Thursday, June 28, 2018

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



“We can change our lives. We can be exactly what we wish.  All we need is a goal, an action plan to achieve the goal, and the attitude that never gives up.”

Crude Oil is bullish with a flag pattern, so I’m looking for a buying opportunity with a breakout-pullback above the high, but I’m also watching for a possible failure and a selling opportunity if I get the right signal tomorrow morning...

E-Mini S&P is bullish and rotating back into the range from earlier this week, and my goal is to participate in this ‘pendulum swing’ with buying opportunities using a support trend-line waiting below…

Nasdaq is bullish as it heads back into the range and my plan is to use a "hidden channel" for buying opportunities as the ‘pendulum swings’ back higher…

Gold is bearish and I have my eyes on selling-opportunities at the high of a weekly channel tomorrow morning...

Euro is bearish with a trading-range this evening, telling me to look for selling-opportunities using buyer-failure up above the highs tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bullish with a flag pattern, telling me the buyers have control, but they’re rejecting these higher prices…

We can see buyers already tried buying the dip below the flag, and that didn’t work, so the only option available at this point is to buy the breakout-pullback to the trend-line coming down overhead…

It’s also important to remember that flags have a tendency to fail if the buyers can’t get the momentum going higher again soon – and if they fail I assume we’re headed back to the range we started from earlier this week…

The easiest way to get short is to wait for the next bullish spike, and watch how it reacts to the moving-average – if I see sellers smack it back lower I know we’re headed back down to $72.00 – but if we see strong buyers without sellers defending the move higher, then we know we can buy the pullback for a re-test of the highs…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and headed back into the range, so I’m looking for buying opportunities at support levels and I have my eye on a reversal-line and support trend-line for entry patterns tomorrow morning...

The only variable for tomorrow is how to handle a move higher – if it’s strong, I look for buying opportunities for another leg higher, but if it’s weak to the upside I’m looking to sell with buyer-failures going back into the range again…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish and rotating back to the range where the week began, so I’m looking for buying opportunities to capitalize on this move and I can see a "hidden channel" and a support trend-line to use for entry patterns tomorrow morning...

Gold Day Trading Strategy

Gold is bearish with a wide channel this week, and my plan is to keep looking for selling-opportunities after the bulls try to take it higher…

My goal for tomorrow is to wait for buyers to try and reverse this trend and then sell into the failure for a re-test of the low…

Euro Day Trading Strategy

Euro is bearish and trading sideways inside a range/triangle this evening, so my plan is to look for selling-opportunities using buyer-failures up above the high of the range tomorrow morning...


Keep in mind, the prior week low is just below the range, and with the end of the week tomorrow we may see a run lower, and I’m going to look for buying opportunities if I see the sellers fail TWICE after a run down to new lows…

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