Monday, July 23, 2018

Best Risk-Reward Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Don't be too timid and squeamish about your actions. All life is an experiment. The more experiments you make the better.”


Crude Oil is bearish and trading at the low of a range, telling me to look for buying opportunities AFTER the sellers complete their '2-Try Rule' tomorrow morning...

E-Mini S&P is bullish with a strong run higher this evening, and I have my eyes on buying opportunities using the lows of a Spike & Channel tomorrow morning...

Nasdaq is bullish with a strong spike higher this evening, and with the target back up at last week’s high, I’m avoiding the temptation to chase this move higher and waiting for opportunities to buy at support levels, such as a "hidden channel" tomorrow morning...

Gold is bearish into a short-term trading-range this evening, telling me to look for selling-opportunities using the '2-Try Rule' up above the highs tomorrow morning...

Euro is bullish with the buyers trying to re-test this morning’s high, and my plan is to wait for opportunities to use a resistance trend-line as support for a seller-failure pattern tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bearish and trading at the low of a last week’s trading-range… 

The momentum is certainly bearish, but I’m looking to BUY the lows of this range, so my plan is to either wait for the completion of the ‘pendulum swing’, followed by a seller-failure going higher… or I will wait for a strong push higher and look to buy the pullback using this resistance trend-line as support tomorrow morning...

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and trading at the high of a range this evening…

This recent move higher is VERY strong, telling me to look for at least one more leg higher tomorrow morning... but it’s important not to forget where we are on the chart… the high of a range, telling me to look for buying opportunities on the pullback but avoid buying into the prior week high overhead tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish in the wake of positive earnings from Google this evening, and as the buyers try to re-test last week’s high, I’m waiting patiently for buying opportunities down at support levels, such as this "hidden channel" coming up off the lows tomorrow morning...

It’s also important to remember that price is quite “high” on the chart right now, so if we continue to see strength continuing overnight and into the pre-market, the plan will remain to keep waiting for buying opportunities using traps and seller-failures down at support levels waiting below…

Gold Day Trading Strategy

Gold is bearish with a strong move lower which ended in a short-term trading-range this evening, telling me to focus on selling-opportunities using the '2-Try Rule' and buyer-failures up above the range highs tomorrow morning...

Euro Day Trading Strategy

Euro is bullish as buyers reload and try once again to re-test the previous highs, and my plan is to look for buying opportunities using the overhead resistance trend-line as support with seller-failure patterns tomorrow morning...


If price collapses lower, that tells me the market has now turned bearish, and my plan at that point will be looking for selling-opportunities using a "hidden channel" as resistance coming down overhead…

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