Thursday, August 30, 2018

Triple Whammy Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



“Success is a state of mind. If you want success, start thinking of yourself as a success and the rest will follow.” - Joseph James


Crude Oil is range-bound, telling me to look for selling-opportunities off the high using the '2-Try Rule', and the recent bull run tells me exactly where to look for the short back down to the lows…

E-Mini S&P is bearish with a flag pattern, telling me to look for selling-opportunities using the underbelly off the recent bear channel…

Nasdaq is bullish with a trading-range, so I’m looking for buying opportunities going back to the high, but the strength of this move off today’s high is too strong to fade, so my plan is to wait for momentum to confirm this move before riding this market back up to re-test the highs…

Gold is bearish with a trading-range, and my plan is to use the ‘pendulum swing’ in combination with a hidden channel for selling-opportunities…

Euro is bearish with a weak channel this evening, telling me to wait for buyers to try and fail at the highs for the most reliable selling-opportunities tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bullish with a trading-range, strong bull run, and '2-Try Rule' in play this evening…

The trading-range tells me to buy the low, sell the high, and avoid the middle, but the recent bull run tells me I can expect one more leg higher before getting selling-opportunities going back down to the lows again, where we can then start looking for buying opportunities using the '2-Try Rule' tomorrow morning...

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a channel, resistance trend-line, round number, and measured-move on the chart this evening…

Today’s session started with a range, but after a 123-Breakout took prices lower on strength, we’re now in a bear trend with a channel looking to sell off the highs, which appears was missed by only a few ticks before today’s closing bell, and…

The support trend-line (flag) is now able to be used as resistance, so I would love to see a selling-opportunity off the high of the channel or the resistance trend-line on the way down to the measured-move target tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound with a bull bias, a ‘pendulum swing’ support level, and a strong bear run off the highs…

The trading-range has a bull bias after yesterday’s big run higher, telling me to look for buying opportunities using the '2-Try Rule' below the range low, however…

The strong bear run rotating off today’s high is far too strong for buying, so my plan for tomorrow is to wait for this momentum to swing back in favor of the buyers for a move back up to the highs – or – look for a hidden channel after a 123-breakout to the downside.


Gold Day Trading Strategy

Gold is bearish with a trading-range, hidden channel, measured-move and round number on the chart this evening…

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

You can see the range ‘pendulum swing’ giving me a resistance level which also lines-up with the hidden channel coming down overhead – stacking resistance levels in a bear trend is never bad, so…

My plan for tomorrow is to look for selling-opportunities using buyer-failures up in the battle-zone, while keeping patient and looking for bull-traps if price tries to push down to the 1200 round number tomorrow morning...

Euro Day Trading Strategy

Euro is bearish with a trading-range, hidden channel, support trend-line, and measured-move on the chart this evening…

We have two possible ranges on the chart this evening…

First we have the minor range, which is where we finished today’s session, which tells me to look for selling-opportunities using buyer-failures up above the highs, but…

We can also see a potential major range with a high up around 17200, which also lines-up with a hidden channel drawn off today’s lower-lows, so…


My plan is to look for selling-opportunities up near the highs of this channel, and since the channel isn’t very steep, I assume a buyer-failure set-up will be the most effective way to get short tomorrow morning...

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