Monday, September 10, 2018

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


“Take the first step in faith. You don’t have to see the whole staircase, just take the first step.”


Crude Oil is bearish and trying to re-test last week’s low, and I have my eye on selling-opportunities off the high of a channel and reversal-line resistance…

E-Mini S&P is range-bound this evening, so I’m looking to buy the low and sell the high using the '2-Try Rule'…

Nasdaq is range-bound with a triangle pattern, so I’m looking to fade the breakouts in the short-term, but keeping my eyes open for the breakout at some point tomorrow morning...

Gold is bearish with an almost flat channel, which is a big clue, telling me to focus on failures for selling-opportunities as high as possible…

Euro is bullish with a strong bullish reversal, telling me to look for buying opportunities using a hidden channel tomorrow morning...


Crude Oil Day Trading Strategy

Crude Oil is bearish with a channel, reversal-line, and ‘No Trade Zone’ on the chart this evening…

The bear channel gives the bears the momentum on their side, and tells me to look for selling-opportunities at resistance levels overhead, while…

The reversal-line at .82 will make for an excellent location to look for an entry pattern, and the target…

Let’s not forget that last Friday’s Non-Farm Payroll report gave us that big BOUNCE off the lows, but after the buyers failed to hold the pullback, the sellers have now taken back control and appear to be hunting for a re-test of last week’s low down at 66.86 and further…

It’s also important to remember that we have a large storm approaching the East Coast of the United States, and although it doesn’t appear to be in direction path of the Gulf of Mexico, any time we hear about a hurricane, we know that Crude Oil tends to act funny, so keep your eyes open until we know more…

E-Mini S&P Day Trading Strategy

E-Mini S&P is range-bound with a trading-range and a triangle on the chart this evening…

The range is the big clue at this point, with both the bulls and bears making an argument for who has control of this market…

And without anyone in clear control, my plan is to buy the low, sell the high, and avoid the middle until we get a successful 123-Breakout at some time tomorrow morning...


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound with a triangle, trading-range, and ‘pendulum swing’ on the chart this evening…

The triangle is rather obvious – lower-highs and higher-lows create a market that’s getting narrower with each candlestick…

The triangle tells me two important things – first, while the triangle is wide enough, I can buy the low and sell the high using failure patterns…

But once the triangle completes (the two lines come together) I can expect to see a breakout in one direction up or down…

So this tells me I can take advantage of this range in the short-term, but in the long-term I need to keep my eyes open for a breakout higher or lower at some point tomorrow morning...

Gold Day Trading Strategy

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

The bear channel is a big clue because it’s so flat, telling me the trend is weak, which tells me I need to focus on selling as HIGH as possible tomorrow morning... most likely using the '2-Try Rule' with buyer-failures to avoid selling too low…

And the target for the sellers is easy with the measured-move lined-up nicely with last week’s low down at 1195.0

Euro Day Trading Strategy

Euro is bullish with a strong move higher, trading-range, hidden channel, and reversal-line on the chart this evening…

This strong move higher gets the momentum on the side of the bulls, telling me to look for buying opportunities at support levels…

And whenever I see a trend reversal, I like to use hidden channels and reversal-lines as key support levels for buying opportunities…


And the target for the bulls will be the measured-move and trading-range where we finished last week…

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