Thursday, July 26, 2018

Trading with “Market Objective” | Crude Oil, Emini, Nasdaq, Gold & Euro



“What we can or cannot do… what we consider possible or impossible… is rarely a function of our true capability. It is more likely a function of our beliefs about who we are.  Change your beliefs and you change your future.”


Crude Oil is bullish with a Spike & Range pattern, and with price trading around the high of the range I need to stay patient for the most reliable buying opportunities down near the low tomorrow morning...

E-Mini S&P is bullish with a Spike & Triangle pattern, telling me to look for buying opportunities using seller-failure patterns at the lows tomorrow morning...

Nasdaq is bearish with a Spike & Range pattern, telling me to look for selling-opportunities using the '2-Try Rule' up above the highs tomorrow morning...

Gold is bearish with a strong move lower this afternoon, almost TOO strong, which leads me waiting patiently for reliable selling-opportunities up at overhead resistance levels, such as a "hidden channel" tomorrow morning...

Euro is bearish and just completed the ‘pendulum swing’ off the range highs, so I’m waiting for confirmation to start selling, while looking for momentum to shift higher to start buying pullbacks tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bullish with a Spike & Range pattern this evening, telling me to focus on buying opportunities at support levels, and with this being a range, the best support levels to use will be back near the lows of the range tomorrow morning...

I’m also watching this resistance trend-line coming down overhead, knowing that this trend-line is going to be an easy way to buy at support if I can use it with a breakout-pullback pattern tomorrow morning...

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Range pattern, in this case it’s a triangle…

The market’s bullish, so my plan is to buy at support, and the best support levels in this triangle scenario will be the edges of the triangle – so I’m staying patient to wait for the sellers to try and break down so I can buy into their stops using seller-failures and the '2-Try Rule' tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a Spike & Range this evening and you combine this with a much larger range it looks like this market wants to take your money tomorrow morning if you’re not paying attention…

First, the market’s bearish with a big gap down last night into a range, and the momentum hasn’t changed since – with wise traders fading all the bullish runs higher with a target back at the lows…

But the big opportunity is likely coming tomorrow with the potential for selling-opportunities up around the highs of this larger range – and im also watching this "hidden channel" coming down from overhead…

Whatever you do - don’t fall for the bear breakout trap!  If we try to run lower, we’re trying to break below TWO ranges, so the best way to trade it is to use the '2-Try Rule' and look for buying opportunities going back up into the range!

Gold Day Trading Strategy

Gold is bearish and trading at the measured-move objective after a strong move lower this afternoon…

The market is bearish, so my plan is to look for selling-opportunities using overhead resistance levels, and I can see a reversal-line at 25.1, the low of a trading-range, and the high of this "hidden channel" to be used tomorrow morning...

Euro Day Trading Strategy

Euro is bearish and just completed rotation back down to the low of the range as well as the complete ‘pendulum swing’ from earlier in today’s session…

The bears have control with strong momentum moving lower, but the combination of this "hidden channel", the measured-move, ‘pendulum swing’ and range-expansion levels all coming together at the same location makes me weary of selling down here…


So my plan for selling is to wait for more confirmation on strength going lower, while waiting for momentum to shift back higher again before I can use a "hidden channel" to start buying pullbacks tomorrow morning...

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