Monday, July 10, 2017

Price Rejection Trading Strategy | Crude Oil, E-Mini S&P, Gold, Euro, FDAX



“I’VE MISSED MORE THAN 9000 SHOTS IN MY CAREER. I’VE LOST ALMOST 300 GAMES. 26 TIMES, I’VE BEEN TRUSTED TO TAKE THE GAME WINNING SHOT AND MISSED. I’VE FAILED OVER AND OVER AND OVER AGAIN IN MY LIFE. AND THAT IS WHY I SUCCEED.”  - MICHAEL JORDAN


Crude Oil is bullish and trying to push through today’s high, so we’re looking for traps to avoid ‘buying high’ while keeping an eye out of a possible reversal tomorrow as well.

S&P is bearish and rotating back to the day’s low, and we’re watching a “hidden” channel for the most reliable selling-opportunities tomorrow.

Gold is bullish as it rotates inside a wedge this evening, which tells us to look for traps and failures at wedge lows for a measured-move target tomorrow.

Euro is bullish and trying to rotate back to the extremes of today’s range, telling us to look for buying opportunities using the '2-Try Rule' tomorrow.

FDAX is bullish and trying to complete a ‘pendulum swing’ target tomorrow, but we need to make sure to trade ‘around’ this short-term range to avoid a fake-out breakout.


Crude Oil Trading Strategy
Crude Oil is bullish and trying to complete a triple measured-move tomorrow, but we’re trading at today’s high and struggling to show proof that buyers are interested in buying this high on the chart.

The bulls clearly have control, but seeing the buyers take profit at the highs earlier today tells us this may end up as one big range tomorrow if these bulls can’t hold this recent ‘2-legged pullback’.

The plan for tomorrow is to avoid ‘buying high’, looking for traps and seller-failure at support levels with a target going back to the high, and possible measured-move tomorrow.

We’re also watching for a possible trend-reversal, which would require buyers to fail to new highs, or a strong move lower for the bears.

E-Mini S&P Trading Strategy
E-Mini S&P is bearish and trying to rotate back down to the low of day after the buyers failed to keep prices pushing to new highs this afternoon.

The plan for tomorrow is to do our best to ‘sell high’ and avoid the middle of this range, using a possible “hidden” bear channel and the ‘battle zone’ as resistance levels with a target going back to the low.

Gold Trading Strategy
Gold is bullish and rotating inside a wedge as it tries to complete a measured-move target tomorrow. 

The bulls appear to be struggling to push through to new highs, while clearly buying all the dips, which tells us the most reliable buying opportunities will likely be at prior support levels with traps and seller-failures tomorrow.

Euro Trading Strategy
Euro is range-bound and trying to complete a ‘pendulum swing’ to the opposite side of the range tomorrow.  The bears just tried to twice to break below today’s Trading-Range and now the buyers are taking their turn to rotate in the opposite direction.

The challenge for tomorrow will be trading ‘around’ this range, so the plan is to buy low with seller-failure or use a successful breakout-pullback to trade up to new highs while avoiding the middle.

FDAX Trading Strategy
FDAX is bullish and trying to complete the ‘pendulum swing’ and measured-move target for tomorrow, but the buyers need to work around this Trading-Range that has been dominating this market for the last 2 weeks.


The plan for tomorrow is to buy the low of the range using seller-failures and traps, while looking for a fake-out breakout pullback with strength and a target to new highs.

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