Thursday, March 15, 2018

Fade the Breakout Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Everything You’ve Ever Wanted Is on The Other Side of Fear.”


Crude Oil is range-bound with a triangle ahead of contract rollover, and my plan is to fade the breakouts tomorrow, buying low, selling high, and avoiding the middle.

E-Mini S&P is bearish and rotating back to the high of a bear channel, so the plan is to look for selling-opportunities off the channel highs tomorrow morning.

Nasdaq is bearish with an almost FLAT channel, so my plan is to trade this like a range, looking for buyer-failures up at the highs tomorrow morning.

Gold bearish with a Spike & Range pattern, telling me to focus on failures for selling-opportunities up above the range highs tomorrow.

Euro is bearish and hunting for last week’s low, and I have my eyes on a "hidden channel" for selling-opportunities tomorrow morning.

We’re getting ready to wrap-up an incredible week of trading opportunities with a “Quadruple Witching” trading strategy for tomorrow’s session…


Crude Oil Day Trading Strategy

Crude Oil is range-bound and trading smack in the middle of this triangle pattern, telling me that we may see some fireworks in the short-term, but the plan is to fade the breakouts, focusing on failures and using the '2-Try Rule' to buy the low, sell the high, and avoid the middle tomorrow morning.

Rollover Reminder:  We are watching volume to see when the 05-18 contract will become the new “front-month” contract.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a wide, almost flat channel, and just like last night's newsletter, the plan is to trade this just like a range tomorrow, selling the highs using buyer-failures and the '2-Try Rule'.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a flat, wide channel, which tells me to trade this market like a range with a bear-bias.

Knowing this, my focus is on failures for selling-opportunities up near the highs of the range with a target going back down to the lows.

Gold Day Trading Strategy

Gold is bearish with a Spike & Range pattern as it tries to push down to the prior week low.

The double-bottom we’re seeing at this afternoon’s low is what tells us this is probably a range, so my plan is to stay patient and look for selling-opportunities up above the range highs tomorrow morning.

Euro Day Trading Strategy

Euro is bearish with a channel as it tries to re-test the prior week low, and my plan for tomorrow is to look for selling-opportunities at the resistance levels up near the highs of the channel.

This move looks very strong, so if we keep collapsing lower, I’m going to keep my eyes on a Spike & Range and look for sell above the highs of the range.


Rollover Reminder:  We are watching volume to see when the 06-18 contract will become the new “front-month” contract.

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