Thursday, January 25, 2018

Reverse-Target Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Desire is the key to motivation, but it’s determination and commitment to an unrelenting pursuit of your goal — a commitment to excellence — that will enable you to attain the success you seek.”

Crude Oil is bearish with two strong moves lower, and I’m using a combination of a hidden channel along with what I call a “reverse target” for selling-opportunities tomorrow morning.

E-Mini S&P is bearish with a lazy channel, telling me to avoid selling low, and focus on traps with a ‘2-legged pullback’ tomorrow morning.

Nasdaq is bearish with an almost flat, bear channel, telling me to trade this like a range, so I’m looking for selling-opportunities with buyer-failures tomorrow.

Gold is bearish, and I’m using this strong move lower as a “measuring spike” for tomorrow’s target.

Euro is bearish, but sitting at today’s low isn’t a great place to start selling, so I’m going to use a hidden channel for selling-opportunities tomorrow.


Crude Oil Day Trading Strategy

Crude Oil is bearish with a strong ‘2-legged move lower, telling me that sellers are likely trying to re-test the prior week high along with yesterday’s low, and I’m using a hidden channel (drawn off the two recent lows), along with a “reverse target” area for selling-opportunities tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a lazy channel, which is trading just like a range, so my focus is to sell using failures as high as possible tomorrow.

I’m also looking at yesterday’s low at 25.50 as a good target, and using a reversed-target to find a possible entry location around the right highs for tomorrow.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a lazy, almost sideways channel, which is traded almost like a range, so I’m looking for selling-opportunities using failures as high as possible tomorrow morning.

I can also see yesterday’s low down at 88.50, and I can use a reversed-target to find where the best entry would be.

Gold Day Trading Strategy

Gold is bearish with a strong spike down to the prior week high, which going into Friday may result in a short-term trading-range, which I’m waiting to see develop in the overnight session.

This strong move lower is what I call a “measuring spike” telling me that this hidden channel can be used for selling-opportunities at resistance and a final target will be a measured-move tomorrow.

Euro Day Trading Strategy

Euro is bearish with a strong move lower, and I’m looking for selling-opportunities up at resistance levels for a target going down to the prior week high.

Two things you want to keep an eye on here; first, we’re sitting right on today’s low, suggesting that sellers are waiting for opportunities to sell a little higher tomorrow.


Second, if you connect the two lows you can find the hidden channel and look for selling-opportunities using that as resistance tomorrow.

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