Thursday, July 27, 2017

3 Rules for Profitable Day Trading | Crude Oil, Emini, Gold, Euro, FDAX



“Nobody can go back and start a new beginning, but anyone can start today and make a new ending.”


Crude Oil is bullish and trying to re-test June’s high, and a Spike & Range pattern is telling us to focus on seller-failures down in the ‘battle zone’ tomorrow.

S&P is bullish and trying to re-test today’s high, and we’re using channel rotation, combined with measured-moves to define the most reliable buying opportunities tomorrow.

Gold is bullish and trying to re-test yesterday’s high, and today’s Trading-Range is telling us to watch for “traps” using a “hidden channel” tomorrow.

Euro is bearish, but trading at two big levels of support, so we’re looking for selling-opportunities using a resistance trend-line for a target back down to yesterday’s low.

FDAX is bearish and still working its way down to Monday’s low, but we’re too low to sell at this point, so our focus is on selling up in the ‘battle zone’ tomorrow.


Crude Oil Trading Strategy
Crude Oil is bullish and trying to re-test the prior month high before we finish July, and we’re using a bull wedge, in combination with a Spike & Range to tell us where to find the most reliable buying opportunities tomorrow.

The bull wedge tells us to look for buying opportunities using rotation from the low back up to the high, and the Spike & Range tells us to look for traps and seller-failures below the range, preferably down in the ‘battle zone’ tomorrow.

E-Mini S&P Trading Strategy
E-Mini S&P is bullish and trying to re-test today’s high, and we’re using a bull channel and measured-move to tell us where the most reliable buying opportunities will be tomorrow.

The bull channel tells us to use “rotation” to buy the low and take profit at the high, while the measured-move creates support and resistance which we can use as the market either pulls back, or tries to push higher.

Gold Trading Strategy
Gold is bullish and trying to re-test today’s high and we’re using a “hidden channel” along with the Trading-Range to give us clues to where the best trades will be tomorrow.

The hidden channel would be perfect if we can get a “trap” below this 57.5 swing, and the Trading-Range reminds us not to chase the move higher.

Euro Trading Strategy
Euro is bearish and trading at the Double-Down support level, which tells us to avoid selling at set-up, and stay patient for selling-opportunities up in the ‘battle zone’ tomorrow.

One thing to keep an eye on is this resistance trend-line overhead, which may be useful in a ‘2-legged correction’ off the lows for a target down the yesterday’s low.

FDAX Trading Strategy

FDAX is bearish and trying to re-test Monday’s low, and this collapse off yesterday’s high is a great start, but we’re too low to sell at this point, so the most reliable selling-opportunities will come up at resistance levels inside the ‘battle zone’ tomorrow for a target going back down to re-test the low.

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