Thursday, July 19, 2018

Hidden Range Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“It is not what we get. But who we become, what we contribute... that gives meaning to our lives.”


Crude Oil is range-bound with bull-bias this evening, telling me to fade the breakouts using the '2-Try Rule' for reliable trading opportunities Friday morning…

E-Mini S&P is bearish and range-bound this evening, telling me to look for reliable selling-opportunities up above the range highs tomorrow morning...

Nasdaq is bearish with a wide, flat channel this evening, telling me to look for selling-opportunities using a “hidden” resistance trend-line tomorrow morning...  

Gold is range-bound with a bull bias tonight, telling me to look for buying opportunities using the '2-Try Rule' down below range lows tomorrow morning...

Euro is range-bound with a WIDE range this evening, telling me to fade the breakouts tomorrow morning...

We’re seeing a bunch of “hidden ranges” going into this Summer-Friday Trading Session, which means we’re looking to fade those breakouts tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bullish but range-bound this evening, telling me to look for buying opportunities using the '2-Try Rule' below the range lows tomorrow morning...

If price tries to run higher – I can buy if I see enough strength to new highs, but in reality I would be wise to fade the breakouts going higher with a target going back into the range tomorrow morning...

E-Mini S&P Day Trading Strategy

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

I also need to avoid chasing this move lower – a re-test of the low can easily become a buying opportunity with seller-failures down in the ‘battle zone’ tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a wide, almost flat channel, which should be traded like a range…

The big clue is the hidden resistance trend-line coming down overhead, but be careful trying to sell it until you see the buyers try twice because the size of the channel will allow the buyers to get too much momentum as they push higher…

Gold Day Trading Strategy

Gold is bullish with a range this evening, telling me to look for buying opportunities using seller-failures down below the lows and beware trying to buy the break higher, waiting for clear PROOF of a strong breakout to new highs before buying the ‘2-legged pullback’ tomorrow morning...

Euro Day Trading Strategy

Euro is range-bound heading into Friday’s session, telling me to buy the low and the sell the high using the '2-Try Rule' tomorrow morning...

The biggest clue on this chart is the SIZE of the range – reminding me that the larger the range, the larger the '2-Try Rule' I need to wait for…

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