Wednesday, January 3, 2018

Shallow Pullback Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.”

Crude Oil is bullish with a Spike & Channel ahead of tomorrow’s inventory report, and I have my eyes on a key reversal-line at 61.50 for buying opportunities tomorrow.

S&P is bullish with a Spike & Channel, and the recent signs of profit-taking at the high are telling me to look for the next round of buying opportunities down around the 2705 area tomorrow morning.

Nasdaq is bullish and finally starting to show signs of balance this evening and my plan is to fade range breaks down around the 6560 level tomorrow morning.

Gold is bearish with a wide channel, which tells me that I need to focus on selling as high as possible tomorrow because both sides of the market are in play.

Euro is bearish with a Spike & Channel, and my plan is to look for selling-opportunities up around 20,850 for a triple measured-move target tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bullish trading at the high of a Spike & Channel pattern ahead of tomorrow’s weekly Inventory Report.

My goal with any channel is to trade with “rotation”, buying off the lows and taking profit at the highs, and I would love to find a seller-failure down at the reversal-line at 61.50 which will be major support.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Channel pattern, telling me to look for buying opportunities using a ‘2-legged pullback’ into the ‘battle zone’ for a re-test of the high tomorrow.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a Spike & Channel that’s already pulled-back and re-tested the high.  The shallow pullback, combined with the lack of follow-thru to new highs tells me this is most likely turning sideways into a range, so my plan is to use the '2-Try Rule' to buy seller-failures down in the ‘battle zone’ tomorrow morning.

Gold Day Trading Strategy

Gold is bearish with a wide, almost flat channel, telling me that BOTH sides of this market are participating, so I need to be disciplined not to chase the market lower and focus on selling-opportunities using traps and failures up above the moving-average tomorrow.

Euro Day Trading Strategy


Euro is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities up above the channel highs using buyer-failures for a target going back down to re-test the lows tomorrow.

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