Tuesday, April 10, 2018

Vacuum Effect Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Optimism Is the One Quality More Associated with Success and Happiness Than Any Other.”


Crude Oil is bullish with a strong “vacuum effect” running higher, and a “grind break” of today’s channel tells me to stay patient for buying opportunities after a deep pullback tomorrow morning.

E-Mini S&P is bullish, but trading at the high of a range, so my plan is to focus on failures for buying opportunities down below the lows of the range tomorrow morning.

Nasdaq is bullish, but we’re approaching the buyers’ target, so rather than buying high, my focus is buying low down in the ‘battle zone’ tomorrow morning.

Gold is bullish and pulling-back off the highs, and I have my eyes on a "hidden channel" for reliable buying opportunities tomorrow morning.

Euro is bullish and trying to re-test the measured-move resistance level overhead, but my eyes are on a support trend-line waiting below us for buying opportunities tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong short-covering-rally ahead of the weekly inventory report tomorrow morning, but the big clue is what DIDN’T happen today, a deep pullback.

If you look at the bigger picture it’s easy to see this strong move higher was nothing more than a “vacuum” effect from the big drop on April 1st, telling us this move higher was really nothing more than SELLERS getting out of their positions.

Knowing this, it’s easy to see there were NO deep pullbacks today, telling me that REAL buyers (not short-covering-sellers) are waiting on that next deep pullback for buying opportunities going back up to the high.

The only question I have is, when will it happen?  We have that major news report tomorrow morning @ 10:30am EST and I hope we get it beforehand.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish, but we continue to see the bulls struggle to break through yesterday’s high.

It’s also easy to see that the bulls don’t want to buy high, but they arent allowing price to collapse back down to the low either, telling us the buyers have a firm grip, they just aren’t comfortable buying into the highs, which are the same highs from last week’s Non-Farm Payroll report.

Knowing this, I want to avoid buying at these resistance levels and focus on buying opportunities down at support levels, such as the "hidden channel" and the bull channel lows tomorrow morning.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish and trying to re-test last week’s high, but we’re getting very close to this target, so I have to assume that buyers will be hesitant to keep buying up here, so my focus will be on a deep pullback into the ‘battle zone’ using seller-failures for buying opportunities going back up to the high.

Gold Day Trading Strategy

Gold is bullish with multiple channels and a measured-move to work with this evening.

The measured-move is major resistance, and since we’ve already tested it once, we’re looking for a ‘2-legged pullback’ before another test of the high tomorrow morning.

The channels are the key for tomorrow.  I want to buy at support in a bull market and these channels will be great for entry patterns, especially the "hidden channel" which defines the ‘battle zone’ waiting for buying opportunities down at the lows tomorrow morning.

Euro Day Trading Strategy

Euro is bullish and trying to re-test the measured-move target overhead, and this ‘2-legged pullback’ into a strong move higher tells me that buyers are eager to re-test the high, all they need is the right entry price.


That’s where this falling resistance trend-line comes into play.  Once a level of resistance, now the buyers will try to use it as support, and when combined with the ‘battle zone’ we have a great opportunity to “buy the dip” with a target back up to the highs.

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