Wednesday, March 28, 2018

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



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Crude Oil is range-bound and rotating back to the high of the range, and my focus is on buying opportunities using the ‘pendulum swing’ as my target for tomorrow.

E-Mini S&P is sideways with a triangle, telling me this market is balanced, and I should focus on failures both above and below the range for tomorrow.

Nasdaq is range-bound after an ugly session today, so my plan is to fade the breakouts using failures at the highs and lows tomorrow morning.

Gold is bearish and targeting the prior month close, and my plan is to look for selling-opportunities using buyer-failures up above the moving-average tomorrow.

Euro is bearish with a strong move lower, and I have my eyes on a reversal-line overhead for selling-opportunities on the way down to the prior week low.


Crude Oil Day Trading Strategy

Crude Oil is range-bound and momentum is rotating back to the high of the range, and the recent failure from the sellers is setting-up for a big run higher using the ‘pendulum swing’ strategy for tomorrow.

Knowing this, my concern is buying into the range highs, so I’m looking for pullback opportunities down near the lows.

If price continues higher without a pullback, then I’m looking for seller-failures going back into the range for buying opportunities to complete the ‘pendulum swing’ target up around 65.51.

E-Mini S&P Day Trading Strategy

E-Mini S&P is range-bound and trading sideways with a triangle pattern.

This range tells me the market is balanced, which means both the buyers and sellers have the opportunity to participate on both sides of this range.

My plan for tomorrow is going to be to fade the breakouts using failure patterns, buying low, selling high, and avoiding the middle, and allowing the momentum of the market take price back into the range tomorrow.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound in a sloppy session today, just below the prior week low.

The Trading-Range is the biggest clue, and with the strong move lower in yesterday’s session we know the bears have the edge.

Knowing this, the goal for tomorrow is to look for selling-opportunities using buyer-failures and traps up above the high of the range using resistance levels for momentum to swing back down to the lows.

Gold Day Trading Strategy

Gold is bearish with a strong, almost straight line lower after a surprise contract rollover to the new 06-18 contract today.

This move lower was incredibly strong, barely pulling back to the moving-average as it went almost four legs lower today.

The lack of pullbacks is the big clue, telling me that sellers are most likely waiting for an opportunity to sell up at resistance, and my plan is to look for selling-opportunities on the next pullback as well.

Euro Day Trading Strategy

Euro is bearish and trading at the low of a channel after a strong move lower this afternoon.

Any time I see a strong move in one direction, I know the most reliable selling-opportunities will be after a ‘2-legged correction’ up into resistance levels waiting overhead.


If price keeps pushing lower, I’m anticipating a bounce off this measured-move target, but if things get really aggressive going lower, the next stop is the prior week low.

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