Monday, July 16, 2018

3 Important Questions | Crude Oil, Emini, Nasdaq, Gold & Euro



“Life is a gift, and it offers us the privilege, opportunity, and responsibility to give something back by becoming more.”


Crude Oil is bearish with a strong and steady move lower today, telling me to look for either a Spike & Range or a Spike & Channel pattern for the most reliable selling-opportunities tomorrow morning...

E-Mini S&P is bearish with a Spike & Range pattern, telling me to look for selling-opportunities using buyer-failures and the '2-Try Rule' up at the highs tomorrow morning...

Nasdaq is bearish with a strong spike lower this evening, telling me to look for selling-opportunities using a Spike & Channel pattern tomorrow morning...

Gold is range-bound with a triangle pattern, telling me to fade the breakouts for the most reliable trading opportunities tomorrow morning...

Euro is bullish but trading sideways with a range tonight, telling me to look for buying opportunities using seller-failures below the range low tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bearish with a strong move lower today, and usually when price-action goes this far, this fast, the following day turns into a range or a Spike & Channel…

If we see a double-bottom at the low, then we know it’s a range, and my plan is to sell above the high of the range using the '2-Try Rule' and buyer-failures…

If we get a Spike & Channel, then I shift my focus to selling the high of the channel and the ‘battle zone’ on the way down to the prior month open tomorrow morning...

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a Spike & Range pattern, telling me to look for selling-opportunities using buyer-failures up above the range high, or a successful breakout-pullback below the range low tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a strong spike lower to finish today’s session…

Everything was going fine this afternoon with the price-action rotating back and forth inside this bear channel until Netflix released shockingly-low earnings which surprised everyone (including the company itself) and sent price running lower…

The SPIKE is the big clue, telling me to look for one of four patterns to trade tomorrow.

·       Spike & Channel
·       Spike & Range
·       Spike & Wedge
·       Flag Pattern

No matter which pattern we see, the goal will be finding resistance levels and selling them tomorrow morning...

Gold Day Trading Strategy

Gold is range-bound with a triangle pattern, telling me to avoid the middle, buy the low, sell the high, and focus on failures using the '2-Try Rule' tomorrow morning...

Euro Day Trading Strategy

Euro is bullish with a Spike & Range pattern, telling me to look for buying opportunities using seller-failures down below the range low, or a successful breakout-pullback for buying opportunities to new highs tomorrow morning...

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