Tuesday, March 20, 2018

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



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Crude Oil is bullish and trying to re-test today’s high, but it looks like buyers are failing, so my plan is to watch for a Trading-Range and focus on failures tomorrow morning…

E-Mini S&P is range-bound and choppy ahead of tomorrow’s FOMC Announcement, telling me to fade the breakouts until something changes…

Nasdaq is range-bound and trading sideways, telling me to buy the low, sell the high using failures tomorrow morning…

Gold is bearish and trying to re-test today’s low, but a major support level is standing in our way, so I’m watching for selling-opportunities up at resistance using traps to sell back down to the lows tomorrow…

Euro is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities using traps and failures up above the channel high tomorrow morning…


Crude Oil Day Trading Strategy

Crude Oil is bullish and trying to re-test today’s high, but at this point we’re too high to start buying into this resistance level, so my plan is to wait for more reliable buying opportunities down at the support levels waiting below.

I’m also watching for a possible Trading-Range to develop overnight.  If price pulls back off the highs it will set-up the chart for a triangle/range, telling us to focus on failures down at the lows for buying opportunities tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is range-bound and rotating back and forth inside a narrow range ahead of tomorrow’s big FOMC announcement…

Knowing this, my plan is rather simple; buy the low, sell the high, avoid the middle, and use the '2-Try Rule' to trade failures back into the range until we see a successful breakout-pullback.

Speaking of the successful breakout, if the can show us some strength and take control of this market we have a measured-move and a "hidden channel" waiting overhead.

If the sellers can take control, they have a target going back to the 2700 round number.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound ahead of tomorrow’s FOMC Announcement…
Any time we see a range, the plan is simple; buy the low, sell the high, avoid the middle, and focus on failures using the '2-Try Rule'.

I’m also keeping my eye on a possible bullish breakout higher tomorrow, and I have a measured-move target and possible channel to use if we get that.

Gold Day Trading Strategy

Gold is bearish with a strong move lower in today’s session, but it’s easy to see the sellers aren’t having much success getting below the prior month low.  The bears want to re-test the 1306.6 lows, but we’re going to need to find a more reliable way to sell this market because I don’t want to force this into such obvious support.

Knowing this, I’m watching for a Trading-Range to develop overnight, and if see that take shape, then we can start looking for buyer-failures up above the range tomorrow morning.

In the meantime, my plan is to stay focused on failures up above this resistance trend-line coming overhead because I don’t trust trying to sell this market at the low.

Euro Day Trading Strategy


Euro is bearish with a Spike & Channel pattern, telling me to stay patient and look for buyer-failures above the moving-average for selling-opportunities down to the prior month low target waiting below us.

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