasdaq, Gold & Euro



“Would you like me to give you a formula for success? It’s quite simple...Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.”  
Crude Oil is bearish, but sitting on two (2) major support levels is telling us to look for “Traps” above prior swings for selling-opportunities tomorrow.

S&P is bearish and trying to complete a measured-move, but we’re seeing this market “2 Legs Down” so we’re waiting for a ‘2-legged correction’ to sell more tomorrow.

Nasdaq is bearish, but trading at two (2) major support levels, we’re looking for more reliable selling-opportunities up in the ‘battle zone’ on Friday.

Gold is bullish and trying to re-test today’s high, and we’re watching closely to see one of three (3) scenarios developing for tomorrow.

Euro is bullish, and a recent "overshoot" of the channel tells us to look for a deep pullback off the highs before re-testing the round number tomorrow.