Monday, August 13, 2018

40/60 (or) 60/40 – Can You Tell the Difference?



“In warfare, there are no constant conditions.  He who can modify his tactics in relation to his opponent will succeed and WIN.” – Sun Tzu – The Art of War.


Crude Oil is bearish with Spike & Range pattern, telling me to look for selling-opportunities using buyer-failures off the highs, but the STRENGTH of this recent move reminds me to wait for a successful '2-Try Rule' before selling back down to the lows again tomorrow morning...

E-Mini S&P is bearish and range-bound this evening, so my plan is to look for selling-opportunities up above the range highs using buyer-failures tomorrow morning...

Nasdaq range-bound with a triangle this evening, telling me to look for the most reliable trading opportunities using the “swings” around the edges of the range tomorrow morning...

Gold is bearish with a strong Spike & Channel pattern, telling me to look for selling-opportunities up at the high of that channel tomorrow morning...

Euro is bearish with a Spike & Channel that’s quickly turned sideways into a range, so the plan is simple – looking for buyer-failures above the range high to sell back down to the lows tomorrow morning...

We’re back after a short break from the action and ready for another big week of profitable trading-opportunities on this Nightly Newsletter, and as you can see, we have a lot of ranges on the charts tonight, so we’re going to be watching for '2-Try Rule' and failure patterns going into tomorrow’s session…


Crude Oil Day Trading Strategy

Crude Oil is bearish with a Spike & Range pattern, ‘pendulum swing’, "hidden channel", and strong bull run on the chart this evening…

The bear Spike & Range is the big clue, telling me to look for selling-opportunities using the '2-Try Rule' and buyer-failures up above the highs of the range, but…

The strength of this move coming off the range lows is SO STRONG that it’s hard to image trying to sell this market until the momentum shifts back in our favor, telling me to wait for the buyers to try twice (using the '2-Try Rule') and then look for selling-opportunities once we turn back down again below the moving-average tomorrow morning...

Rollover Reminder – and don’t forget, it’s that time of the month again – the 18th of the month is usually when we see Crude Oil start showing signs of rollover, so keep an eye towards the end of the week!

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a channel, trading-range, ‘pendulum swing’, and measured-move on the chart this evening…

The channel tells me the bears have the momentum on their side and I should focus on selling high at resistance levels, and…

The trading-range tells me to find those selling-opportunities up at the highs or the range while using the '2-Try Rule' and buyer-failures for selling-opportunities tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a trading-range, triangle, and measured-move on the chart this evening…

The trading-range is the big clue at this point, telling me to buy the low, sell the high, and avoid the middle tomorrow morning...

And the lower-highs and higher-lows giving me a triangle, tells me those reliable trading opportunities are most likely going to come around the “swings”, and…

Any time I see a range-bound market my plan is to use the '2-Try Rule' in combination with buyer-failures at the highs and seller-failures at the lows…

Gold Day Trading Strategy

Gold is bearish with a strong move lower, a Spike & Channel, and a "hidden channel" on the chart this evening…

The strong move lower tells me that sellers will be eager to sell into all retracements off the low tomorrow morning, while…

The Spike & Channel tells me to look for the most reliable of those selling-opportunities up at the highs, but…

If we see a strong spike higher, we have a "hidden channel" resistance trend-line coming down overhead, which combined with the '2-Try Rule', will make for an excellent location for big selling-opportunities tomorrow morning...

Euro Day Trading Strategy

Euro is bearish with a channel, trading-range, measured-move, and support trend-line on the chart this evening…

The channel tells me the bears have control, but a recent double-bottom tells me that trend has starting going sideways, which is fine, but now I need to shift my focus from selling retracements to selling with buyer-failures above the high of the range using the '2-Try Rule' instead…

But the big clue on this chart is this rising support trend-line, which warns me NOT to sell too low, shifting my focus on selling as high as possible tomorrow morning...


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