Wednesday, October 4, 2017

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



“The more credit you give away, the more will come back to you. The more you help others, the more they will want to help you.”


Crude Oil is bearish with a wide, flat channel, telling me the most reliable selling-opportunities will most likely be traps and buyer-failures above the moving-average tomorrow.

S&P is bullish with a Spike & Range pattern, so my plan for tomorrow is to look for buying opportunities below the range using the '2-Try Rule'.

Nasdaq is bullish with a wide, flat channel, which tells me the most important aspect is to focus on buying as low as possible tomorrow, focusing on “traps”.

Gold is bearish with a Spike & Range pattern, so the plan for tomorrow is to look for selling-opportunities using the '2-Try Rule' up above the range high.

Euro is bullish with a Spike & Range pattern, so my plan for tomorrow is to use the '2-Try Rule' to look for buying opportunities below the low of the range.


Crude Oil Trading Strategy
Crude Oil is bearish with a wide, flat channel, which tells me that both sides of this market are likely making money, and I need to focus on selling as high as possible tomorrow.

If price corrects higher, I’m watching those falling resistance trend-lines overhead, combined with buyer-failures and a target going back to the low.

If price pushes lower, the chart will likely develop into a Spike & Channel or wedge going lower, and my plan is to avoid selling low, focusing on bull-traps and buyer-failures up above the moving-average with a measured-move target waiting below.


E-Mini S&P Trading Strategy
E-Mini S&P is bullish with a Spike & Range pattern, which tells me to look for buying opportunities using the '2-Try Rule' below the low of the range, with a target going back up to re-test the high.

If price keep pushing higher, the target will be the high of this channel, and my plan is to look for the "fake-out-breakout-pullback" pattern to buy the dips on the way up to the target tomorrow.


E-Mini Nasdaq Trading Strategy
E-Mini Nasdaq is bullish with a wide, flat channel, which tells me that both sides of the market can make money in this situation, and I need to focus on buying as low as possible tomorrow.

If price pulls lower, I’m looking for the '2-Try Rule' to find a seller-failure and buying opportunities going back up to the high.

If price rotates higher, I have to assume that sellers will be looking to “fade” this move higher, so my focus will be on traps and seller-failures below the moving-average with a target up at channel high.


Gold Trading Strategy
Gold is bearish with a Spike & Range, which tells me to look for selling-opportunities using the '2-Try Rule' up above the high of the range, with a target down to fill the gap waiting below.

If price moves lower, I want to avoid selling into the lows, so my plan is to look for traps and buyer-failures above the moving-average with a measured-move target waiting below.

Euro Trading Strategy
Euro is bullish with a Spike & Range, which tells me to look for buying opportunities using the '2-Try Rule' below the low of the Trading-Range.


If price pushes higher, the plan is to avoid buying into the overhead channel highs and look for traps using the "fake-out-breakout-pullback" pattern with a target up at the measured-move.

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