Tuesday, May 8, 2018

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



“Don’t set your goals too low. If you don’t want much, you won’t become much.”
  

Crude Oil is bullish with a "hidden channel" pattern, telling me to focus on buying opportunities near the lows tomorrow morning…

E-Mini S&P is bullish and trying to re-test Monday’s high, and I have my eyes on a short-term trading-range for the most important buying opportunities tomorrow morning…

Nasdaq is bullish on its way back to re-test Monday’s high, and my goal is to buy pullbacks using a key support trend-line on the way back to the highs tomorrow morning…

Gold is range-bound with a triangle pattern, telling me to focus on failures, selling high and buying low tomorrow morning…

Euro is bearish and trading at the high of a channel, so I want to sell back down to the lows and I’m going to use a support trend-line to tell me exactly when and where to get short tomorrow morning…

Markets are recovering from major announcements out of the White House this afternoon, so I’m waiting for the dust to settle because I have some clear opportunities setting-up for tomorrow’s session


Crude Oil Day Trading Strategy

Crude Oil is bullish (after a rocky trading session) and moving back to re-test Monday’s high, and I have a short-term trading-range, combined with a bull channel to use for buying opportunities tomorrow morning.

The bull channel is most important because the best trading opportunities will likely come off the lows, so I’m staying patient…

If price pushes higher, the top of the trading-range becomes a concern, so my focus is buying the LOW of the range, or with enough strength, I can use the high of the range as support for a breakout pullback pattern…

It’s also important to remember that tomorrow is the weekly Inventory Report @ 10:30am EST…  telling us this price-action may not get much cleaner until we can get through that announcement tomorrow morning…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and trying to re-test Monday’s high after the buyers “bought the dip” earlier in today’s session…

The big clue is this trading-range – we’re trading at the highs, which isn’t a great place to start buying, so I’m looking for a little more strength higher before I buy pullbacks…

If not, I need to focus on seller-failures BELOW the trading-range for buying opportunities tomorrow morning…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish as it heads back to re-test yesterday’s high, and this resistance trend-line (which can be used as support) is looking to be our biggest clue to get long…

As we had anticipated in last night's newsletter, buyers were eager to “buy the dips” off Monday’s high, and now buyers are making their way back to re-test the high, so I want to participate in this move along with them…

The high of the range is major resistance, so as price moves higher I need to avoid chasing the move higher, focusing on buying on a pullback or using “bear-traps” with this trend-line waiting below.

Gold Day Trading Strategy

Gold is range-bound with a triangle pattern, telling me to fade the breakouts using failure patterns above the highs and below the lows tomorrow morning.
The big clue on this chart is the triangle and the ‘pendulum swing’…

First, I can assume that sellers are going to avoid selling too close to the middle of this triangle, so I expect to see price push HIGHER before we can sell it LOWER…

How far will it go?  The ‘pendulum swing’ projects resistance up at 1320 so that is a great place to look for buyer-failures and selling-opportunities going back down into the range tomorrow morning…

Euro Day Trading Strategy
Euro is bearish and trading at the high of this new channel, telling us that sellers will be trying to sell back down to the lows…

But this rising support trend-line is clearly standing in the way, telling me to wait for selling-opportunities either higher on the chart (‘battle zone’) or lower after we break through this trend-line on strength…

It’s also important to remember that we are now below the original bear channel, creating a possible short-covering-rally if the sellers are unable to hold control…


If that happens, my plan is to use a "hidden channel" for buying opportunities on the way back up to the round number overhead.

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