Tuesday, February 27, 2018

Dollar Index Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“You must take personal responsibility. You cannot change the circumstances, the seasons, or the wind, but you can change yourself. That is something you have control of.”


Crude Oil is bearish with almost four legs lower, but the real clue came from the last candlestick of today’s session, give me a big clue for a Trading-Range ahead of tomorrow’s weekly Inventory Report.

E-Mini S&P is bearish with a channel, I have my eye on a measured-move target and will be looking for selling-opportunities at resistance levels tomorrow morning.

Nasdaq is bearish, and a shallow, almost flat Spike & Channel is telling me exactly where to look for selling-opportunities tomorrow.

Gold is bearish and trying to re-test January’s low, and I’m watching a key reversal-line up at 24.9 for selling-opportunities tomorrow morning.

Euro appears to be bearish at first glance, but trying to break out of yesterday’s range, I’m watching the '2-Try Rule' for buying opportunities going back into the range tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bearish and trying to finish off a fourth measured leg lower, but this closing candle looks like sellers have stopped selling low and this is likely to start trading sideways into a range ahead of tomorrow’s Inventory Report.

Any time I see a range, my focus shifts to selling the highs using failures and the '2-Try Rule', my only concern for tomorrow is getting it early enough so I don’t need to battle the inventory report.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a multi-tiered channel and a measured-move target waiting below.

This channel wasn’t easy to find, it may also be a wedge pattern, telling us this market has a lot more room to run lower, but no matter what the pattern, the sellers have control after a strong move lower, and my focus tomorrow will be selling at resistance levels on the way down to the measured-move.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish and this shallow, almost flat Spike & Channel pattern tells me the trend isn’t very strong and I should stay patient and focus on selling at overhead resistance levels with buyer-failures above the moving-average tomorrow morning.

Gold Day Trading Strategy

Gold is bearish and trying to finish this move down to January’s low, and I have my eyes on a channel, reversal-line, and falling resistance trend-line as key resistance levels to be used for selling-opportunities tomorrow morning.

Euro Day Trading Strategy


Euro is range-bound but the sellers are trying to break through the lows of the range and I’m watching the sellers try twice to re-test the low, telling me that if they fail we should be able to find some great buying opportunities going back into the range tomorrow morning.

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