Tuesday, January 16, 2018

Trading with “Context” | Crude Oil, Emini, Nasdaq, Gold & Euro



“Would you like me to give you a formula for success? It’s quite simple, really; Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.” 

Crude Oil is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities up above the highs of the channel tomorrow morning.

E-Mini S&P is bearish and trying to re-test the low from earlier in January, and I’m looking for trap set-ups tomorrow because of this flat moving-average I’m seeing on the chart this evening.

Nasdaq is bearish, but a short-term trading-range tells us to focus on traps for the most reliable selling-opportunities tomorrow.

Gold is bullish and trying to re-test today’s high, and I’m looking for a hidden channel for the most reliable buying opportunities tomorrow.

Euro is bearish (almost bullish) and trying to re-test today’s low, but a recent run higher tells me wait for the buyers to try and fail before looking for selling-opportunities tomorrow.

Crude Oil Day Trading Strategy

Crude Oil is bearish with a Spike & Channel, telling me that most sellers are already in this move lower, and the only way to get more sellers involved will be a move above prior swing highs…

So my plan for tomorrow is to look for selling-opportunities up above the channel highs, using the ‘battle zone’ and looking for buyer-failures to the moving-average and traps above prior bull swings.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish and trying to re-test the low from earlier in January, but this short-term trading-range is likely going to make our job more difficult.

Any time I see a short-term trading-range I always look left to know WHO has control (so I can follow that direction), and then I start looking for trap set-ups above and below the range extremes.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish and trading sideways in a short-term trading-range, telling me to look for traps up above the highs, or down below the lows tomorrow morning.

One thing to keep an eye on tomorrow is this low from January 12th, if we can re-test today’s low we will look for the market to push down to re-test that major swing level and run some stops from earlier in the month.


Gold Day Trading Strategy

Gold is bullish and trying to re-test today’s high, and my plan is to use this new higher-high to mark the lows and use a “hidden channel” for buying opportunities tomorrow morning.

Euro Day Trading Strategy


Euro is bearish and trying to re-test today’s low, but the strength of this recent move higher gives us reason to stay patient for some strength going lower, then grabbing the pullback for the re-test of the lows.

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