Tuesday, March 6, 2018

Head & Shoulders FAILURE Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Happiness is not an accident. Nor is it something you wish for. Happiness is something you design… it is a state of mind.”


Crude Oil bullish, but trading inside a range ahead of tomorrow’s inventory report, so the plan is to focus on failures using a key reversal-line for buying opportunities tomorrow morning.

E-Mini S&P is bullish and trading sideways with a triangle, and a key resistance level tells me to wait for a successful breakout-pullback to new highs tomorrow morning.

Nasdaq is bullish with a Spike & Range, telling me to avoid buying the highs, and focus on failures down below the lows for buying opportunities tomorrow morning.

Gold is bullish and trading at the high of a channel, telling me to stay patient and wait for more reliable buying opportunities down near the lows tomorrow morning.

Euro is bullish with a Spike & Range pattern, which tells me to focus on failures down below the low of the range tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bullish with a bull channel and short-term trading-range just below the measured-move resistance level.

The bulls have control, but it’s easy to see the measured-move is keeping them from buying at this point, so my plan is to look for buying opportunities after the sellers try twice to go lower, with a target going back up to re-test the high.

It’s also important to remember that tomorrow is “Inventory Day”, every Wednesday we get the weekly inventory report, which almost always gives us a few head-fakes and reversals leading into the news, so stay patient and follow the rules tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish but trading sideways with a triangle, just a few ticks below this measured-move resistance level.

The buyers have control, but I don’t want to mess with this major resistance at the measured-move, so I have two options; either buying with a ‘2-legged pullback’ down to the lows of the range, or buying a successful breakout-pullback to new highs above the range tomorrow morning.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a Spike & Range just inches below the measured-move resistance level.

The buyers have control, but it’s obvious they’re struggling to push through this measured-move, so the plan is to look for buying opportunities below the range or wait for a successful breakout-pullback to new highs tomorrow morning.

Gold Day Trading Strategy

Gold is bullish with a strong move higher today, trading at the high of a large bull channel.

The bull channel tells me to wait for price to rotate back down to the lows, but the sheer strength of this move higher tells me we may not get that deep of a pullback, so I’m looking for buying opportunities after a ‘2-legged pullback’ down into support levels, wherever I find them tomorrow.

Euro Day Trading Strategy


Euro is bullish with a Spike & Range pattern, telling me the most reliable buying opportunities will come using seller-failures down below the range low, or after an explosive move to a breakout-pullback tomorrow morning.

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