Tuesday, June 12, 2018

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



“I discovered a long time ago that if I helped people get what they wanted, I would always get what I wanted and I would never have to worry.”


Crude Oil is bullish ahead of the weekly inventory report, and with a Spike & Range pattern on the chart, my plan is to focus on failures for buying opportunities down at the lows tomorrow morning…

E-Mini S&P is bullish with a Spike & Range pattern, telling me to look for buying opportunities using a "fake-out-breakout-pullback" pattern on the way up to the round number target tomorrow morning…

Nasdaq is bullish with a beautiful bull channel, break and re-test, but the big question for tomorrow is – do we push higher, or do we pull back to the lows again?  I have a plan for both scenarios…

Gold is range-bound and trading at the low of the range, telling me to look for buying opportunities using seller-failures tomorrow morning…

Euro is trading at the low of a triangle this evening, and after a strong move down to the lows, I’m staying patient for buying opportunities using the '2-Try Rule' tomorrow morning…

We’re headed into one of the biggest monthly news reports tomorrow afternoon, which means our window of opportunity is much smaller tomorrow morning, but that’s not going to stop me from outlining some reliable trading opportunities on our favorite markets in tonight’s newsletter


Crude Oil Day Trading Strategy

Crude Oil is bullish with a Spike & Range pattern, telling me to look for buying opportunities using the '2-Try Rule' and seller-failures down below the low of the range tomorrow morning…

My only concern is TIME tomorrow morning… we have the weekly inventory report due out at 10:30am EST, so the window of opportunity is much smaller…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Range pattern and trading at the high of the range, which isn’t a great place to look for buying opportunities…

My plan for tomorrow is to look for buying opportunities down at the low of the range, or wait for a successful breakout-pullback to new highs and a target up at the 2800 round-number tomorrow morning…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a strong move back to re-test the high of today’s bull channel…

The buyers just finished their mission – strong bull channel, deep pullback, seller-failure at the moving-average and a pullback opportunity to re-test the high…

Now the big question on my mind is – do they go higher or lower from here?

If they go higher we know the buyers are looking for a test of the 7258 high, but if they pull back off the high, then we know this turns into a Spike & Range…

If we run higher I’m looking for buying opportunities using traps at the low of the channel, and if we collapse off the high I’m looking for buying opportunities using seller-failures down in the ‘battle zone’…

Gold Day Trading Strategy

Gold is range-bound and trading at the low of the range this evening, so my plan is to look for buying opportunities using a seller-failure pattern…

My only concern at this point is the strength of this recent move lower, which tells me that sellers will likely try to sell this AGAIN as it goes higher, so my best option is to wait for that “second try” and look for buying opportunities thereafter…

It’s also important to notice that we may be adjusting the range slightly lower, so I’m watching to see what rotation back to the HIGH looks like tomorrow…

Euro Day Trading Strategy

Euro is range-bound with a triangle pattern, so my plan for tomorrow is to fade the breakouts using the '2-Try Rule'…

This recent move lower is very strong, telling me to expect sellers to try again at the moving-average, so I’m staying patient for the bears to try again, then looking for buying opportunities going back up into the range…


As a reminder, we’re watching volume as we go into rollover later this week to the 09-18 contract…

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