October 22, 2018

Capitalize on the Crowds | Crude Oil, Emini, Nasdaq, Gold & Euro

Join the FREE Trading Course Click Here to Download Today’s Charts

 

 

“Everyone wants some magic pill—some life hack—that eliminates the need to do the work. But that does not exist.”

Crude Oil is bullish, but we’re running into the high of last week’s range, so I want to stay away from buying breakouts and focus on “traps” tomorrow morning…

E-Mini S&P is bearish with a triangle, so my plan is to look for selling-opportunities using buyer-failures up above the range tomorrow morning…

Nasdaq is bullish within a range this evening, so my plan is to buy the lows, and I’m watching a measured-move for the entry location…

Gold is range-bound with a triangle, and with price trying to break out to new lows, I’m looking for buying opportunities using the 2-Try Seller-Failure pattern…

Euro is bearish with a strong spike lower, telling me to look for selling-opportunities off the high of a hidden channel tomorrow morning…

Crude Oil Day Trading Strategy

Crude Oil is bullish with a wide trading-range, resistance trend-line, measured-move, and Spike & Channel on the chart this evening…

Crude Oil is clearly range-bound in the big picture, but the short-term momentum is bullish as price rotates off the lows, telling me I should be able to get at least one more buying opportunity before we finish the ‘pendulum swing’ and the measured-move tomorrow morning…

Knowing this, I need to avoid buying into this falling resistance near the range high, staying patient for price to pull back into my battle-zone for “traps” and “seller-failures” for a move going back up to the highs…

 

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a triangle and measured-move on the chart this evening…

The triangle tells me to buy the low and sell the high using the 2-Try Failure pattern, and with the momentum leaning to the sell-side, my focus will be selling up near the highs using the buyer-failure pattern tomorrow morning…

 

Learn the Strategy – Join the Free Trading Course

 

E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a triangle, measured-move, and Spike & Channel on the chart this evening…

The overall chart is range-bound and sideways, but with this recent “overshoot” of the lows, resulting in this ‘pendulum swing’ back higher again, the buyers have the momentum and I want to trade with them until they complete this measured-move tomorrow morning…

Knowing this, I’m looking for support levels to combine with my entry patterns, and I have the Spike & Channel (which tells me to look for a deep pullback) combined with the measured-move telling me exactly where to look…

Gold Day Trading Strategy

Gold is sideways with a triangle on the chart this evening…

Gold has been sloppy and range-bound in the month of October, which for some traders can be a nightmare, but for anyone who watches this newsletter, you know that ranges are quite simple, assuming you have the correct strategy and mindset…

The range is the big clue – telling me to fade the breakouts at the highs and lows using the 2-Try Failure pattern tomorrow morning…

The hardest part of trading a range-bound market is avoiding the middle – which is why I said that “mindset” is crucial for trading with ranges, so stick to the edges, buying low and selling high.

 

Euro Day Trading Strategy

Euro is bearish with a strong bear spike, hidden channel, and measured-move on the chart this evening…

The momentum is bearish, so the plan is to sell at resistance levels overhead, and with such a strong run lower, it’s easy to think the next retracement to resistance is most likely going to be sold…

Knowing this, I’m on the hunt for reliable resistance levels, and I have my eye on this hidden channel, in combination with the prior swing-highs for the most reliable selling-opportunities tomorrow morning…

    schooloftrade

    Click Here to Leave a Comment Below

    Leave a Reply: