Thursday, September 13, 2018

Hidden Channel Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro


“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”  - Michael Jordan


Crude Oil is bearish with a Spike & Range, telling me to look for short opportunities using buyer-failures and the '2-Try Rule'…

E-Mini S&P is bullish with a Spike & Range, and the higher-lows I’m seeing on the chart tell me to look for a breakout-pullback using a key trend-line tomorrow morning...

Nasdaq is bullish with a Spike & Range pattern, telling me to wait for seller-failures to buy below the range low…

Gold is bearish with a Spike & Channel, so my plan is to sell into buyer-failures up above the channel highs…

Euro is bullish with a strong run higher, so I’m looking for buying opportunities at support levels, and I have my eyes on a hidden channel tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bearish with a Spike & Range pattern, measured-move, and possible Spike & Channel on the chart this evening…

The Spike & Range tells me the sellers have control and I should focus on selling at resistance levels overhead, but with the lack of new lower-lows I need to stay patient and look to sell up above the range highs…

If price pushes lower, then I start looking for the Spike & Channel, waiting for a strong move lower, and then using the channel to sell of the high…

But I need to beware – because the next measured-move is waiting just a few ticks lower, so the plan is to look for traps…

E-Mini S&P Day Trading Strategy

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

The Spike & Range tells me the bulls have the momentum at their backs and I should focus on buying at support levels, but the lack of buyers to new highs reminds me to stay patient and wait for buying opportunities down near the lows using the '2-Try Rule'…

But if the buyers can push through these highs on STRENGTH, then I can use the support trend-line to buy pullbacks on the way up to the measured-move target tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

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

The Spike & Range tells me the bulls have control, but they’re hesitating to buy the highs, giving me reason to wait for buying opportunities below the range lows instead… or wait for a successful breakout-pullback to new highs…

And if the bulls continue this run higher, I have a measured-move waiting for a big target tomorrow morning...

Gold Day Trading Strategy

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

The Spike & Channel is the most important clue – telling me the sellers have firm control, but the lack of any real pullbacks has left most of the sellers on the sidelines… and the next pullback will likely be an excellent selling-opportunity…

Assuming the bears keep this momentum going lower, the $1200 round number and measured-move will make for excellent support targets.

Euro Day Trading Strategy

Euro is bullish with a strong run higher, Spike & Range, hidden channel, reversal-line, and measured-move on the chart this evening…

The strong run higher tells me any pullback to support levels will be seen as a buying opportunity…

The lack of follow-thru to new highs tells me this is most likely going to end up going sideways as a range, telling me to buy seller-failures using the '2-Try Rule' below the range…

And the hidden channel drawn off the two highs will make for an excellent support level to use for the entry pattern…


If the buyers can push through the highs we have a measured-move waiting overhead…

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