Tuesday, March 13, 2018

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



“Think Big and Don’t Listen to People Who Tell You It Can’t Be Done. Life’s Too Short to Think Small.” 


Crude Oil is bearish with a Spike & Range pattern, telling me to use the '2-Try Rule' for selling-opportunities up above the highs tomorrow morning.

E-Mini S&P is bearish with an undershoot of a bear channel, so I’m watching for a Spike & Channel pattern instead, giving me opportunity to sell off the highs tomorrow morning.

Nasdaq is bearish with a Spike & Channel pattern, telling me to look for traps up above resistance swings for another leg lower tomorrow morning.

Gold is bullish with a re-test of a key Spike & Channel resistance level, telling me to look for buying opportunities back down at major support levels waiting below.

Euro is bullish with a channel, telling me to look for buying opportunities down near the lows tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bearish with a Spike & Range pattern ahead of tomorrows’ weekly inventory report.

The bears have control, and this triangle/range tells me sellers are rejecting the idea of selling at lower prices, so my plan is to focus on selling at higher prices tomorrow and I have my eye on a "hidden channel" resistance for a move back down to the $60 round number below.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish, and after an undershoot of the bear channel we can assume the next step will be a Spike & Channel.

Knowing this, my goal is to find selling-opportunities at resistance levels near the high of this Spike & Channel for a target down at the measured-move.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities up at the highs of the channel tomorrow morning.

Anticipating this move higher, price will likely be above the moving-average so I will be looking for traps and buyer-failures for a move going back down to the low.

Gold Day Trading Strategy

Gold is bullish and re-testing the Spike & Channel highs from earlier in today’s session.

The bulls have clear control, but this move back to the highs appears exhausted, telling me that buyers will continue to be looking for buying opportunities at LOWER prices tomorrow morning.

Euro Day Trading Strategy

Euro is bullish with a channel, which tells me to look for buying opportunities down at the low of the channel tomorrow morning.


Knowing this, price will most likely be below the moving-average, so my plan is to look for bear-traps and seller-failures for buying opportunities going back up to re-test the high.

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