Monday, April 9, 2018

Bigger Picture Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Your Life Only Gets Better When You Get Better.”


Crude Oil is bullish with a Spike & Range pattern, telling me to look for buying opportunities below the range low, but it’s the channel that really gets me excited for buying opportunities tomorrow morning.

E-Mini S&P is bearish after collapsing off today’s high, and this strong reversal tells me to use a "hidden channel" for selling-opportunities tomorrow morning.

Nasdaq is bearish with a strong run lower, and I have my sights on a trap-high above the most recent swing for selling-opportunities tomorrow morning.

Gold is bullish with a Spike & Channel pattern, telling me to look for buying opportunities at the low of this channel.

Euro is bullish with a strong Spike & Range pattern to finish today’s session, telling me to look for buying opportunities with seller-failures below the range tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong run higher, all the way back into the range from last Friday’s Non-Farm Payroll report (remember, the Monday AFTER that big news report is a much easier day to trade, and we saw an example of that today, right?).

The bulls have control with a Spike & Range pattern, telling me to look for buying opportunities down below the low of the range, but we also have a trend reversal from Friday’s session, and reversals tell me to look for that "hidden channel” as support to buy the pullback tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish after buyers were unable to hold the pullback to the low of the channel and then collapsed on strength to the downside.

Now, this might just be a deep pullback, but this move lower is SO strong that I just can’t justify being a buyer until we see more proof back above the moving-average tomorrow morning.

Knowing this, any time the market turns directions I like to draw a trend-line off the lows, copy and paste up to the high, and look for selling-opportunities using this as a "hidden channel" resistance area waiting overhead with a target down at Friday’s low.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish after collapsing off today’s high, and this much strength moving lower tells me that sellers will most likely be waiting on the next pullback off these lows.

Knowing this, I’m looking for selling-opportunities up at the moving-average, but what would be even better would be a “trap” above these previous swing-highs, so im staying patient and looking for the entry on the next pullback with a target going back down to yesterday’s low.

Gold Day Trading Strategy

Gold is bullish with a strong run to finish today’s session, and with this being a trend REVERSAL from the overnight move lower, I know the most reliable buying opportunities wont be chasing this move higher, but waiting for a pullback down to the lows of this Spike & Channel and then look for a move up to complete the measured-move target for the bulls tomorrow morning.

Euro Day Trading Strategy

Euro is bullish with a Spike & Range pattern after buyers broke free of the overnight trading and ran straight the Double-Up target waiting overhead.

The bulls have control, that’s easy to see, but this Trading-Range tells me that the buyers got what they wanted and now they need to see a pullback to lower prices, or PROOF of more demand to new highs tomorrow morning.


Knowing this, my plan is to look for buying opportunities with a pullback down to the low of this "hidden channel" or if we make new highs im looking for a "fake-out-breakout-pullback" pattern up to the triple-up target waiting overhead.

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