Monday, August 27, 2018

Trading with “Spikes” | Crude Oil, Emini, Nasdaq, Gold & Euro



“Pressure either makes diamonds or dust…which one are you going to be?” – Joseph James


Crude Oil is bullish with a Spike & Range pattern, so my goal is to get long below the range low using the '2-Try Rule' tomorrow morning...

E-Mini S&P is bullish with a Spike & Channel pattern, telling me to look for buying opportunities using a deep pullback into the ‘battle zone’ tomorrow morning...

Nasdaq is bullish with a Spike & Range pattern, telling me to look for buying opportunities using a successful breakout-pullback to new highs or a seller-failure with the '2-Try Rule' below the lows tomorrow morning...

Gold is bullish with a possible short-term trading-range, so I’m waiting to buy the low using a seller-failure or a successful breakout-pullback to new highs tomorrow morning...

Euro is bullish with a strong spike higher, so I’m looking for buying opportunities after a ‘2-legged pullback’ tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong spike higher, a short-term Spike & Range, and a rising support trend-line on the chart this evening…

The strong spike higher from last Friday is a firm reminder that buyers are going to be hunting for a re-test of that high at 69.31, however…

This short-term trading-range (in combination with the support trend-line) tells me the most reliable buying opportunities will be using seller-failures below the range low or a successful breakout-pullback to new highs tomorrow morning...

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Channel pattern on the chart this evening…

The strong spike higher confirms the buyers have all the momentum right now, and the channel reminds me the most reliable (and profitable) buying opportunities will come off the LOW and even BELOW the low of the channel tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

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

The Spike & Range tells me the bulls have control, and the best options will be buying below the range using the '2-Try Rule' and a seller-failure, or… buying the successful breakout-pullback on strength, while…

The measured-move and 7600 round number are both looking good for targets to the upside tomorrow morning...

Gold Day Trading Strategy

Gold is bullish with a possible channel, trading-range, '2-Try Rule', and reversal-line on the chart this evening…

The bulls have control, but nothing has been solidified on the chart yet…

I can see the bulls are holding above last Friday’s high, the sellers tried twice to push back to the lows, and we appear to be holding this "hidden channel" low…

So im waiting to see where we go next…

If we get another strong push higher – my plan is to buy the pullback with the high of the channel as my target, but…

If we can’t push higher – I assume this is a short-term trading-range, and my plan will be to buy a seller-failure below the range low…

Euro Day Trading Strategy

Euro is bullish with a strong bull spike, pendulum swing, reversal-line, and support trend-line on the chart this evening…

The strong bull spike tells me the momentum is on the side of the bulls, and that I can expect a ‘2-legged pullback’ to support levels before a re-test of the high…
So I need to be looking for solid levels of support…

I can see the rising support trend-line along with the 16715 reversal-line to use for my support levels, and…


The target will be the ‘pendulum swing’ coming after today’s dip and rotation higher…

===========================================================
Learn the Strategy & Join the Trade Room; Click here to register for the Free Trial

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.