Wednesday, May 16, 2018

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



“We must all suffer one of two things: the pain of discipline or the pain of regret and disappointment.”


Crude Oil is bullish as it trades into the high of the range, and I expect to see the buyers put up a fight to go higher, but in the end, I’m looking for selling-opportunities back down to the low of the range tomorrow morning…

E-Mini S&P is bullish with an eye on a triple measured-move target tomorrow morning, and I have my eye on a seller-failure pattern for buying opportunities…

Nasdaq is bullish and headed towards it’s measured-move target, and a key resistance trend-line tells me where to (and not to) look for the most reliable trading opportunities tomorrow morning…

Gold is bearish, but trading in the middle of today’s range tells me this market is balanced, so my plan is to sell the high of a short-term trading-range using buyer-failures tomorrow morning…

Euro is bearish, but a triangle pattern on the chart tells me to avoid selling new lows and focus on selling with buyer-failures up around the highs tomorrow morning…

Just as we expected, today’s session gave us a lot of trading ranges on the charts, which means I have a specific strategy for tomorrow’s trading session, and as always…


Crude Oil Day Trading Strategy

Crude Oil is range-bound and trading into the high of the multi-day range…

My goal is to sell the high of this range, but the strength of this move higher tells me I need to wait for the buyers to try once more before I can start looking for reliable selling-opportunities off the highs tomorrow morning…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and trying to re-test today’s high and finish a triple measured-move tomorrow morning…

We’ve recently pulled-back to the low of the channel and we can see the sellers trying to get short at the moving-average…

My plan is to wait for the sellers to try and send this price lower and then look for buying opportunities going back up to the high…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish and trying to complete a measured-move target, but this falling resistance trend-line appears to be keeping the bulls from finishing rotation back up to the high of this channel – so my plan for tomorrow is to wait for the buyers to clear this resistance trend-line and then buy pullbacks on the way higher.

Gold Day Trading Strategy

Gold is bearish and trading in the middle of today’s trading-range, at yesterday’s closing price, and today’s opening price – all of which tell me this market is completely balanced at this point…

The sellers have control, but they failed to hold price going lower this morning, so the only reliable selling-opportunities at this point will be at higher prices and my plan is to look for buyer-failures up at resistance for the most reliable trading opportunities tomorrow morning.

Euro Day Trading Strategy

Euro is bearish and trading sideways inside a range, telling me to focus on selling-opportunities using buyer-failures up above the highs of this range tomorrow morning…


And if price continues to push lower, I need to make sure we see confirmation to new lows before I try selling down to the large measured-move target waiting below…

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