Grind Break Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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“Fear is normal. Every person feels fear at some point. What should you do? Step. Step. Take the step. Step aggressively toward your fear—that is the step into bravery.”
Crude Oil is bullish, but we haven’t successfully broken OUT of this weekly range, so the plan is STILL to fade these breakouts, and now I have my eye on selling the breakout-pullback below a key support trend-line tomorrow morning…
E-Mini S&P bullish with a “grind-break” on the chart tonight, telling me to look for a “trap low” opportunity to run this market back up to the highs…
Nasdaq is bullish with a strong run higher, so I’m waiting for a likely flag pattern for a breakout-pullback entry back to re-test the highs tomorrow morning…
Gold is bullish with a trading-range, so I’m looking for entry patterns to buy below the range low – and I’m watching this falling resistance trend-line to be used as key support with the 2-Try Failure pattern…
Euro is bullish with a trading-range, so my plan is to look for buying opportunities below the range, with a close watch on the ‘pendulum swing’ support level tomorrow morning…
Crude Oil Day Trading Strategy
Crude Oil is bullish with a trading-range and bull channel on the chart this evening…
Yes, the bulls have the short-term momentum, but make no mistake, we never saw enough STRENGTH from the bulls to qualify this as a range breakout today, so the bottom can easily fall out of this market at any momentum tomorrow morning…
My preference would be looking for selling-opportunities using the underbelly off this bull channel, call it a breakout-pullback using the channel low…
But at the same time, with tomorrow’s weekly inventory report we could easily see a sharp run higher, which will easily be enough to confirm the breakout…
And if we get the breakout, then I’m going to use a hidden channel to look for buying opportunities using bear-traps at the lows…
And one more thing – it’s almost that time of the month again – Crude Oil rolls forward around the 18th of every month, so we’re watching volume to see when the next front-month (12-18) will be the active contract…
E-Mini S&P Day Trading Strategy
E-Mini S&P is bullish with a channel, hidden channel, and “grind-break” on the chart this evening…
The bulls have the momentum, and with such a strong run higher it’s hard to imagine a pullback to support that WONT be seen as a buying opportunity tomorrow morning…
Knowing this, im looking for a pullback, and the “grind-break” down at 2800 is a BIG CLUE for where that pullback will most likely be looking for a re-test of the high…
It’s also important to remember what happened last week when the market crashed… it went sideways the following day…
In fact, markets that move this far, this quickly often turn sideways into a range or they pull back slowly with a flag pattern (sluggish bear channel)…
If we get the range, the plan will be to use the 2-Try Failure pattern to buy seller-failures below the range lows…
But if we see the flag, then we need to focus on the breakout-pullback pattern using the channel high – only time will tell!
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E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a strong run higher, bull channel, and hidden channel on the chart this evening…
The strong run higher tells me the bulls not only have the momentum, but any pullback will likely be seen as a quality buying opportunity for the bulls…
The challenge at this point is waiting for the pullback, and usually when we see price-action move this far in such a short period of time, the following day either turns into a range or a flag pattern…
If it turns sideways into a range, the plan is to use the ‘2-Try Rule’ to buy below the lows…
But if we pull back with a flag pattern (bear channel) then the plan changes to buying the breakout-pullback above the channel high…
Gold Day Trading Strategy
Gold is bullish with a trading-range, hidden channel, measured-move, and resistance trend-line on the chart this evening…
The bulls have the momentum into the trading-range, telling me to look for buying opportunities at support levels below the range tomorrow morning…
I can see support levels using the hidden channel, range-expansion and measured-move…
But something I’m watching closely is this falling resistance trend-line, which can be used as SUPPORT on the opposite side with the 2-Try Failure pattern…
Euro Day Trading Strategy
Euro is bullish with a trading-range, ‘pendulum swing’, and measured-move on the chart this evening…
The bulls have the momentum going into the trading-range, so the plan is to look for buying opportunities below the range at key support levels tomorrow morning…
And I have my eyes on the ‘pendulum swing’, range-expansion, and measured-move support levels to combine with entry patterns tomorrow morning…
