Wednesday, March 7, 2018

Mid-Line Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Your family, your business, and your health must all be cultivated like a garden. Time, effort, and imagination must be used constantly to keep your life flourishing and growing.”


Crude Oil is bearish after this morning’s news report, and a strong run lower tells me there’s a "hidden channel" that I can use for selling-opportunities tomorrow morning.

E-Mini S&P is bullish on its way back to yesterday’s high, and I’m watching price-action react to the mid-line of a major channel for the most important clues for buying opportunities tomorrow morning.

Nasdaq is bullish, but a major resistance level tells me this isn’t a great place to start buying, so my plan is to wait for more reliable buying opportunities after a pullback into the ‘battle zone’ tomorrow morning.

Gold is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities using the '2-Try Rule' above the range tomorrow morning.

Euro is bullish but trading sideways at the high, telling me to focus on failures down below the range for the most reliable buying opportunities tomorrow.


Crude Oil Day Trading Strategy

Crude Oil is bearish after this morning’s weekly inventory report, and this strong move lower tells me to look for a "hidden channel" as resistance for selling-opportunities back down to the lows again tomorrow morning.

I’m also watching this rising resistance trend-line, which tells me the cycle of ‘2-legged pullback’ into buyer-failure into strength and pullback could be just moments away.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a wide bull channel as the bulls try to re-test Tuesday’s high.

Two big clues on the chart tonight; first, we know the objective is yesterday’s high, so the closer we get to that level to the concerned we need to be about buying too high.  Second, the mid-line of this wide channel is acting as resistance, so I want to either use that resistance as support going higher, or avoid that resistance with a pullback down into the ‘battle zone’ tomorrow.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a channel and trying to re-test yesterday’s high, and this is an important clue because we’re getting very close to that “objective” which tells me this is too high to start buying now.

Knowing this, my goal is to find buying opportunities after a pullback off these highs with a target up at the measured-move tomorrow morning.

Gold Day Trading Strategy

Gold is bearish with a Spike & Channel and short-term trading-range this evening.

The Spike & Channel pattern tells me to look for selling-opportunities using traps and buyer-failures up above previous swings, while the range tells me to look for selling-opportunities using the '2-Try Rule' and buyer-failures up above the range highs.

Euro Day Trading Strategy

Euro is bullish and trading sideways inside a range this evening, which tells me the most reliable buying opportunities will come with seller-failures down below the low of the range.


If price tries to break higher, I need to see some strength, and if we can get the moving-average above the range, I’m looking for buying opportunities with a ‘2-legged pullback’ up to the measured-move target overhead.

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