Wednesday, June 7, 2017

*Rejection* Day Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX

“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 a Spike & Channel… so the plan is to look for traps and failures up at resistance levels tomorrow while watching for a potential range-bound market.

S&P is range-bound once again this evening ahead of contract-rollover… and we have a “hidden” support trend-line giving us a great buying opportunities off the lows with a ‘pendulum swing’ target up at the highs.

Gold is bearish and trying to re-test yesterday’s low… and we have a “hidden” channel and ‘battle zone’ telling us exactly where to look for the best trades tomorrow.

Euro is bullish and trying to finish off a measured-move tomorrow… and a short-term trading-range is giving us plenty of clues to plan our trades on Thursday.

FDAX is bearish and trying to re-test today’s low… and the recent failure is now telling us to look for selling-opportunities at higher prices tomorrow.

Crude Oil Trading Strategy
Crude Oil is bearish with a Spike & Channel after today’s Inventory Report sent prices $2.00 lower earlier this morning.  This Spike & Channel tells us to look for traps and buyer-failure up at resistance levels overhead, and one thing to keep in mind is that any time a market moves THIS MUCH in one session we often see a range-bound market the following.  The goal is to ‘sell high’ with a target going back to the low tomorrow… and watch closely to see how the price-action reacts at the lows because that will tell you if sellers are accepting or rejecting lower prices, and thus will tell you if we should expect a Trading-Range tomorrow.

E-Mini S&P Trading Strategy
E-Mini S&P is range-bound ahead of contract rollover tomorrow, and we would love to use this “hidden” support trend-line to buy the low of this range using the '2-Try Rule' on Thursday.  The plan for a Trading-Range is to sell the high, buy the low, avoid the middle, and focus on failures.  One thing that stands out is the ‘pendulum swing’ coming off the lows of the range, with a potential target up around the prior week high.

Gold Trading Strategy
Gold is bearish and trying to re-test yesterday’s low, and this “hidden” channel tells us to look for selling-opportunities up around the highs for rotation back down to the lows.  The ideal selling-opportunities will come up around the ‘battle zone’, so we’re looking for a ‘2-legged correction’ or a buyer-failure above the moving-average for an opportunity to ‘get short’ for a move back down to the lows.

Euro Trading Strategy
Euro is bullish and trying to re-test yesterday’s high, and this short-term trading-range appears to be our biggest clue for the most reliable buying opportunities tomorrow.  The goal will be to use traps and failures below the low of the range, or wait for a fake-out breakout pullback up to new highs tomorrow as the bulls try to re-test the high, and possibly complete a full channel rotation up to the measured-move.

FDAX Trading Strategy

FDAX is bearish and trying to re-test today’s low, but the sellers failed on their previous attempt, which creates a support trend-line, and now causes the sellers to look for selling-opportunities at a higher price to avoid selling into rising support.  The plan for tomorrow is to look for selling-opportunities after a ‘2-legged correction’, and it will be important for the sellers to finish the move back down to the lows, because if they can’t, they will give up on this move and the buyers will easily be able to run price back to yesterday’s high.

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