Tuesday, May 22, 2018

Grind-Break Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“What we call the beginning is often the end. And to make an end is to make a beginning. The end is where we start from.”


Crude Oil is bearish ahead of the weekly inventory report, and a recent "grind-break" is my biggest clue to wait for selling-opportunities using a “trap high” up in the ‘battle zone’ tomorrow morning…

E-Mini S&P is bullish at the low of a channel, but the recent momentum coming off the high tells me to wait for the sellers to try once more before I start looking for buying opportunities back to the high tomorrow morning…

Nasdaq is range-bound and trading in the middle of a triangle, telling me to stay patient and look for buying opportunities using the '2-Try Rule' down at the lows tomorrow morning…

Gold is bearish and running back to the range low, and my goal is to wait for the buyers to try to buy this next dip so I can sell into their stops tomorrow morning…

Euro is bullish and trying to finish rotation back to the high of the weekly range, but I have two big clues telling me to look for a failed TRAP pattern for the best trading opportunities tomorrow morning…


Crude Oil Day Trading Strategy

Crude Oil is bearish and trying to move back inside last week’s trading-range,  but a recent "grind-break" of the narrow bear channel tells me that sellers haven’t been giving a clear opportunity to “sell high” which tells me the most reliable selling-opportunities will likely come after a trap-high up in the ‘battle zone’ tomorrow morning…

And don’t forget, the window of opportunity is much smaller tomorrow – get to those trades before 10am EST because the inventory report comes out at 10:30am and everything goes to sh*t from there…

E-Mini S&P Day Trading Strategy
E-Mini S&P is bullish as price tests the ‘pendulum swing’ rotating down off the highs of the range…

I want to buy the low of this range, but the momentum of this move lower tells me to wait for the sellers to try again before buying into their stops tomorrow morning…

It’s also important to remember this is the high of a much larger range from last week, so there is certainly an opportunity for this market to rotate back down to the fill the weekend gap at 2712, but I need to see more strength going lower before I can start looking for selling-opportunities with a ‘2-legged pullback’ into falling resistance…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound with a wide triangle pattern, telling me to focus on failures at the highs and lows of the range, however, it’s important to remember that the WIDTH of this range allows such strong momentum to build from one side to the other, telling me to make sure I allow the momentum to slow and shift going back into the range before trying to fade the breakouts…

My plan, then, is to look for buying opportunities after the sellers finish this move lower, waiting to get back above the moving-average on strength before buying off the lows tomorrow morning…

Gold Day Trading Strategy

Gold is bearish as the momentum shifts back to the downside this afternoon, the only challenge at this point is resisting the temptation to sell it as it moves lower…

Knowing that buyers are likely trying to pick bottoms because of that falling resistance trend-line, my goal is to wait for the scales to tip a little further lower and then wait to sell a ‘2-legged pullback’ up around the ‘battle zone’ tomorrow morning…

Euro Day Trading Strategy

Euro is bullish as it sits at the bottom of the weekly trading-range and I’m looking for ways to get LONG going back to the high of the range…

The channel is – we have a strong move off the highs, which means momentum is on the side of the sellers, so I can’t just start buying this yet…

And I don’t want to buy the seller-failure because of this short-term trading-range…


So the plan is to look for buying opportunities using seller-failures if price goes LOWER, but if price tries to run higher I need to wait for sellers to try and sell the “trap high” before getting long back to the highs tomorrow morning.

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