Tuesday, August 7, 2018

80/20 Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“The meeting of preparation with opportunity generates the offspring we call luck.”


Crude Oil is bullish with a Spike & Range pattern tonight, telling me to focus on buying opportunities using seller-failure down at support levels tomorrow morning...

E-Mini S&P is bullish with an overshoot of the major bull channel, telling me to wait for an overshoot in the opposite direction before looking for more buying opportunities tomorrow morning...

Nasdaq is bullish with a Spike & Range pattern, telling me to look for buying opportunities below the range lows using the '2-Try Rule' tomorrow morning...

Gold is bearish with a triangle pattern, telling me to focus on buyer-failures to sell off the highs of the range tomorrow morning...  

Euro is bullish with a flag pattern, telling me to look for buying opportunities using the breakout-pullback and the high of the flag tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bullish with a Spike & Range, Spike & Channel, "hidden channel" and measured-move on the chart this evening…

Now I know what you’re thinking – who is this bozo with all these trend-lines everywhere, what are you new?  Is this your first chart? Haha 😊

I agree, there’s a lot on this chart tonight, but there’s a reason for my levels…

First, the Spike & Range is the most important clue because it tells me to focus on buying low at support levels BELOW the range low, and to find support levels…

I can use the large Spike & Channel, as well as the "hidden channel" coming off the highs, which both line-up nicely with this bearish measured-move…

The bottom line – the market is bullish, but it’s trading sideways with a range, so my plan is to wait for the pullback and use support levels to buy into seller-failures for a run back up to the highs tomorrow morning...

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a channel overshoot, Spike & Range, and key reversal-line on the chart this evening…

The channel overshoot tells me this market is way over-bought at this point and is in dire need of a pullback to attract fresh buyers into this market, and…

The Spike & Range may be the sign of exhaustion starting to settle-in – telling me to focus on buying opportunities using seller-failures down below the range low where the reversal-line at 53.50 intersects with the low of the major bull channel, which is a perfect place for buyers to re-enter the market tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a Spike & Range, support trend-line, and reversal-line on the chart this evening…

The Spike & Range has a bull-bias, telling me to look for buying opportunities using the '2-Try Rule' and seller-failures below the range low, and I have a key reversal-line at 48.25, combined with a rising support trend-line all coming together in the same location for support…

If we don’t get the pullback, the Spike & Range also tells me to wait for a successful breakout-pullback to new highs with a measured-move target tomorrow morning...

Gold Day Trading Strategy

Gold is bearish with a triangle/range on the chart this evening…

The overall trend is bearish, but with lower-highs and higher-lows on the chart I know we’re trading inside a range, which tells me…

I want to focus on following the momentum of the market, selling up above the high of this range using buyer-failures with the '2-Try Rule' tomorrow morning...

Euro Day Trading Strategy

Euro is bullish with a strong bull run, a flag pattern, and a measured-move on the chart this evening…

The strong bull run tells me the bulls are almost guaranteed to re-test the high, and possibly make a run to the next target which is the measured-move…

The flag pattern is the big clue, telling me to buy the breakout-pullback using the high of the channel or look for buying opportunities using seller-failures down at channel lows tomorrow morning...
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