Tuesday, September 11, 2018

Perfect Storm Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro


“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great people make you feel that you, too, can become great.” 


Crude Oil is bullish with a strong run higher, and I have my eyes on buying opportunities using the low of a hidden channel tomorrow morning...

E-Mini S&P is bullish with a Spike & Range pattern, telling me to look for buying opportunities using the '2-Try Rule' with a seller-failure set-up…

Nasdaq is bullish, but a "grind-break" on the chart tells me to stay patient and wait for buying opportunities after a deep pullback…

Gold is bullish with a strong run higher, and my goal is to look for buying opportunities down around the big round number with a target up at the prior month close…

Euro is range-bound so my plan is to fade the breakouts using the '2-Try Rule' tomorrow morning...

We’re headed into a “perfect storm” over the next three days – with big news on the schedule and literally a big storm about to hit the East Coast of the United States, we have a TON of trading opportunities setting up for Wednesday’s session


Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong bull spike, hidden channel, and reversal-line on the chart this evening…

This strong move higher is a big clue, telling me there will be buyers waiting for the next ‘2-legged pullback’ to send price right back up to re-test the high…

And the best way to buy a pullback is to use a reliable support level, such as a reversal-line located at .56 or the low of this hidden channel drawn off the highs and pinned to the low…

It’s also important to remember that any time we see a market move this far in such a short period of time, the market almost needs to “catch up” with what happened, often resulting in a range-bound market the following day…

If that’s what we get, my plan is to find buying opportunities using the '2-Try Rule' with seller-failure set-ups…

E-Mini S&P Day Trading Strategy

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

The strong spike higher is a big clue, telling me that ANY pullback off the highs will be seen as a buying opportunity…

And considering the range we see to finish today’s session – that tells me I should focus on the '2-Try Rule' and buyer-failure set-ups for the most reliable buying opportunities, and what better place to look for long trades than off a key reversal-line down at 85.00 tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a bull channel, measured-move, hidden channel and reversal-line on the chart this evening…

The bull channel is a big clue because it has a "grind-break" – telling me that buyers weren’t given any real opportunity to “buy low”, which is important because…

If you look closely you can see the recent pullback actually missed that reversal-line at 86.75, confirming that buyers are most likely still waiting for their opportunity to get long on the next pullback, but the key is to stay patient because...

The measured-move is acting as resistance, so I don’t want to chase the move higher – focusing on buying low, or waiting for a successful breakout-pullback to take price thru the measured-move before buying pullbacks tomorrow morning...

Gold Day Trading Strategy

Gold is bullish with a strong bull run, bull channel, and round number on the chart this evening…

The strong bull run is the biggest clue, telling me to look for buying opportunities using a ‘2-legged pullback’ at support levels below…

And I have my eyes on a key support level, just above the 1200 round number with a target going up to the prior month close (which has been a “sticky” area over the past few weeks)…

Euro Day Trading Strategy

Euro is going sideways with a trading-range and triangle on the chart this evening…

The range is the big clue, but in all reality, the lack of any other structure is what tells us this is a range…


And any time I have a range, my plan is to fade the breakouts – buying low, selling high, avoiding the middle, and using the '2-Try Rule' with failure set-ups tomorrow morning...

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