Archive
Monthly Archives: December 2018
December 14, 2018
Don’t Chase the Move (Here’s Why)
“Learn from yesterday, live for today, hope for tomorrow.” -Albert Einstein Crude Oil is bullish with a short-covering rally, so I’m looking for buying opportunities and I’m watching a reversal-line in combination with the low of a hidden channel for tomorrow morning. E-Mini S&P is bearish and rotating back to the low of […]
Continue reading December 13, 2018
The Rule of Thirds Strategy
“By recording your dreams and goals on paper, you set in motion the process of becoming the person you most want to be. Put your future in good hands — your own.” Crude Oil is bearish with a strong run lower, telling me to expect another leg, so I’m looking at a key […]
Continue reading December 12, 2018
Trading the Short-Covering Rally
“If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception; it is a prevailing attitude.” Crude Oil is bullish as it tries to rally off the range lows, and a small trading-range on the chart is telling me exactly where to […]
Continue reading December 11, 2018
My #1 Trading Rule
“Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.” Crude Oil is bearish and trading at the low of a range, but with such strong momentum I would expect another leg lower, and I’m using the high of a hidden channel to […]
Continue reading December 6, 2018
Trading the 123-Reversal Pattern
The key to trading the 123-Reversal isnt chasing the move higher/lower – no – the key is staying patient because eventually you’re going to get the pullback, followed by the failure set-up and you’ll be ready to make some easy profit on the re-test!
Continue reading December 5, 2018
Trading with Confluence
Trading with Confluence means we’re following the momentum of the market, looking entry patterns that combine multiple levels of support and resistance. The key is looking for that “cluster” of support levels in a bull market, and vice versa.
Continue reading December 4, 2018
Gap Trading Strategy
the most common rookie mistake is to try FORCING a gap-fill. It’s best to trade in the direction of the gap until the momentum shifts, and when it does (b/c it always does eventually) then we have an easy target going back to fill the gap.
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