Monday, August 20, 2018

Profit vs. Probability Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“You gain strength, courage and confidence by every experience in which you stop to look fear in the face.”  - Eleanor Roosevelt


Crude Oil is range-bound and trading sideways, so my plan is to fade the breakouts using the '2-Try Rule' with failure patterns tomorrow morning...

E-Mini S&P is bullish with a Spike & Channel pattern, telling me to look for buying opportunities using a seller-failure pattern down near the lows of the channel tomorrow morning...

Nasdaq is range-bound with a triangle pattern, telling me to fade the breakouts, buying low and selling high tomorrow morning...

Gold is bullish with a Spike & Channel pattern, so I’m waiting for reliable buying opportunities down at the low of the channel tomorrow morning...

Euro is bullish with a strong run higher today, telling me to look for buying opportunities after a ‘2-legged pullback’ down to the low of the channel tomorrow morning...

Crude Oil Day Trading Strategy

Crude Oil is range-bound and trading sideways this evening…

The trading-range could also be called a triangle with its lower-highs and higher-lows, but no matter what you call it, we’re balanced and trading sideways…

The range tells me to fade the breakouts tomorrow morning... selling high, buying low, avoiding the middle, and using the '2-Try Rule' with failure patterns until we finally see a successful 123-breakout!

(don’t forget, we had contract rollover last Friday, so make sure you’re on the correct front-month, which is the 10-18 contract)

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Channel, reversal-line, and measured-move on the chart this evening…

The Spike & Channel tells me the bulls have control, and look for buying opportunities using seller-failure patterns down at the low of the channel, along with the swings BELOW the channel low, and…

One of the best support levels for buying opportunities will be this reversal-line at 48.25, which is just below the channel lows, and don’t forget…

The profit target for the bulls will use channel rotation along with the measured-move which is lined-up right at last week’s high around 2864.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound with a triangle and two possible measured-moves on the chart this evening…

The triangle is the big clue, telling me to fade the breakouts at the highs and lows of the range, using failure patterns in combination with the '2-Try Rule' to sell the high, buy the low, and avoid the middle tomorrow morning...

Gold Day Trading Strategy

Gold is bullish with a Spike & Channel, round number, and measured-move on the chart this evening…

The Spike & Channel is the big clue – telling me the momentum is on the side of the buyers, and to be looking for buying opportunities at the low of the channel, as well as the swings below the channel lows, and…

My profit target for the bulls is going to be channel rotation, that $1200 round number, and of course a runner up to the measured-move tomorrow morning...

Euro Day Trading Strategy

Euro is bullish with a strong bull run, bull channel, measured-move, and ‘pendulum swing’ on the chart this evening…

The strong bull run tells me to wait patiently for a ‘2-legged pullback’ and a re-test of the high tomorrow morning, and…

The bull channel gives me an excellent location to look for the most reliable buying opportunities, while…

My target the for the bulls will be this combination of the measured-move and the ‘pendulum swing’ coming off today’s lows…


Now don’t forget, whenever we see a strong move such as this, the following day is often a sideways range, so keep an eye on double-tops and when I see the double-tops then I know to look for a seller-failure for buying opportunities below the low of the range tomorrow morning...

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