Wednesday, April 25, 2018

Pendulum Swing Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Move Out of Your Comfort Zone. You Can Only Grow If You Are Willing to Feel Awkward and Uncomfortable When You Try Something New.”


Crude Oil is bearish and range-bound, so my plan is to use the '2-Try Rule' for selling-opportunities off the high tomorrow morning.

E-Mini S&P is bullish, but after pushing through the measured-move it looks like a short-covering-rally may be in play so I’m looking for more aggressive ways to participate in this move higher.

Nasdaq is bearish and range-bound, and I have my eyes on a key resistance level from the ‘pendulum swing’ for selling-opportunities tomorrow morning.

Gold is bearish with a strong move lower, but a recent bounce off monthly support tells me the sellers have rejected lower prices, and my plan is to wait for selling-opportunities at much HIGHER prices tomorrow morning.

Euro is bearish with a Spike & Channel pattern, but a key support level tells me to avoid chasing this move lower and wait for more reliable selling-opportunities up at resistance levels tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is range-bound and trying to complete the ‘pendulum swing’ up into the ‘battle zone’ where I assume there will be plenty of sellers waiting to get short with a target going back down to the low tomorrow.

My plan is to focus on buyer-failures for selling-opportunities up around the ‘battle zone’ resistance level overhead.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and headed back to the range where this week began, and this channel will provide the resistance levels that buyers need to find trading opportunities along the way.

The big clue on this chart is the measured-move, which didn’t stop the buyers from buying the low of the channel…

This tells me the bulls may be looking for a much STEEPER channel, so my plan is to find buying opportunities off the low of the channel, but I’m watching to see if they push through the high of this channel, and if they do, I’m going to adjust the channel steeper and look for buying opportunities off the lows.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound and trying to complete the ‘pendulum swing’ up above the range highs where I assume there will be plenty of sellers eagerly waiting for opportunities to send price back down to the lows.

The most important piece of this puzzle will be waiting to see how the buyers react to this next pullback to the moving-average…

If they fail, I’m looking to sell back down to the low…  but if they hold I will look for a "hidden channel" and buying opportunities back up to re-test yesterday’s high.


Gold Day Trading Strategy

Gold is bearish with a strong channel moving lower, but this prior month low appears to have held at support, telling me that sellers have rejected lower prices and will most likely be waiting to get short at higher prices tomorrow morning.

The key tonight is this rising support trend-line, which tells me that sellers will try to avoid selling until they can get far enough ABOVE the trend-line, or a strong break down BELOW the trend-line tomorrow morning.

Euro Day Trading Strategy

Euro is bearish with a strong Spike & Channel as sellers try to reach the measured-move target in the overnight session.


The bears have control, so my plan is to look for selling-opportunities using resistance levels up overhead tomorrow morning.

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