Tuesday, February 13, 2018

Hunting for the Best Patterns | Crude Oil, Emini, Nasdaq, Gold & Euro



“Formal education will make you a living; self-education will make you a fortune.”


Crude Oil is bearish and trying to re-test the prior week low, and I have a support trend-line on the chart giving me all the information I need to find reliable selling-opportunities.

S&P is bullish and running back to yesterday’s high, but a recent Trading-Range tells me I need to focus on “traps” for the best trading opportunities tomorrow.

Nasdaq is bullish and trying to finish off channel rotation, but some easy clues at the prior high tells me to wait for more proof before buying tomorrow morning.

Gold is bullish and headed to another measured-move, but I can see signs of a triangle developing, so my focus is on “traps” tomorrow morning.

Euro is bullish with a Spike & Channel, so I’m looking for buying opportunities after a ‘2-legged pullback’ down to the low of the channel.


Crude Oil Day Trading Strategy

Crude Oil is bearish and trying to re-test the prior week low ahead of the weekly inventory report tomorrow morning.

We can see the sellers got an easy selling-opportunity up above the moving-average, but sitting on this support trend-line isn’t a great place to start selling, so I’m looking for traps above the 59.29 swing to avoid selling into this trend-line, or a breakout-pullback using this trend-line as resistance for another leg lower tomorrow.

Don’t forget, time is of the essence tomorrow morning, the best trades will happen before 10am or after 1045am EST because of the weekly inventory report.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and trying to re-test yesterday’s high and complete rotation back up to the high of the channel, but you can see these short-term trading-ranges, telling me to focus on “traps” below the range near the lows of the channel tomorrow.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish and trying to finish rotation up to the high of the channel, but we can see buyers struggling to push through yesterday’s high, telling me to either wait for a pullback down into the ‘battle zone’ or wait for a successful breakout-pullback to new highs tomorrow morning.

Gold Day Trading Strategy

Gold is bullish and trying to finish a triple measured-move target, but I can see this large bull channel hasn’t been tested at the lows recently, so my plan is to stay patient for reliable buying opportunities down at the low of the channel tomorrow.

Euro Day Trading Strategy


Euro is bullish with a Spike & Channel pattern, telling me to look for reliable buying opportunities where the low of the channel can be combined with previous swings on the chart.

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