Monday, February 26, 2018

Urgency Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro

“Get around people who have something of value to share with you. Their impact will continue to have a significant effect on your life long they have departed.”

Crude Oil is bullish and trying to reach January’s high, but a tiny, almost hidden resistance line appears to be standing in the way, so I’m looking for traps down in the ‘battle zone’ for buying opportunities tomorrow morning.

E-Mini S&P is bullish and the aggressiveness of this move higher tells me to watch for buying opportunities using a "hidden channel" tomorrow morning.

Nasdaq is bullish but only a few points from the measured-move, so I’m staying patient to buy the ‘2-legged pullback’ tomorrow morning.

Gold is bearish and rotating back to the low of a megaphone pattern, but a "grind-break" is the big clue I’m using to find reliable selling-opportunities tomorrow.

Euro is bearish but trading sideways with a triangle, telling me to avoid the middle and focus on failures up above the highs of the range tomorrow morning.

The markets definitely feel like they have a sense of “urgency” as we see sellers exit the E-minis and Crude Oil running back to January’s high.

Crude Oil Day Trading Strategy

Crude Oil is bullish with a Spike & Channel pattern, and it appears the buyers are having trouble pushing through the mid-line resistance on the way up to the measured-move, so my plan is to avoid trading into that resistance and look for buying opportunities down in the ‘battle zone’.

If price continues to push higher, the measured-move will be major resistance, at which point my plan is to buy a ‘2-legged pullback’ and a re-test of the high tomorrow.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and trying to reach the 2790 bull target zone after pushing through the measured-move earlier in today’s session.

The bulls have control, and the aggressive sentiment tells me this is just a short-covering-rally as sellers exit positions before we go any further towards re-test the all-time highs.

As this market pushes higher, I don’t want to chase it, I’m going to keep watching for the next buying opportunities down around the low of a "hidden channel".

E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish and trying to test the measured-move and the high of this bull channel.

The bulls have control, but we’re a little too close to this resistance level so my plan is to look for buying opportunities after a ‘2-legged pullback’ down to support levels tomorrow morning.

If price keeps pushing higher (short-covering-rally) then I start looking higher to the prior month high and look for a "hidden channel" buying opportunities on the way there.

Gold Day Trading Strategy

Gold is bearish with a triangle into a megaphone pattern, and a recent "grind-break" going lower tells me to look for selling-opportunities with a trap-high up above prior swings with a target waiting down at the lows tomorrow.

Euro Day Trading Strategy

Euro is range-bound with a bear-bias, telling me to look for selling-opportunities up above the high of the range using buyer-failures and the '2-Try Rule' tomorrow morning.

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