Wednesday, February 21, 2018

The Psychology-Strategy Advantage | Crude Oil, Emini, Nasdaq, Gold & Euro



“Motivation is what gets you started. Habit is what keeps you going.”


Crude Oil is bearish with a flag pattern, and a recent break of the low tells us to be looking for selling-opportunities using the underbelly of the flag tomorrow.

E-Mini S&P is bearish with a strong move to finish today’s session, telling me to look for selling-opportunities after a ‘2-legged pullback’ for a re-test of the low.

Nasdaq is bearish and rotating back down to the low of the range this evening, and the strength of this move tells me to stay patient for the '2-Try Rule' and buying opportunities down at the lows tomorrow.

Gold is bearish and a recent re-test of the low leaves me wondering if this is developing into a range, at which point my focus is going to selling the high with the buyer-failures tomorrow morning.

Euro is bearish and continues to slide lower, and a Spike & Channel pattern telling me to stay focused on selling-opportunities up around the highs tomorrow.


Crude Oil Day Trading Strategy

Crude Oil is bearish and trying to re-test the low of a flag pattern along with a triple measured-move target tomorrow.

One thing stands out on this chart, nobody wants to sell low right now.  Every time we slip below the moving-average we seem to lose all the sellers, so my plan is to avoid the temptation to chase this move lower and focus on selling with buyer-failures at resistance and above the moving-average tomorrow.

Also, don’t forget tomorrow’s inventory report @ 11:00am EST tells us to get to our trades early, being careful after 10:30am.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a strong move down to the 2700 round number and a measured-move target to finish today’s session.

This move is very strong, telling me to expect at least another leg lower, and my plan is to look for selling-opportunities using a ‘2-legged pullback’ up to resistance levels overhead.

Its also worth mentioning at yesterday was a range, so this may be nothing more than a strong rotation from the high back down to the low, but the strength of this move tells me we can trust another attempt to go lower, but afterwards, all bets are off and we may slide back up into the range.  Only time will tell.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish after tumbling off the range highs and this strong move lower tells me to expect at least another attempt to new lows tomorrow, but with this being a range, we should start seeing buyers come back into this market down in the ‘battle zone’.

The plan then, is the same tomorrow as it was today; buy the low, sell the high, avoid the middle, and focus on failures.

Gold Day Trading Strategy

Gold is bearish with a strong finish for today’s session, but the lack of follow-thru to new lows makes me wonder if this isn’t just a range developing for tomorrow.

Knowing this, I need to see more proof going lower, or I’m going to wait for selling-opportunities up around the highs of the ‘battle zone’ tomorrow morning.

Euro Day Trading Strategy


Euro is bearish and sliding down to the prior week low and the one thing that keeps working is selling to “traps” up above prior swings, so that’s the plan once again for tomorrow’s session.

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