Mini-Russell Day trading plan

Mini-Russell 4-Hour

We can see the Mini-Russell trading in a sideways-trading-range at the highs of the range from the last 2 days.  We know that a close above the PHOD at 991.0 will get us buying pullbacks using the Entry-Trigger Indicator with a profit-target up at the 994.0 double-bottom resistance and the big-round-number of 1000.0 for the runner.

Mini-Russell 5-Minute

If we get a 5-Minute candle close below the 990.0 we then look to get short using the Entry-Trigger Indicator and take profit-targets at 986.3 and 981.5 down at the opposite side of this sideways-trading-range.

Euro Currency Futures day trading plan

Euro 60-Minute

The 60-Minute anchor chart shows us moving lower this morning with a wide open space below us all the way down to the 2780 buy-zone.  We can see a previous price-wedge has broken to new lower-lows and we know there are sell-zones above us at 2873 and 2909 which will make for easy selling opportunities if this price-action bounces back higher.

Euro 5 Renko

The Entry chart on the euro shows us BIG CLUES.  First we see a bear price-channel and we’re trading at the lows of this price-price-channel, which tells us that this market personality is likely oversold in the short term.  The second thing we see double-bottom which is a selling opportunity for us when price retraces off these lows and tests the sell-zone at 2840 to 2846.  The third clue is the symmetry support at 2814 which also gives credibility to the sellers being oversold and giving us the chance to see a price-reversal and rising prices.

Euro 5 Minute

The biggest clue on this entry chart is possibly the PLOD at 2846 and 2848 which tells us that if price-action moves back above those price levels we will then see the sellers fail and the buyers will reclaim control and price will rise.

OPEX-Friday Morning Prep; SchoolOfTrade.com Day Trading Strategy

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What you do speaks so loudly that I cannot hear what you say” — Ralph Waldo Emerson”

This morning we wrap up Options Expiration Week with a finally-Friday trading session with our advanced members in the Live Trade Room.

We begin this morning with concerns over volume and market-personality because a Friday is always a moving target when it comes to consistency of the price-action but this is NOT just another Friday. 

OPEX-Friday is the last day of the week before options expire, and today the ONLY big-money that will be trading will be out of absolute necessity.  Not many big-money traders will be in the market today because they have been busy exiting positions this week (starting on Wacky Wednesday) and they will then start re-balancing their positions next Monday.

Click here to read today’s COMPLETE Morning Prep
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Crude Oil Price Levels to watch for OPEX-Friday

Crude Oil 4-Hour:

The 240-minute anchor chart shows us the break of the bear price-channel to new higher-highs this evening, which tells us one of two things, is likely to happen next.  

Crude Oil 240-Minute Chart

First, if the sellers grab hold of this we will see a tremendous selling opportunity back down to the 93.00 area where the buy-zone below is located.  

Second, if the buyers are truly in control right now we will keep pushing higher up to the sell-zone at 95.65, 95.82 and the highs of the price-wedge.  

We will definitely be looking for a selling opportunity at the highs of this price-wedge if we can get it on Friday before the closing bell goes off on our week.

Click here to view ALL of the Daily price-levels  

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Looking for the best trading opportunities?

Click here to view ALL of the Daily price-levels  

Did you see the Crude Oil Prep? 

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Double-top day trading strategy trades with the trend

Euro Symmetry 

One of the most important lessons I have learned in my 12+ years of trading the futures markets is the need to have a day trading strategy that will profit in all the different types of market-personalities we see.  Some days are trending, while some days are sideways.  We need to be able to trade EVERY day with confidence, so our day trading strategy MUST have set-ups for both trending markets and sideways trading ranges.  This morning we used a trending set-up to earn some profit with our members in the Live Trade Room and today’s video will show you how to find these day trading patterns for easy profits.

Every professional trader needs a day trading strategy that can profit from both trending and sideways markets.

Russell Symmetry

We used the Symmetry set-up this morning on both the Euro and Mini Russell Futures markets.  These are two VERY different markets, but we traded them using the same patterns, and the same entry triggers.  The best part of the symmetry set-up is our ability to use this on any market, and on any timeframe. 

Whether you are scalping for a few pennies, or holding trades overnight, you can find easy Symmetry Patterns on almost any chart every day of the week.

Crude Oil Double-Top

We also used the Double-top trading set-up this morning in the Live Trade Room on Crude Oil Futures.  Crude Oil is always one of our biggest-movers, and this morning was no different.  The double-top pattern is a BUYING set-up so we looked for new high-highs and then once we saw the double-top formation on the chart we found the buy-zone below using our Fibonacci retracement tool to make entry very easy.  As price moves higher, the buyers failed twice before they ‘regrouped’ and then finally broke to new high-highs on the way to last Thursday’s LOD. 

Look for a bullish trend for the best double-top patterns, and then wait for the test of the buy-zone for easy low-risk, high-reward trading opportunities.

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Rocket-ship named Crude Oil? Can sellers keep this market down?

Crude Oil Weekly

Crude Oil Weekly:

As we turn the corner into the bottom-half of OPEX week, after seeing some incredible trading opportunities already, we begin with the weekly chart of Crude Oil and we see a clue right away in this week’s bearish-red candlestick. 

We don’t see candles like this very often, do we? 

A bearish-red candle tells us this price-action opened at the highs, pushed ALL the way down to create the wick, and now has found a way back up to the highs where it began.  This type of weekly candle tells us the sellers took control early in the week, but the buyers erased those ‘losses’ with a rally after today’s 10:30am EST Inventories Report. 

Crude Oil Daily

With this type of volatility & market personality, this weekly candle tells us to expect a lot more trading opportunities as we finish up the week.

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Looking for the best trading opportunities?

Click here to view ALL of the Daily price-levels  

Did you see the Crude Oil Prep? 

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Join the Premier Live trade-room as an Advanced Member

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