Wednesday, September 27, 2017

Range Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Every minute you spend in planning saves 10 minutes in execution; this gives you a 1,000 percent Return on Energy!”


Crude Oil is trading sideways in the middle of a triangle (range), which tells me to mark the highs and lows, staying patient for failures on both sides tomorrow.

S&P is bullish and rotating off the high of a weekly channel, so I’m staying patient and looking for buying opportunities off the low of the channel tomorrow.

Nasdaq is bullish and trading at a weekly high, which tells me to look for a ‘2-legged pullback’ to find buying opportunities at lower prices tomorrow.

Gold is bearish and trying to finish a measured-move target tomorrow, but we appear to be trading sideways, so I’m looking for selling-opportunities up above the range using the '2-Try Rule' tomorrow.

Euro is bearish and looking to re-test today’s low and complete a measured-move tomorrow, so I’m looking for buyer-failures up above the moving-average to finish the move down tomorrow.


Crude Oil Trading Strategy
Crude Oil is range-bound with a week-long triangle on the chart this evening, which tells me to mark the swing-highs and swing-lows as the ‘battle zone’, and watch for the '2-Try Rule' to signal buying the lows and selling the highs tomorrow.

One thing to keep in mind is that prior month high, which is just outside the range, and will easily be a price-magnet for sellers.  If we push that low, I’m staying patient and watching for seller-failures and a move right back into the range again.

E-Mini S&P Trading Strategy
E-Mini S&P is bullish and rotating off the high of this weekly channel, which tells me to stay patient and look for sellers to run price back down to the channel lows before looking for buying opportunities tomorrow.

One thing to keep an eye out for tomorrow is a possible Trading-Range going sideways.  We had a strong move higher this afternoon, which often leads to sideways price-action, and if that happens, I’ll stay patient and fade the breakouts below the range to keep buying as low as possible.


E-Mini Nasdaq Trading Strategy
E-Mini Nasdaq is bullish and rotating off the high of this multi-day bull channel as it tries to re-load for a triple measured-move target tomorrow.

The bulls have control, but we’re back at Monday’s high, which is likely going to be where most buyers take profit, so the plan is to look for a ‘2-legged pullback’ off these highs, down to the low of the channel before looking for more buying opportunities going back to the high tomorrow.

Gold Trading Strategy
Gold is bearish and trying to finish a triple measured-move and possibly a prior month target tomorrow.

The bears have control, but we haven’t seen a correction all week, and we appear to be going sideways (Trading-Range), so the most reliable selling-opportunities will likely be above the range, and I will use the '2-Try Rule' to watch for buyer-failure to sell back down to the low again.

Euro Trading Strategy
Euro is bearish and trying to re-test today’s low, and complete the measured-move target tomorrow.

The bears have control, and after the buyers tried and failed to hold the pullback up in the ‘battle zone’ the sellers are riding this move back down to the lows.


If you missed the entry, the next best opportunity is to wait for the buyers to try again and fade that failure, or wait for the re-test of the low and look for bull-traps on the way down to the measured-move.

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