Monday, March 12, 2018

Shake-Out Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“It Doesn’t Matter Where You Came From. All That Matters Is Where You Are Going.”


Crude Oil is bearish but trying to turn bullish after a measured-move snuffed-out the momentum for the bears, and I have my eye on a seller-failure down below the moving-average for buying opportunities tomorrow morning.

S&P is bearish (as much as I want it to be bullish) with a triangle pattern, telling me to look for selling-opportunities up above the highs using buyer-failures tomorrow morning.

Nasdaq is bullish with a Spike & Channel pattern, telling me to look for traps down near the lows, but my plan is to look for a “shake out” to the downside tomorrow morning, followed by some seller-failures and a rocket back up to re-test the high.

Gold is bullish with a late-session reversal, telling me to look for buying opportunities using a "hidden channel" tomorrow morning.

Euro is bearish with a Spike & Range pattern, telling me to focus on buyer-failures tomorrow for selling-opportunities going back down to re-test the low.


Crude Oil Day Trading Strategy (BOXED-IN)

Crude Oil is bearish but ready to turn bullish after sellers slid through the measured-move and are now struggling to find momentum to take the price lower.

Knowing this, my plan for tomorrow is to look for seller-failures down below the moving-average, and if price goes higher, continue looking for buying opportunities off a "hidden channel" support level for a target going back up to the 62.33 highs.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish but trading with a triangle/range this evening, telling me that sellers took control today but they weren’t able to get much accomplished to the downside.

We have a bear channel to start the session, but most channels will easily re-test the lows, and we can see the sellers tried twice and failed.

Knowing the sellers failed, the buyers had a clear opportunity to take control shortly after 2pm EST this afternoon, but even after such a strong spike higher, nobody was there to buy the pullback.

So, even after such a strong bull run on Friday, a failed attempt to re-test the low from the sellers, the buyers just aren’t showing much interest in this market, so I have to stick with the sell-side until something changes.

With the bears in control, and a Trading-Range/triangle on the chart, my plan is to look for selling-opportunities using buyer-failures up above the highs for a move back down again.

And if by chance, we do see some strength to the downside, I have a measured-move waiting as a target for the runner.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with what could be described as a Spike & Channel or a short-term trading-range with a bull bias.

The bulls aren’t giving anything back from last Friday’s big run higher, but we can see they aren’t finding many new buyers at new highs either, which is causing the market to turn sideways into a Trading-Range.

Any time I see a Trading-Range I know the plan is simple; look for buying opportunities using seller-failures below the range or look for a successful breakout-pullback to new highs on strength tomorrow morning.

Another thing I’m watching tomorrow is a possible SHARP correction off the highs, which will look to “shake out” the buyers with trailing stops and force them to get back into their positions.

Knowing this, don’t be too quick to call a reversal if we see that “shake out” tomorrow morning because the first attempt lower will likely be a trap!

Gold Day Trading Strategy

Gold is bullish with a strong spike higher to finish today’s session back inside the range where we started.

The bulls have a nice move higher, and my goal for tomorrow is to use this "hidden channel" to buy a pullback to support with a target going back up to retest the high.

Another thing to keep in mind is this Trading-Range, telling me to beware chasing the move, and to stay patient to buy the pullback if price keeps running higher.

Euro Day Trading Strategy

Euro is bearish with a Spike & Range pattern, telling me to look for selling-opportunities up above the range highs using the '2-Try Rule' and buyer-failures around the moving-average.


Two things I’m watching for tomorrow are the high of this "hidden channel" and the reversal-line from last week’s swing-low.  Both of those levels are excellent resistance levels that I can use for selling-opportunities tomorrow.

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1 comment:

  1. disinterested... uninterested... the answer is. it's whatever the wife says. happy wife happy life :)

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