Wednesday, July 26, 2017

“Hit & Run” Day Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX



“Yesterday is not ours to recover, but tomorrow is ours to win or lose.”


Crude Oil is bullish with a Spike & Channel, but overhead resistance tells us to avoid buying high, so we’re watching a “hidden” trend-line for buying opportunities tomorrow.

S&P is range-bound, so the plan is to use the '2-Try Rule' to focus on failures, buying the low of the range, with a target back to the high tomorrow.

Gold is bullish with a “parabolic move” into a “hit & run”, which tells us to look for a ‘2-legged pullback’ off the highs to fill the gap, and a re-test of the highs tomorrow.

Euro is bullish and trying to complete a quadruple-up target tomorrow, and the “Rule of 3” is telling us to look for a deep pullback before buying more tomorrow.

FDAX is bearish after sellers defended the ‘battle zone’, but we’re too low to chase this move, so watching for selling-opportunities at the high of the channel tomorrow.


Crude Oil Trading Strategy
Crude Oil is bullish with a Spike & Channel and trying to re-test the high of the range from this morning’s Inventory Report.

The most important thing for tomorrow is to avoiding buying into the 48.87 highs, focusing on traps and failures below the moving-average, and using the “hidden” trend-line coming up from below.

If buyers are successful at pushing to new highs tomorrow we have some lofty targets waiting up around the $50 round number, but we need to see clear proof of “price acceptance” before we get too aggressive.

E-Mini S&P Trading Strategy
E-Mini S&P is range-bound and recently finished a perfect example of range-rotation with an overshoot into overshoot.

The Trading-Range tells us to use the '2-Try Rule' to focus on failures, buying the low, selling the high, and avoiding the middle tomorrow.

We already have one try from the sellers to finish today’s session, so the plan is to look for buying opportunities after a second attempt fails tomorrow.

One thing to keep in mind tomorrow is the quadruple-up target still lingering above the range, which will make it difficult to justify chasing anything higher, so focus on ‘traps’ if price attempts a bullish breakout to new highs tomorrow.

Gold Trading Strategy
Gold is bullish with a parabolic move higher in response to this afternoon’s FOMC Announcement.  These types of strength moves go a little “too far, too fast” to be sustainable, most often resulting in a pullback that can be just as sharp as the move higher.

The plan is to look for a ‘2-legged pullback’ off these highs, hopefully down to the “hit & run” in the ‘battle zone’, for a target going back up to re-test the highs.

Euro Trading Strategy
Euro is bullish with a Spike & Channel, and the “rule of 3” tells us to stay patient for the most reliable buying opportunities coming after a ‘2-legged pullback’ off these highs.

The goal for tomorrow is to look for buying opportunities down in the ‘battle zone’, which may come in the form of traps, seller-failures below the moving-average, or a ‘2-legged pullback’ using a falling resistance trend-line.

FDAX Trading Strategy
FDAX is bearish and trying to make a run back to Monday’s low, but we don’t want to chase this move lower and sell into the Double-Down support, so the plan is to look for selling-opportunities up in the ‘battle zone’ to allow us to “sell high” with targets at the Double-Down and possibly all the way back to 33.0 tomorrow. 


Buyers on the other hand, could also justify looking for buying opportunities with this recent “trap low”, but they need to get the trigger quickly because the higher this price moves, the more sellers will enter the market.

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