Monday, April 23, 2018

Double Bottom Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Don’t Be Too Timid And Squeamish About Your Actions. All Life Is An Experiment. The More Experiments You Make The Better.”


Crude Oil is bullish with a strong move higher, telling me to look for buying opportunities down at the low of a "hidden channel" for tomorrow.

E-Mini S&P is bearish and range-bound, and I have my eyes on a key resistance trend-line for selling-opportunities tomorrow morning.

Nasdaq is bearish with a range, telling me to look for selling-opportunities using buyer-failures up near the highs tomorrow morning.

Gold is bearish with a strong move lower ending in a double-bottom, which tells me to look for buyer-failures for selling-opportunities back down to the double-bottom tomorrow morning.

Euro is bearish and running towards a major target tomorrow, and my plan is to use a major channel for selling-opportunities off the highs.


Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong run higher, a "hidden channel", and last week’s high to work with this evening.

This strong run higher tells me to look for buying opportunities after a ‘2-legged pullback’ with a target going back to the high.

The "hidden channel" provides an easy support level for entry patterns and last week’s high makes for an easy runner target for the bulls.

My plan is to look for buying opportunities down near the low of this "hidden channel" with a target up at last week’s high.

E-Mini S&P Day Trading Strategy

E-Mini S&P is range-bound with a bear-bias and a key resistance trend-line coming off the highs.

The range tells me to fade the breakouts and the overall bearish trend tells me to focus on selling off the highs using buyer-failures, while this resistance trend-line provides an easy level of resistance for selling-opportunities tomorrow morning.

My plan is to look for selling-opportunities using failures up at the high of this range with a target going back down to the low.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound with a bear-bias and a "hidden channel" on the chart this evening.

The overall bear market tells me to look for selling-opportunities up at the highs of the range and this "hidden channel" provides an easy level of resistance to use for buyer-failures tomorrow morning.

My plan is to look for selling-opportunities using buyer-failures up at the high of this range with a target going back down to the low.

Gold Day Trading Strategy

Gold is bearish with a "hidden channel" and double-bottom on the chart this evening.

The strong move lower tells me to look for selling-opportunities after a ‘2-legged pullback’, while the hidden channel provides a key level of resistance.

The double-bottom is important because it tells us we have a range, and a range tells us to focus on failures up above the range high for a target going back to the low.

Euro Day Trading Strategy

Euro is bearish with a large channel and measured-move to work with tonight.

The channel tells me to look for selling-opportunities using the highs as resistance and the measured-move becomes an easy target for the sellers.

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