Wednesday, March 14, 2018

“Slope” Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



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Crude Oil is bearish and trading inside a range, telling me to look for selling-opportunities up above the range highs tomorrow morning.

E-Mini S&P is bearish with a flat, almost sideways channel, telling me to focus on failures up near the highs for selling-opportunities tomorrow morning.

Nasdaq is bearish with a Spike & Channel, and the slope of this channel is giving me plenty of information for selling-opportunities near the highs tomorrow morning.

Gold is sideways with a triangle, telling me to use the '2-Try Rule' to sell the high and buy the low tomorrow morning.

Euro is sideways with a triangle, telling me to focus on failures and look for opportunities to “fade” the breakouts using failure patterns tomorrow morning.



Crude Oil Day Trading Strategy

Crude Oil is bearish and trading inside a range this evening, telling me to look for selling-opportunities up at the highs using buyer-failures and the '2-Try Rule' tomorrow morning.

I can also see this rising support trend-line coming up from the lows, telling me to get BELOW this support trend-line before looking for the selling-opportunities back down again.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a Spike & Channel pattern but look at all those wicks at the bottom of the chart, and look how flat this channel looks, clearly telling us that this market is bearish, but with a rather week trend.

The most important clue is the SLOPE of this channel, its almost flat.  What would we call this channel if it were flat?  We would call it a range.

Knowing this channel is almost the same as a range, now I need to trade this like a range with a bear bias.

Any time we see a Trading-Range we look for failures at the highs and the low using the '2-Try Rule', and that’s the plan for tomorrow’s session.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a Spike & Channel pattern but looking at the slope of this channel and you can see its very flat, telling us to trade it just like a range tomorrow morning.

Knowing this, I want to be a seller up near the highs, and because this is similar to a range, my goal is to use the '2-Try Rule' for buyer-failures at resistance overhead.

Gold Day Trading Strategy

Gold is trading sideways with a triangle pattern as the buyers appear to be struggling to re-test the high, but the sellers haven’t given us any clear control to the downside.

The range is most important, telling me to focus on breakout failures above and below the range using the '2-Try Rule' tomorrow.

Euro Day Trading Strategy

Euro is bullish and trading sideways with a triangle after the buyers failed to re-test today’s high, but sellers haven’t taken control yet.


The most important clue is the range, telling me to look for selling-opportunities above the highs and buying opportunities below the lows using failures tomorrow morning.

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