Wednesday, July 25, 2018

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



“Get excited for this opportunity!  The higher your energy level, the more efficient your body the more efficient your body, the better you feel and the more you will use your talent to produce outstanding results.”


Crude Oil is bullish but trading at the high of a megaphone pattern this evening, telling me to wait for proof of a successful breakout or wait for selling-opportunities on the way back down to lows tomorrow morning...

E-Mini S&P is bullish and trying to finish the measured-move target, and I have my eyes on a key reversal-line for buying opportunities tomorrow morning...

Nasdaq is bullish with a strong spike higher, but a recent collapse off the high tells me to wait for the second try failure before buying this pullback tomorrow morning...

Gold is bullish with a measured-move target waiting overhead, but a resistance trend-line is standing in the way, so my plan is to use this trend-line as support for buying opportunities tomorrow morning...

Euro is range-bound, telling me to fade the breakouts using the '2-Try Rule' at the highs and lows tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong run higher to finish today’s session, but we’re trading at the high of a megaphone pattern, which isn’t a great place to start buying, so my plan for tomorrow is to either wait for a Spike & Channel pattern going higher, or look for selling-opportunities after a '1-2-3 Reversal'…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish and just inches from the measured-move target as price pulls back to the low of this "hidden channel" – the only problem is – the resistance trend-line coming down off this ‘2-legged pullback’ tells me to wait for buying opportunities using the trend-line as support on the opposite side tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a strong parabolic move higher this afternoon which finished with an equally-impressive collapse off the high…

It’s too early to call this a bear market, but this move lower is strong enough to get our attention, so my plan is to use the '2-Try Rule' and wait for the sellers to try once more before looking for buying opportunities going back to the high tomorrow morning...

Gold Day Trading Strategy

Gold is bullish and trying to re-test Monday’s high, but this falling resistance trend-line is standing in my way, which tells me to look for buying opportunities using this trend-line as support on the opposite side, or wait for price to pull back off this resistance and look for buying opportunities using the '2-Try Rule' with a seller-failure at the lows tomorrow morning...

Euro Day Trading Strategy

Euro is range-bound and trading up above the high with a strong first attempt to break out of this range…


The range is the big clue – telling me to fade the breakouts using the '2-Try Rule', and with this being the first try for the buyers, my plan is to wait for the second try and then sell into the stops of the sellers with a target down at the low of the range where I’m then looking for buying opportunities using the same '2-Try Rule' tomorrow morning...

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