Tuesday, April 24, 2018

When to Get Aggressive | Crude Oil, Emini, Nasdaq, Gold & Euro



“Develop an Attitude Of Gratitude, And Give Thanks For Everything That Happens To You, Knowing That Every Step Forward Is A Step Toward Achieving Something Bigger And Better Than Your Current Situation.”


Crude Oil is bearish and trying to re-test Monday’s low, and this reversal off today’s high, combined with a "hidden channel" give me all the information I need for selling-opportunities tomorrow morning.

E-Mini S&P is bearish after collapsing off the range highs this morning, but the big clue is a rising support trend-line, telling me exactly where NOT to be selling tomorrow morning.

Nasdaq is bearish after a strong move lower, and I have my eyes on a key reversal-line up around 62 for selling-opportunities tomorrow morning.

Gold is bullish after a trend-reversal, which tells me to look for buying opportunities using a "hidden channel" tomorrow morning.

Euro is bullish after a '2-Try Rule' reversal off today’s low, which means I’m looking for buying opportunities and I have my eyes on a new channel tomorrow morning.


Crude Oil Day Trading Strategy

Crude Oil is bearish after the bull’s double-topped today’s high and collapse lower as the buyers quickly exited their open positions.

This trend reversal tells me we have a "hidden channel", a resistance trend-line, and Monday’s low to work with tomorrow.

The reversal tells me look for selling-opportunities off the high of the "hidden channel", and this falling resistance trend-line creates an excellent “resistance zone” to be used for selling-opportunities tomorrow morning with a target going down to re-test Monday’s low.

The only variable for tomorrow is the weekly inventory report, which tells me that ANYTHING can happen, and I need to get into my trades before 10am for the most reliable opportunities tomorrow.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish after price collapsed off the range highs and never looked back.

We have a Trading-Range, a "hidden channel", support trend-line, and the ‘battle zone’ to work with tomorrow.

The "hidden channel" is really our only option at this point after sellers broke free of the short-term channel coming off the high and sellers will need SOMETHING to use for resistance tomorrow morning.

Combine the channel with the prior two swings that make up the ‘battle zone’ and you have three great levels of resistance for selling-opportunities, which will be needed because this support trend-line coming up off the lows tells us the reliable trading opportunities will come as far away from that support level as possible.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish and we have a "hidden channel", support trend-line, reversal-line, and measured-move to work with this evening.

The "hidden channel" is our biggest clue for selling-opportunities tomorrow morning because we broke free of the short-term channel which means sellers will be looking for ANYTHING they can use as resistance.

Combine the high of the channel with the prior swing at 42 and reversal-line at 62 and you have three levels of resistance to look for selling-opportunities with a target waiting down at the measured-move and a possible run lower to the prior month low tomorrow morning.

Gold Day Trading Strategy

Gold is bullish after sellers tried twice and failed to re-test this morning’s low, and we have a "hidden channel", support trend-line, and measured-move to work with tomorrow.

First, any time we reverse the trend I start looking for a "hidden channel", which will give me a key level of support for buying opportunities at the lows, and combine that with the rising support trend-line and you have an easy place to look for buying opportunities with a target up to the next measured-move tomorrow morning.

Euro Day Trading Strategy

Euro is bullish after the sellers tried twice and failed to re-test this morning’s low, and we have a bull channel, measured-move, and a price GAP to work with tomorrow.

The seller-failure is a big clue, telling me this bull market could easily accelerate to the up-side as sellers continue to exit positions held from this massive run lower over the last few weeks.  If the move continues higher the key will be using a "hidden channel" drawn off the highs to find support levels for buying opportunities tomorrow.

Assuming we can hold this channel high, the next buying opportunities will come off the low of the channel, with the potential for a deeper pullback to fill the price gap at the bottom of the ‘battle zone’.


Knowing this, my plan for tomorrow is to look for buying opportunities off the low of the channel, and if price pushes higher, I will continue to draw this channel steeper off new higher-highs as they develop.

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