Tuesday, August 28, 2018

GAP Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Life is 10% what happens to us and 90% how we react to it.”  - Dennis P. Kimbro


Crude Oil is range-bound this evening, so my plan is to fade the breakouts using failure patterns tomorrow morning...

E-Mini S&P is bearish with a triangle this evening, telling me to look for selling-opportunities using the '2-Try Rule' around the EDGES of the range tomorrow morning...

Nasdaq is bullish with a range this evening, telling me to look for buying opportunities using seller-failures and the '2-Try Rule' tomorrow morning...

Gold is bearish with a strong spike lower, telling me to look for selling-opportunities using a buyer-failure pattern just above the moving-average tomorrow morning...

Euro is bullish with a Spike & Channel pattern, telling me to look for buying opportunities at a key support trend-line for a target going back to re-test the high tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is trading sideways inside a range this evening…

The overall trend is bullish, telling me to look for buying opportunities using seller-failures and the '2-Try Rule', and my focus is to fade the edges of the range, avoiding the middle, while using the swings above the highs and below the lows for the most reliable trading opportunities tomorrow morning...

And don’t forget – time is of the essence on Wednesday – with Crude Oil inventories scheduled for 10:30am EST we have to keep our eyes on the time!

E-Mini S&P Day Trading Strategy

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

The trading-range has a bear bias, telling me to look for selling-opportunities using buyer-failures and the '2-Try Rule', while…

The triangle reminds me to focus on the SWINGS above and below the range for the most useful levels of support and resistance, and…

If I can get into the market above the highs of the range, the targets will be back to the range low and the measured-move waiting below…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a trading-range, reversal-line, and gap on the chart this evening…

The trading-range is bullish, telling me to look for buying opportunities using seller-failures with the '2-Try Rule', while…

The reversal-line down at 7540.50 makes for an excellent support area to look for those buying opportunities tomorrow morning...

Gold Day Trading Strategy

Gold is bearish with a strong spike lower, bear channel, hidden channel, and reversal-line on the chart this evening…

The strong spike lower tells me to wait for a ‘2-legged pullback’ and sell back down to re-test the low, while…

The two channels give me resistance levels I can use for the most reliable selling-opportunities down to complete the measured-move target tomorrow morning...  

Euro Day Trading Strategy

Euro is bullish with a Spike & Channel, trading-range, support trend-line and resistance trend-line on the chart this evening…

The Spike & Channel tells me to look for buying opportunities after a DEEP pullback off the highs…

The short-term trading-range tells me to look for buying opportunities below the lows using the '2-Try Rule'…


The resistance trend-line is the only thing standing in my way – telling me to wait for buying opportunities once we get ABOVE that trend-line to use it as support instead of resistance tomorrow morning...  

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