Monday, April 2, 2018

4 Steps to Trading a Reversal | Crude Oil, Emini, Nasdaq, Gold & Euro



“If you relentlessly follow just the few core business philosophies that mean the most to you, and spend all your time there, everything else will naturally fall into place.”


Crude Oil is bearish with a Spike & Channel, but it’s the "grind-break" on the chart that really tells me where to start looking for the most reliable selling-opportunities tomorrow morning.

E-Mini S&P is bullish and running back into the range from last week, and I have a 4-step process to help you find the best reversal opportunities for tomorrow.

Nasdaq is bearish, but we’re trading at the low of last week’s range, so I’m looking for the momentum to swing back into the range going higher tomorrow morning.

Gold is bullish with a measured-move, telling me to look for buying opportunities using a ‘2-legged pullback’ down in the ‘battle zone’ tomorrow morning.

Euro is sideways with a megaphone pattern, telling me to fade the breakouts using the failure patterns tomorrow morning.

We have a new week, a new month, and I have another great newsletter for you tonight with plenty of reliable trading opportunities setting up for Tuesday’s session.


Crude Oil Day Trading Strategy

Crude Oil is bearish with a collapse lower in today’s session without a single pullback to the moving-average and a clear "grind-break" from today’s bear channel.

First, this strong move lower was such a collapse that price never gave sellers a chance to load into a decent position, which usually happens above the moving-average, so when we DO pull back tomorrow I would expect a lot of sellers to be waiting.

Second, the bear channel was broken WITHOUT a significant pullback, which once again tells me that sellers haven’t been given much opportunity to “sell high.”

The bears clearly have control, but the one thing that all the clues tell us is that sellers are likely waiting patiently up above the moving-average and that’s where I’m looking for the best selling-opportunities tomorrow morning. 

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish after the sellers tried and failed twice to make new lows this afternoon, and even with this scary move lower, it’s easy to see that this was nothing more than the range rotation and ‘pendulum swing’ strategy that I discussed in last night's newsletter.

The market certainly has momentum moving lower, so the first step is to make sure the sellers have tried twice and failed, which they did.

The next step is to see some momentum shift in the direction of the bulls, which we also have.

Then we can mark up the new higher-highs and find a "hidden channel", which we are seeing tested right now, and buyers are ready to take this price back up into the range tomorrow.

The one thing you need to beware right now as a buyer is trying to buy too high, because remember, sellers are likely going to trying to sell more up above the next swing at 2588.50 so don’t buy into that resistance, wait to buy back at support as price runs higher.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish but trading down at the lows of last week’s Trading-Range.

This move lower may look scary but looking at this in the context of last week’s Trading-Range we know this market will most likely find its way back inside the range tomorrow morning.

My plan is to wait for a signal of strength for the bulls and then look for buying opportunities using a "hidden channel" tomorrow morning.

Gold Day Trading Strategy

Gold is bullish with a strong move higher today, running all the way up to the measured-move.

The measured-move is considered major resistance, so I need to wait for buying opportunities using either a ‘2-legged pullback’ down into the ‘battle zone’ or a breakout-pullback above the measured-move to the target waiting overhead.

Euro Day Trading Strategy


Euro is range-bound with a megaphone pattern, which tells me the market is balanced, and a balanced market tell me to buy the low, sell the high, and avoid the middle in tomorrow’s trading session.

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