Wednesday, August 15, 2018

2-Try Reversal Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“The secret to life is meaningless unless you discover it yourself.”  - W. Somerset Maugham


Crude Oil is bearish with what appears to be a Spike & Range, telling me to look for selling-opportunities up above the range using the '2-Try Rule' tomorrow morning...

E-Mini S&P is bullish and rotating back into the week’s range, and this '2-Try Reversal” is telling me to use a rising support trend-line for buying opportunities tomorrow morning...

Nasdaq is bullish and rotating back to the range from earlier this week, and I’m looking for buying opportunities at the low of a "hidden channel" tomorrow morning...

Gold is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities after a ‘2-legged pullback’ tomorrow morning...

Euro is bullish and rotating back into the trading-range from earlier this week and I have my eyes on buying opportunities around the range-expansion levels tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bearish with what appears to be a flag, maybe a range, and potentially a measured-move…

As you can see, there isn’t much certainty to this chart, which is the biggest clue going into tomorrow’s session…

We’re all human, and we need some sort of “structure” to build our trade ideas around, and as of now, all we really know is the market is bearish…

It looks like a range in my eyes… with sellers trying to re-test the lows after a trap-high around 65.40, so that’s what im running with until I know more information tomorrow morning...

Assuming the sellers can re-test the lows again, my plan will be to look for selling-opportunities using the '2-Try Rule' (buyer-failure) up above the high…

If the sellers can’t re-test the low, then I’m looking at this with a triangle, selling above the highs using the '2-Try Rule'…

If the sellers make a STRONG move lower, then I go looking to sell the high of a Spike & Channel…

And we can’t forget this move down came in the wake of some major news, which could easily lead to a '1-2-3 Reversal' tomorrow morning...

So for now – I’m waiting for more information, but soon we’ll know enough to make an educated (and hopefully profitable) decision for tomorrow’s plan…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a trading-range, '2-Try Rule', support trend-line and "hidden channel" on the chart this evening…

The trading-range reminds me to buy low using seller-failures with a target going back to the highs, and…

It’s easy to see the sellers have tried numerous times to re-test the 10:30am lows, and have failed, giving the buyers the momentum to run this price back into the range quite easily tomorrow, but…

I don’t want to chase this move higher, my goal is to buy at support, so im looking for a "hidden channel", in combination with this support trend-line for buying opportunities tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a triangle, '2-Try Rule', "hidden channel" and support trend-line on the chart this evening…

The bears started with a strong drive lower, but after three attempts failed to re-test the low the sellers are giving up and letting buyers take control with a clear momentum shift back towards the range where the week began…

I don’t want to chase this move higher, so my plan is to wait for buying opportunities using the "hidden channel" as support tomorrow morning...

Gold Day Trading Strategy

Gold is bearish with a Spike & Channel, measured-move, reversal-line, and "hidden channel" on the chart this evening…

The bears had a strong 3-legged-move lower with a Spike & Channel, barely giving sellers any opportunity to sell…

That tells me that any retracement off these lows is going to be seen as a selling-opportunity at resistance levels overhead, and…

One of the best resistance levels will be the area between the 90.5 reversal-line and the "hidden channel" trend-line coming down overhead…

Euro Day Trading Strategy

Euro is bullish with a trading-range, '2-Try Rule', and a strong bull move higher on the chart this evening…

The trading-range tells me I need to be buying down below the low with a target going back up to the highs, while…

The '2-Try Rule' tells me that sellers have tried and failed to re-test the lows, which led to profit-taking and the bullish spike we’re seeing now…


The strength for the bulls is the big clue, telling me the momentum is shifting back to the bull-side, but I don’t want to buy now (it’s too high), I want to wait for a pullback and buy off support at the low of this "hidden channel" tomorrow morning...

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