Tuesday, March 27, 2018

Steady Profit Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“There's no such thing as perfect. Chasing ''Perfect'' is the shortest road to not achieving it.”


Crude Oil is bearish with a Spike & Channel, but it’s the measured-move on the chart that tells me exactly where to be looking for selling-opportunities tomorrow morning.

E-Mini S&P is bearish, and this trend reversal from Monday tells me to look for selling-opportunities using a "hidden channel" strategy tomorrow morning.

Nasdaq is bearish with a strong move lower, telling me to look for selling-opportunities using a ‘2-legged pullback’ strategy tomorrow morning.

Gold is range-bound at the lows of the range, and I’m using the ‘pendulum swing’ strategy to look for buying opportunities going back up to re-test the high tomorrow morning.

Euro is bearish with a flag pattern, and the '2-Try Rule' tells me the sellers really only have one option before they lose control to the bulls tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bearish with a Spike & Channel ahead of tomorrow’s weekly inventory report.

The bears look really strong into the closing bell this evening, but this measured-move is most likely going to cause some profit-taking for the bears, which should give me the opportunity to use this Spike & Channel for selling-opportunities off the high tomorrow morning.

Remember, the weekly inventory report is released at 10:30am EST tomorrow, and everything after 10am is considered lower-probability, so get to your desk early if you plan on trading the black gold.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish and hunting for last Friday’s low, but it looks like the triple-down support level is holding for the moment, so I’m going to use a "hidden channel" and the ‘battle zone’ for selling-opportunities going back down to Friday’s low.

If price keeps grinding lower, I don’t want to chase the move down, my focus will be staying patient and looking for “traps” up above prior swings.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish, sitting on last Friday’s low after the bottom fell out of this market shortly after the lunch session began.

The bears have control, but it looks like they’ve found some support at Friday’s low, so the next step is to find levels of resistance for selling-opportunities tomorrow morning.

Any time price makes a strong move in one direction my plan is to look for selling-opportunities after a ‘2-legged pullback’, and I have my eye on the top of this channel along with the ‘battle zone’ waiting overhead.

Gold Day Trading Strategy

Gold is range-bound and trading below the range, with a clear ‘pendulum swing’ coming off the high.

Yes, this move lower was very strong for the bears, but it’s easy to see they haven’t been successful breaking to any new lows, telling me the momentum is dried-up and we are ready to go back up to the high of the range tomorrow morning.

The key at this point is to get back ABOVE the moving-average and then look for pullbacks and traps on the way back up into the range.

I price collapses going lower, then my plan is to look for a bearish Spike & Channel and look for selling-opportunities off the high.

Euro Day Trading Strategy

Euro is bearish with a flag pattern, and after trying twice, the sellers need to find a way back down to re-test the lows or this market is going to turn bullish tomorrow morning.

The flag pattern tells me to look for selling-opportunities up above the channel high or down below the channel low, but the sellers have already tried selling this market twice, so if this market can’t hold the low of this channel I assume we’re going to see strength going higher tomorrow.

My plan is to look for selling-opportunities using the low of the channel as resistance.  If price pushes lower, I don’t want to sell into the low so I will then focus on traps.


If the bulls take control on strength, the plan is to use a "hidden channel" to buy the pullbacks on the way back up to re-test Monday’s high.

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