Thursday, April 26, 2018

Runner Targets for Friday | Crude Oil, Emini, Nasdaq, Gold & Euro



“The Pessimist Sees Difficulty In Every Opportunity. The Optimist Sees The Opportunity In Every Difficulty.”


Crude Oil is bearish but looks range-bound in the big picture, so my plan is to look for selling-opportunities using buyer-failure up at the highs, while keeping an eye on seller-failures to new lows for buying opportunities tomorrow morning.

E-Mini S&P is bullish but finishing today’s session with a double-top at the highs tells me to focus on failures at the LOW of this short-term trading-range for buying opportunities tomorrow morning.

Nasdaq is bullish as it spikes higher with a short-covering-rally this evening, and my plan is to look for buying opportunities with seller-failures as price pulls back below the moving-average.

Gold is bearish and trying to finish a measured-move target tomorrow morning, and I’m using new lower-lows to create hidden resistance for selling-opportunities tomorrow morning.

Euro is bearish with a strong move lower to finish today’s session, but the REAL clue came from today’s Trading-Range, which tells me to stay patient for reliable selling-opportunities after a deep pullback tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bearish after a strong 2-legged-move off today’s high, but it’s easy to see that this market LOOK like a range…

First, the sellers basically stopped in their tracks at today’s low, and you can see the higher-lows and lower-highs if you zoom out on this chart, and then there’s the 30-minute chart which SCREAMS range…

So the bears have the edge, and my plan is to focus on buyer-failures up at resistance levels for selling-opportunities…

But I’m also going to keep an eye on buying opportunities if I see the sellers fail to extend this move lower later in the session tomorrow morning as well… only time will tell.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a strong move higher as the buyers try to finish a major measured-move target tomorrow morning…

But look how we ended the session, with a big wick and a double-top at the highs, telling me this market is likely going to turn into a range…

Which tells me to focus on seller-failures down at the lows for buying opportunities…

And if the bulls keep pushing higher in the overnight, then my plan is to use the channel as support for buying opportunities tomorrow morning…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is very bullish as it completes a major measured-move target and rotates up to the high of a multi-tiered bull channel…

This strength to finish the session feels like that short-covering-rally we’ve been expecting this week, and usually and explosive move like this pulls back just below the moving-average and either creates a symmetrical second leg higher, or double-tops and creates a Trading-Range…

If the bulls continue to push higher I have a “runner zone” waiting as a target, and I will keep finding a channel by drawing off the highs…

If the bulls start going sideways with a range, then the plan shifts to seller-failures using the '2-Try Rule' down below the range tomorrow morning…


Gold Day Trading Strategy

Gold is bearish with a strong break below today’s Trading-Range as the sellers try to complete a measured-move tomorrow morning…

The bears have control, which means my job is to find resistance levels to combine with entry patterns on the way lower tomorrow morning…

So my plan is to use these lower-lows to create a "hidden channel", combined with prior swing-highs for resistance levels and selling-opportunities tomorrow morning…

Euro Day Trading Strategy

Euro is bearish with a strong move off today’s high all the way down to a major measured-move target waiting as support…

But this move lower came out of a RANGE, which means I can assume a LOT of sellers weren’t able to participate in most of this move lower…


This tells me that sellers will be WAITING up at resistance levels overhead, and I have my eyes on the Reversal-line, combined with the high of this large channel for selling-opportunities tomorrow morning.

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