Monday, May 14, 2018

Best Way to Trade Breakouts | Crude Oil, Emini, Nasdaq, Gold & Euro



“I learned at a very early age, that if you worked harder than your current pay-level you would soon be promoted and paid at the level you are working and wish to be paid.  The secret is simple, just apply the effort and be ready for the opportunity.”


Crude Oil is bullish with an eye on last week’s high, but three resistance levels are telling me I need to focus on buying as low as possible tomorrow morning…

E-Mini S&P is range-bound as two different sides of the market are about to collide, so my plan is to play both sides using failure patterns tomorrow morning…

Nasdaq is bearish but trading at the low of major bull channel, so my plan is to look for buying opportunities ONLY after I see the sellers try and fail twice tomorrow morning…

Gold is bearish and headed back into last week’s triangle, and my plan is to use a key reversal-line up at 17.0 for selling-opportunities tomorrow morning…

Euro is bearish and headed back into last week’s range, and my plan for tomorrow is to use a "hidden channel" for selling-opportunities on the way back down…

We have some major trend reversals, some deep pullbacks, and a few examples where both sides of the market are going to clash tomorrow morning, so tonight’s newsletter is essential to make sure we’re prepared for battle…


Crude Oil Day Trading Strategy

Crude Oil is bullish and trying to make its way back up to last week’s high, but we have a few resistance levels we need to worry about before I can start buying…

First, this falling resistance trend-line is clearly going to be a concern, but I can use that as support if we can break above it…

Second, we had a minor Spike & Channel pattern to start today’s session, and the target for the buyers is to get back up to the 71.26 level, where we expect to see profit-taking and a pullback off the high…

Third, we have the high of this new major bull channel, which combined with the measured-move will be the best short-term target for tomorrow morning…
Knowing this, my plan is relatively simple…

I need to get through this falling resistance and try using it as support on the opposite side, and the reason that’s important is because I don’t want to buy into the 71.26 resistance…

As price keeps going higher I need to avoid buying into the channel high, so my plan is to look for traps…

And if we cant keep pushing higher, I’m going to focus on buying opportunities using seller-failures below the moving-average down at the low of this channel using the ‘battle zone’ tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is range-bound and stuck between a short-term move lower and a long-term move higher…

It’s easy to see the short-term momentum is going lower, which means sellers will likely be trying to sell above the high of this range…

But you can also see this large bull move higher last week, which means long-term buyers are going to be waiting at the lows of this channel…

So my plan is going to be playing both sides of this market.  Im looking for selling-opportunities above the highs of this short-term trading-range, and buying opportunities down below, both using the '2-Try Rule' tomorrow morning.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish as it rotates back down to the low of a major bull Spike & Channel pattern, telling me that long-term buyers are going to clash with short-term sellers and I need to find a reliable way to trade it tomorrow morning…

First, the momentum of the Nasdaq is moving lower, and I know that if I was a seller I would probably try twice to sell the ‘battle zone’ before I gave up and started looking for longs…

So, my plan for tomorrow is to wait for those sellers to try twice and then look for opportunities to buy into their failures for a move going back up to re-test the high.

Gold Day Trading Strategy

Gold is bearish and headed back into last week’s trading-range, so im looking for resistance levels that I can use for selling-opportunities tomorrow morning…

I have my eyes on the reversal-line up at 1317.0 and the high of this "hidden channel" for the most reliable selling-opportunities tomorrow morning…

Euro Day Trading Strategy

Euro is bearish with a strong, almost “free fall” off today’s high, and as the bears now take control of this market we can assume they’re looking to go back into the range from last week’s session…

With the bears in control, the key now is finding resistance levels to look for selling-opportunities tomorrow morning…


So my plan is to use this "hidden channel" and ‘battle zone’ for resistance levels and entry patterns as we go back into last week’s trading-range.

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