Tuesday, May 1, 2018

FOMC Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“If You Are Working on Something That You Really Care About, You Don’t Have to Be Pushed. The Vision Pulls You.”


Crude Oil is bearish and bouncing off the measured-move, and I would assume that buyers are going to try and buy this, so my plan is to sell into their failure for another leg lower tomorrow morning.

E-Mini S&P is bullish after a complete reversal this afternoon, and I have my eyes on a "hidden channel" for buying opportunities tomorrow morning…

Nasdaq is bullish at first glance, but it’s easy to see that today’s earning’s report spike is nothing more than a breakout, telling me to short this market with a buyer-failure pattern, now all I need is the trigger.

Gold bearish with a Spike & Channel, and a recent trap, combined with a buyer-failure is setting up for the next selling-opportunity later this evening…

Euro is bearish with a strong move lower, and I can see a triangle pattern developing on the chart, telling me exactly where to find the most reliable selling-opportunities tomorrow morning.

Tomorrow is the FOMC Announcement, so we have a special trading strategy to make sure we get the most out of tomorrow’s opportunities!


Crude Oil Day Trading Strategy

Crude Oil is bearish and trying to re-test the measured-move, and my goal is to use this move higher to catch the counter-trend buyers on the wrong side of the market, sending price collapsing back to the lows again tomorrow morning.

We can easily see the Spike & Channel pattern working lower, giving sellers opportunities to sell off the highs, but now we’re bouncing off the measured-move, which normally produces a ‘2-legged pullback’ before it returns back to the lows…

I have my eyes on the ‘battle zone’ resistance area overhead, or if we don’t make it that far, a buyer-failure and seller strength back at the moving-average.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish after a strong move higher, followed by a successful pullback to the moving-average and an explosive move through today’s high…

With the buyers in control, I don’t want to chase, my goal is to buy at support, so I’m connecting the new highs and creating a new channel off the lows…

My goal is to look for buying opportunities using the reversal-line and ‘battle zone’ as support tomorrow morning…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish in the wake of some tech earnings reports that were released just before the closing bell…

But a closer look at this chart shows us that this move higher is a breakout from the Trading-Range where we spent most of today’s session…

If you’ve ever watched my newsletter before you know that I hate trading breakouts because most of them fail, and this one is no different…

So my plan for the short-term is to look for selling-opportunities using a buyer-failure at the moving-average, with a target going back down into the range…

But I haven’t forgotten about the buyers…

If the buyers can hold this pullback to new highs on STRENGTH, then I will find a new Spike & Channel pattern and focus on buying the lows on the way up to Friday’s high and the 6800 round number.

Gold Day Trading Strategy

Gold is bearish and coming off a recent “trap high” which then led to a “buyer-failure” and now into strength for the sellers…

You’ve probably seen this pattern many times on this Nightly Newsletter and this is a great example…

The next pattern is going to be a pullback to the moving-average, but I need to see a little more strength lower before that pattern will start to set-up…

My goal is to sell this market as it moves down to the 1300 round number, so I’m looking for resistance levels to combine with entry patterns as it goes.

Euro Day Trading Strategy

Euro is bearish on its way down to the round-number at 20,000 tomorrow morning, and I’m looking for ways to sell this market, up at resistance levels overhead, so I can take a small risk for a much bigger reward.

The sellers have control with a strong move lower, and one way to find resistance is to connect the lows and create a channel up at the highs.

Another thing im watching is this possible triangle/range developing.  If the sellers cant re-test this low then we have to worry about this as a range…


If we continue going sideways, my plan will be to sell up above the range high with a buyer-failure pattern.

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