Thursday, October 12, 2017

Battle Zone Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro Day Trading



"Confidence comes not from always being right but not fearing to be wrong."

Crude Oil is bullish and heading back inside of yesterday’s range, so my plan is to use traps and seller-failures below the moving-average for the most reliable buying opportunities on Friday.

S&P is bearish and looking for rotation back down to the range low, where we will use the ‘battle zone’ to find buying opportunities going back to the high.

Nasdaq is bullish, but two major clues on the chart tell me to use the '2-Try Rule' down in the ‘battle zone’ for the most reliable buying opportunities on Friday.

Gold is bullish, but a flat moving-average tells me to watch for a triangle pattern on the chart, which means I’m looking for buying opportunities down in the ‘battle zone’ to finish the week.

Euro bearish with a Spike & Range, telling me use the '2-Try Rule' to find selling-opportunities above the highs of the range tomorrow.


Crude Oil Day Trading Strategy
Crude Oil is bullish after the sellers tried twice and failed to hold price below the triangle we covered in last night's newsletter.

The only concern I have at this point is staying away from the middle, which tells me to focus on traps and seller-failures below the moving-average as price goes back into the range, leaving a portion of the trade to “run” back to the high.

The ideal scenario for tomorrow would be to get back below this short-term trading-range to use the ‘battle zone’ and the '2-Try Rule' to buy as low as possible before we hit the end of the week.

E-Mini S&P Day Trading Strategy
E-Mini S&P is bearish and trying to rotate back down to the low of the weekly Trading-Range, the only concern I have is avoiding the middle of this range.

Just like I had anticipated from last night's newsletter, the buyers got their second try to break out of the range this morning, but quickly got dragged back lower, telling me to expect to the move going back down to the low of the range.

My goal is to sell around the high of the range, with a target down near the low, then start looking for buying opportunities using the '2-Try Rule' in the ‘battle zone’ tomorrow.


E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a Spike & Channel, and with the combination of the fact that we already pulled-back and re-test the high, along with the strength of this move lower, I’m expecting the sellers to try again, and I would love an opportunity to get long from the ‘battle zone’ tomorrow morning.

The bulls got a great opportunity to buy the “trap low” at the opening-bell this morning and quickly ran back to the highs, but this move off the highs had some strength to it, so I’d like to use the '2-Try Rule' down in the ‘battle zone’ before buying more tomorrow.

Gold Day Trading Strategy
Gold is bullish, but a flat moving-average tells me to keep my eyes on a triangle for tomorrow, which tells me to focus on buying opportunities below in the ‘battle zone’ tomorrow or wait for a strong move higher and look for traps to finish the measured-move target.

The bulls have control, this pullback was quickly seen as a buying opportunity this morning, now we just need to get a good entry price without buying too high tomorrow.

Euro Day Trading Strategy
Euro is bearish with a Spike & Range, telling me to look for selling-opportunities using the '2-Try Rule' above the highs of the range, or look for a "fake-out-breakout-pullback" pattern below the low of the range tomorrow.


The bears have control, but this short-term trading-range tells me not to chase this move lower.  My goal tomorrow is to sell above the high of the range, or wait for a strong break lower so I can look for a “trap” to complete the measured-move target.

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