Monday, August 7, 2017

‘Pendulum Swing’ Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

“Every time you stay out late; every time you sleep in; every time you miss a workout; every time you don’t give 100% – You make it that much easier for me to beat you.”

Crude Oil is range-bound with a beautiful example of the ‘pendulum swing’, so we’re looking for the buyers to fail for selling-opportunities back into the range.

S&P is bullish with a multi-tiered channel and a “hidden” triangle telling us to look for a rather deep pullback to “buy the dip” on Tuesday.

Nasdaq is bullish with two channels, telling us to look for buying opportunities using “traps” on the way to a target up at last week’s high.

Gold is bearish with a flag pattern, telling us to focus on failures up above the high of this short-term bull channel with a target back to yesterday’s low.

Euro is range-bound and trading sideways, so the plan is to focus on failures around the edges of the triangle using the '2-Try Rule' tomorrow.

Crude Oil Trading Strategy
Crude Oil is range-bound with a short-term Spike & Channel for tomorrow.

The Trading-Range is showing us a perfect example of the ‘pendulum swing’ going back and forth around the range, which tells us to look for the buyers to fail for a move back down into the range.

The Spike & Channel does give potential for the buyers to take control, but they need to show us some proof by holding the pullback to the moving-average before we have confidence to become buyers back to yesterday’s high.

Remember, the hardest part about a Trading-Range is staying away from the middle, so stick to the edges, avoid the ‘No Trade Zone’ and wait for proof of a successful breakout-pullback tomorrow. 

E-Mini S&P Trading Strategy
E-Mini S&P is bullish with a multi-tiered bull channel, Trading-Range, ‘battle zone’, and measured-moves to work with tomorrow.

The bull channel can be broken into two halves, telling us to use the bottom half to buy low with a target up at the mid-line.

The Trading-Range and ‘battle zone’ both make for support areas for reliable buying opportunities, and the measured-move and Double-Up levels can be used as targets tomorrow.

One thing that stands out on this chart is a “hidden” triangle, which is down in the ‘battle zone’, so don’t be surprised if we get a nice deep pullback to allow buyers to “buy the dip” back up to the highs again tomorrow.

E-Mini Nasdaq Trading Strategy
E-Mini Nasdaq is bullish with multiple bull channels, the ‘battle zone’, and a prior week high for tomorrow.

The bull channels always tell us to use “rotation” to buy the lows, and even better, look for traps below prior swings.

The ‘battle zone’ will make for an excellent location for reliable buying opportunities and the prior week high will be a great target for the upside runner.

One thing to keep an eye on tomorrow is the weekend gap, down at 97.00, which will likely be filled at some point this week, we just don’t know when.

Gold Trading Strategy
Gold is bearish with a flag pattern, ‘battle zone’, and prior day highs and lows for tomorrow.

The bear flag tells us to focus on selling up around the highs, while avoiding the temptation to sell into the rising support lows.

The ‘battle zone’ will make for an excellent spot for selling-opportunities tomorrow, while the prior day high and lows will be easy targets for the buyers and sellers.

Euro Trading Strategy
Euro is range-bound and trading sideways, which tells us to focus on failures at the edges of this triangle to buy the low, sell the high, and avoid the middle tomorrow.

The most important thing for tomorrow will be to stay patient and use the '2-Try Rule' to buy low and sell high, with a target going back to the original range.

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