Monday, June 25, 2018

Boxed-In Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“You are now at a crossroads. This is your opportunity to make the most important decision you will ever make. Forget your past. Who are you now? Who have you decided you really are now?


Crude Oil is bearish, but we’re sitting at the low of a long-term Spike & Range pattern so I’m looking for the sellers to fail so I can get into buying opportunities going back up to re-test the high tomorrow morning...

E-Mini S&P is bearish with a Spike & Range pattern, telling me to look for selling-opportunities using traps, while keeping my eyes open for a reversal into a "hidden channel" buying opportunity tomorrow morning…

Nasdaq is bearish and bouncing off major support this evening, so I’m watching for a '1-2-3 Reversal' for buying opportunities with a short-covering-rally tomorrow morning...

Gold is range-bound with a triangle pattern, and with the overall bear trend my plan is to look for selling-opportunities using buyer-failures and the '2-Try Rule' tomorrow morning…

Euro is bullish with a Spike & Channel pattern, and my plan is to look for buying opportunities down near the low of the channel tomorrow morning...

We’re back in the action once again this evening, this time we’re counting down to the end of the month, which means we’re expecting big volatility and big trading opportunities as we go into the final few days of June…


Crude Oil Day Trading Strategy

Crude Oil is bearish, but trading the low of a Spike & Range coming off last Friday’s monster OPEC-fueled rally…

The overall momentum of this market is bullish, but we can see the bears have taken control of the short-term trend with a '1-2-3 Reversal'…

I want to buy for a run back to the highs, but the only way I can do that is after seeing the sellers fail and turn into strength going higher…

On the sell-side, I don’t want to sell here because this is where the buyers are looking to buy, so I need to see more strength going lower, then look for selling-opportunities using a "hidden channel" off the highs tomorrow morning...

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish and trading at the high of a Spike & Range just above the prior month close…

The sellers have control of this market, and this prior month level is quite convincing to avoid selling into as resistance, so we’re too low to sell and too bearish to buy – the plan is to wait…

If we see a '1-2-3 Reversal' then I’m looking for a "hidden channel" for buying opportunities…

If this recent pullback fails, however, price is too low to sell, so my focus will be traps up above the range highs tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish and bouncing off the prior month close with a short-covering-rally…

It’s certainly tempting to buy this market for a possible move back to where this bloodbath started this morning, but with the overall momentum being so strong to the sell-side this morning I need to wait for more PROOF before I start buying anything tomorrow morning...

Knowing this, my plan is to look for buyer-failure at the moving-average for a short back down to re-test the low…

And if we do see a '1-2-3 Reversal' off the moving-average then I will find the new "hidden channel" and look for buying opportunities going back to the 7200 tomorrow morning...

Gold Day Trading Strategy

Gold is range-bound and looking nasty this evening as price sits at the low of today’s triangle pattern…

Even with such lifeless price-action, the triangle tells us to look for trading opportunities using failures and the '2-Try Rule' to buy the low, sell the high, and avoid the middle tomorrow morning...

Euro Day Trading Strategy


Euro is bullish with a trading-range and Spike & Channel pattern this evening, and with the buyers showing a strong 1-2-3 breakout above the range highs, I can safely assume that buyers have control and now I just need to wait for a pullback to support levels for buying opportunities tomorrow morning...

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