Tuesday, July 10, 2018

Spike & Channel Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“If you want to be successful, find someone who has already achieved the results you want; copy their behavior, use the same tools, techniques, and you will achieve similar results as well.”


Crude Oil is bearish and trying to go back into yesterday’s range, and I have my eyes on a key Spike & Channel ‘battle zone’ for selling-opportunities tomorrow morning...

E-Mini S&P is bullish and trading at the low of a Spike & Range pattern, but a recent bear-spike off the prior month high is telling me to stay patient and wait for the '2-Try Rule' before looking for buys (or sells) tomorrow morning...

Nasdaq is bearish and headed back to last week’s close, and my plan is to use a new bear channel for selling-opportunities off the highs tomorrow morning...

Gold is bullish as price rotates back into the range from yesterday, and I have my eyes on a Spike & Channel for reliable buying opportunities tomorrow morning...

Euro is bullish after a successful '1-2-3 Reversal', and I’m waiting for buying opportunities using "hidden channel" support tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bearish and trying to collapse back into the weekly trading-range, and the short-term Spike & Channel pattern is telling me to look for selling-opportunities up in the ‘battle zone’ this evening…

The only variable at this point is this strong push higher, which is coming off this afternoons API Inventory Report, which showed another large “draw” in oil inventories, causing the market to spike…

I’m looking for a buyer-failure to sell If the buyers fail to hold this pullback…

But if the bulls can hold, I’m going to look for a new channel and focus on a move back up to re-test he highs tomorrow morning...

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Range pattern, but it’s easy to see this recent spike lower is quickly giving the bears an opportunity for a '1-2-3 Reversal' back down to the prior week close…

I want to buy this market with a re-test of the high, but the strength of this move lower tells me the sellers are going to get one more opportunity to sell it again, and I need to stay patient and see how it goes…

If the sellers fail to take control of this market, im looking for a seller-failure into a bull pullback for the most reliable entry going back to the highs, however…

If the sellers complete the '1-2-3 Reversal' then I start looking for selling-opportunities using a "hidden channel" with a target down at the prior week close tomorrow morning...   


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish after the buyers tried and failed twice to re-test the overnight highs this morning…

This '1-2-3 Reversal' tells me the sellers have control, but the low of this channel and the measured-move support level aren’t very good places to start selling, so I’m going to wait for more reliable selling-opportunities up at the high of the channel tomorrow morning...

Gold Day Trading Strategy

Gold is bullish and headed back into the weekly trading-range this evening, and this strong move higher, combined with the two higher-highs tells me this is most likely a Spike & Channel pattern… so my goal is to look for buying opportunities down at the low of this channel tomorrow morning...

Euro Day Trading Strategy


Euro is bullish with a 1-2-3 reversal, telling me there is potential for a large short-covering-rally going back up to Monday’s high, and my plan is to look for buying opportunities at the “hidden” support levels waiting below…

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