Thursday, June 7, 2018

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



“Goals are a means to an end, not the ultimate purpose of our lives. They are simply a tool to concentrate our focus and move us in a direction. The only reason we really pursue goals is to cause ourselves to expand and grow. Achieving goals by themselves will never make us happy in the long term; it’s who you become, as you overcome the obstacles necessary to achieve your goals, that can give you the deepest and most long-lasting sense of fulfillment.”


Crude Oil is bullish, but trading at the high of a major range isn’t a great place to start buying, so I’m waiting for a bear-trap down in the ‘battle zone’ tomorrow morning…

E-Mini S&P is bullish and headed back to this morning’s high, and I have my eyes on a hidden support trend-line for buying opportunities tomorrow morning…

Nasdaq is bearish, but a recent “grind-break” of a channel, combined with this being the first pullback tells me to look for buying opportunities ahead of a potential reversal back to the highs tomorrow morning…

Gold is range-bound and sitting smack in the middle this evening, so I’m staying patient to buy the low and sell the high using failure patterns tomorrow morning…

Euro is bullish with a Spike & Range pattern, and I have my eyes on a few range expansion support levels for buying opportunities tomorrow morning…



Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong move back to the high of the trading-range…

I want to buy this market because the momentum is strong to the up-side, but I need to avoid buying into the range high, so my plan is to look for buying opportunities on a ‘2-legged pullback’ into the ‘battle zone’…

And if price keeps pushing higher, I’m focused on buying with bear-traps because there will be sellers above the highs tomorrow morning…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and trying to re-test today’s double-top high, and with the measured-move approaching overhead, I’m looking for buying opportunities down at support levels in the ‘battle zone’ tomorrow morning…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish, but with this move lower being the first real pullback off the highs of this week’s bull run, I assume buyers are trying to go back and re-test the highs…

The big clue on this chart is the grind-break, which broke free of the bear channel without allowing sellers to get in at a decent price…

This tells me that sellers are likely waiting to sell at a higher price, giving the buyers a chance to run this market higher, and if the sellers cant hold this overhead ‘battle zone’ we should see a move back up to re-test the highs tomorrow morning…


Gold Day Trading Strategy

Gold is range-bound with price sitting in the middle of the range this evening, telling me to stay patient and wait for trading opportunities using the '2-Try Rule' and failure patterns at the highs and lows of the range tomorrow morning…

Euro Day Trading Strategy


Euro is bullish with a Spike & Channel into a range, so my plan is to buy the pullback with a target going back to the highs, and I’m using the “range expansions” to find key support levels to look for my entry patterns tomorrow morning…

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