October 29, 2018

3 Ways I Use the Moving Average | Crude Oil, Emini, Nasdaq, Gold & Euro

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Crude Oil is bearish below the weekly triangle, so plan is to look for buying opportunities after the sellers fail to get a breakout tomorrow morning…

E-Mini S&P is bullish after the sellers failed to hold the momentum going lower, but I’m sure there will be a few more sellers trying to short this market tomorrow, and my goal is to use a seller-failure pattern for buying opportunities…

Nasdaq is bullish with a short-covering rally, but I would expect to see more sellers keep trying to short this again tomorrow, so my plan is to use those sellers’ stop-losses to fuel the move going higher…

Gold is bearish and trading at the low of the range, so I’m looking to buy this market tomorrow morning… and I have my eyes on a seller-failure pattern…

Euro is range-bound with a triangle pattern, so I have my eyes on the “edges” of the range, looking for 2-Try Failure opportunities tomorrow morning…

Crude Oil Day Trading Strategy

Crude Oil bearish with a triangle/range, bearish channel, and measured-move on the chart tonight…

The bears have the momentum, but we’re trading at the low of this weekly triangle, which isn’t a great place to be selling – I’d rather be a buyer…

But the momentum is too strong to start buying – so my plan is to wait for the sellers to try twice to keep this trend going, then look to buy into their stops using the 2-Try seller-failure pattern tomorrow morning…

 

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a hidden channel, bear channel, and measured-move on the chart tonight…

Yes, today’s price-action was mostly bearish, but the way price bounced off the lows, pushing STRONG through the moving-average – the momentum is just too strong to try selling this market until we can get back moving lower again…

The challenge, however, is going to be anticipating the bears in the market who are most likely going to still try selling into this pullback…

So I’m going to watch the sellers try twice to re-test these lows, looking for ways to use a bear-trap in combination with the 2-Try Failure pattern for a short-covering rally going higher tomorrow morning…

 

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E-Mini Nasdaq Day Trading Strategy

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

The session was mostly bearish today, but this short-covering rally off the lows has too much bullish momentum to be ignored…

So rather than trying to sell into this bounce higher, my plan is to let the sellers try twice looking for a reliable buying opportunity going back to the highs tomorrow morning…

 

Gold Day Trading Strategy

Gold is bearish with a range, Spike & Channel, and measured-move on the chart tonight…

The bears have control, but we’re trading at the low of the weekly range, which is a horrible place to start selling – I want to be a buyer instead…

But the momentum is way too bearish to buy this market, so my plan is to use the 2-Try Failure pattern for buying opportunities tomorrow morning…

 

Euro Day Trading Strategy

Euro is sideways with a triangle/range, hidden channel, and measured-move on the chart this evening…

The momentum is neutral, with both the bulls and bears playing this market back and forth… so my plan is to buy the low, sell the high, and avoid the middle…

And to do that, my goal is to use support levels, such as this hidden channel for buying opportunities using the 2-Try Failure pattern tomorrow morning…

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