Wednesday, August 29, 2018

Range Expansion Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“But he'd learned long ago that a life lived without risks pretty much wasn't worth living. Life rewarded courage, even when that first step was taken neck-deep in fear.” 


Crude Oil is bullish with a strong run higher, telling me to look for buying opportunities using a ‘2-legged pullback’, and I have my eye on a key reversal-line down at .35 tomorrow morning...

E-Mini S&P is bullish with Spike & Range pattern, telling me to look for buying opportunities below the range, and I have a key support trend-line I’m looking to include in the buying opportunities tomorrow morning...

Nasdaq is bullish with a strong Spike & Channel pattern, telling me to look for buying opportunities using bear-traps tomorrow morning...

Gold is bullish with a weak bull channel, telling me to focus on failures for buying opportunities at the low of the channel, while keeping my eyes open for a hidden channel opportunity tomorrow morning...

Euro is bullish with a Spike & Range pattern, telling me to look for buying opportunities using the range expansion support levels tomorrow morning...

With some nice strong moves to finish today’s session, we’re looking great for another round of trading opportunities tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong run higher, Spike & Channel, possible trading-range, and measured-move on the chart this evening…

The strong run higher tells me that buyers will be eagerly waiting to buy the next pullback, which would ideally be down around the low of this Spike & Channel, in combination with the reversal-line at 69.35, while…

No matter where we get the pullback, we know the target is up at the measured-move and the re-test of the 69.90 monthly highs tomorrow morning...

E-Mini S&P Day Trading Strategy

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

The Spike & Range tells me to avoid buying these highs until we see a successful breakout-pullback, or look for buying opportunities using the '2-Try Rule' below the range, while…

The hidden channel, combined with the 09.50 reversal-line will both provide key support levels if we can get the deep pullback off the highs, and…

No matter what happens, the bull target is up at the measured-move, which at this momentum is projected up around 22.00.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a strong bull run, Spike & Channel, hidden channel, and reversal-line on the chart this evening…

The strong bull run always tells me to look for buying opportunities using a ‘2-legged pullback’ to major support levels with a target going back up to re-test the high…

The short-term Spike & Channel pattern tells me to look for a deep pullback and enter with bear-traps and seller-failures, while…

The hidden channel coming off the lows will be key support if we finally get the deep pullback we’ve all been waiting for this week…

Gold Day Trading Strategy

Gold is bullish (barely) with a '2-Try Rule', bull channel, and possible hidden channel on the chart this evening…

The sellers clearly tried twice to re-test yesterday’s low, and usually when that happens we see a strong short-covering-rally going higher, which as you can see, didn’t happen… that’s why I say we’re BARELY bullish…

You can see by the slope of this channel that the bulls aren’t very strong yet, so I need to focus on buying as LOW as possible, which means I’m going to most likely need to use a seller-failure pattern below the moving-average tomorrow morning, but…

I’m also watching for a potential hidden channel going higher – which will begin with a strong spike higher, and I will draw my channel from there, with a target going all the way back up to the 1220.7 higher from yesterday morning.

Euro Day Trading Strategy

Euro is bullish with a Spike & Range, hidden channel, measured-move, and ‘battle zone’ on the chart this evening…

The Spike & Range tells me to look for buying opportunities using seller-failures below the range, or the breakout-pullback pattern above the highs…

The "hidden channel" provides support if we get a pullback and a larger target if we can get this market running higher, and…


I have two measured-moves on the chart, one for the short-term, and if things really get interesting, a longer-term target up around the round number at 18000.

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