Tuesday, May 15, 2018

Trading with Symmetry | Crude Oil, Emini, Nasdaq, Gold & Euro



“My worst days as a trader are still better than the best days doing anything else.”


Crude Oil is range-bound with a triangle this evening, telling me to focus on fading the breakouts with failure patterns tomorrow morning…

E-Mini S&P is bearish with a Spike & Channel pattern, but the REAL clue are the shallow lower-lows I’m seeing on the chart, telling me to avoid traps at new lows and focus on selling as HIGH as possible tomorrow morning…

Nasdaq is bearish with a Spike & Channel pattern, telling me to focus on buyer-failures for selling-opportunities up above the channel high tomorrow morning…

Gold is bearish with a Spike & Channel pattern, telling me to sell into buyer-failures on the pullback, but I can’t help but notice the long-term triangle pattern, telling me to keep an eye out of a big reversal tomorrow morning as well…

Euro is bearish with a Spike & Range pattern, telling me to focus on failures for selling-opportunities up above the high of the range tomorrow morning…

We saw some STRONG moves on the chart this morning, which usually results in trading-ranges the following day, so the plan is to stay patient to fade the counter-trend breakouts tomorrow morning…


Crude Oil Day Trading Strategy

Crude Oil is range-bound ahead of tomorrow’s weekly inventory report, telling me to fade the breakouts, buying low, selling high, and avoiding the middle tomorrow morning…

And with the major news at 10:30am tomorrow morning, my goal is to get to the trades early, preferably before 10am for the most reliable trading opportunities.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a Spike & Channel pattern after a massive collapse off yesterday’s high…

This strong move lower puts the momentum back in the hands of the bears, but look closely and you can see each new lower-low keeps getting kicked-back, signaling that sellers are losing steam, and telling me to stay patient and focus on selling as high as possible tomorrow, preferably up in the ‘battle zone’…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a Spike & Channel pattern as the bears sit on the prior month high support level this evening…

This Spike & Channel pattern tells me that sellers have control, but the velocity of this move is slowing down significantly – most likely because sellers aren’t interested in selling this low – so my plan for tomorrow is to focus on selling with buyer-failures and traps up in the ‘battle zone’ above the high of the channel.

Gold Day Trading Strategy

Gold is bearish with a massive run lower this morning which tumbled all the way to the opposite side of the ‘pendulum swing’ and reached a large quadruple-down target for the bears…

This short-term Spike & Channel pattern is a big clue, telling me to look for selling-opportunities up above the high of the channel…

But I can’t help but notice – we’re now below that big multi-week range, we even over-shot the ‘pendulum swing’ by a few points…

Yes, the bears are in complete control, and my plan is to look for selling-opportunities first, but this market can EASILY snap back in the opposite direction and head right back to the triangle at 1310 if these bears can’t hold control…

Euro Day Trading Strategy

Euro is bearish with a strong move back down to last week’s low, which is a big clue as we head into tomorrow’s session…


I want to sell this market going with the trend, but I don’t trust selling into this measured-move and the major support from last week’s low, so my plan for tomorrow is to look for selling-opportunities using buyer-failure patterns up above this short-term trading-range.

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