Wednesday, May 30, 2018

Trading Confluence Levels | Crude Oil, Emini, Nasdaq, Gold & Euro



“If you don’t set a baseline standard for what you’ll accept in life, you’ll find it’s easy to slip into behaviors and attitudes or a quality of life that’s far below what you deserve.”

Crude Oil bullish with a Spike & Range pattern, so my plan is to look for buying opportunities below the range lows, and I have my eye on a ‘battle zone’ waiting below for a triple-whammy of support levels tomorrow morning…

E-Mini S&P is bullish and trading at the high of a trading-range, telling me to look for buying opportunities using seller-failures down below the low of the range tomorrow morning…

Nasdaq is range-bound, but a recent wedge pattern tells me to stay patient for buyer-failure below the wedge before I try selling back into the range tomorrow morning…

Gold is range-bound with a triangle, and my plan is to fade the breakouts back to the middle of the range tomorrow morning…

Euro is bullish with a strong move higher, and I have my eyes on buying opportunities near the low of a "hidden channel" tomorrow morning…


Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong move higher today, finishing with a Spike & Range pattern and a "hidden channel" to work with tomorrow morning…

The Spike & Range tells me to buy below the lows using the '2-Try Rule', while the "hidden channel" sets-up for an added level of support, but in all honesty, I have my eyes on the ‘battle zone’ down below 68.00 which allows me to buy nice and low tomorrow morning…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and back inside the range from last week, but before I start looking to sell the high of this range, I have to respect the momentum of this strong move going higher today…

I would love to combine the low of this channel with the low of the trading-range – buying the low will allow me to buy at multiple support levels while following the momentum of this market higher tomorrow morning…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound with sloppy price-action this afternoon, and while my focus is to sell back into the range tomorrow morning, this wedge is giving the buyers and opportunity to break free to new highs…

Knowing this, I want to sell short off these highs, but I assume there will be buyers waiting below the swings, so I need to wait for them to FAIL before getting short tomorrow morning…

Gold Day Trading Strategy

Gold is range-bound with a triangle pattern, telling me to focus on failures up around the extremes of the triangle with targets going back to the middle of the range tomorrow morning.

Euro Day Trading Strategy


Euro is bullish with a strong 2-legged move higher this afternoon, and with a test of the short-term measured-move target, my plan is to look for buying opportunities down at the low of this "hidden channel" tomorrow morning.

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