January 18, 2018
- in Uncategorized by schooloftrade
Head-Fake Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
“Absorb what is useful, discard what is not, add what is uniquely your own.”
Crude Oil is bearish and trading at the high of a Trading-Range, telling me to look for selling-opportunities using the ‘2-Try Rule’ with a target back down to the low tomorrow morning.
E-Mini S&P is bullish, but trading at three levels of resistance isn’t a great place to start buying, so I’m looking for buying opportunities using a ‘2-legged pullback’ down into the ‘battle zone’ tomorrow morning.
Nasdaq is bullish and trading up at the high of a bull channel, telling me to stay patient for buying opportunities down near the lows tomorrow morning.
Gold is bearish with a strong move lower, and I’m looking for a Spike & Range pattern to start going sideways so I can look for a buyer-failure up above the moving-average tomorrow morning.
Euro is bearish with a strong move to finish today’s session, telling me to look for selling-opportunities and another leg lower tomorrow morning.
Crude Oil Day Trading Strategy
Crude Oil is bearish and trading at the high of a Trading-Range, and we’re just about to see these buyers try “twice” to run higher, which means sellers are on red-alert waiting for selling-opportunities with a buyer-failure in the overnight session and into tomorrow morning.
Don’t forget, tomorrow is the weekly Inventory Report, which means we need to watch the clock, and don’t force anything if the market feels “off towards the end of the session tomorrow.”
E-Mini S&P Day Trading Strategy
E-Mini S&P is bullish and trading at the high of a channel, the high of the range, and a measured-move target, all of which telling me to stay patient for buying opportunities after a ‘2-legged pullback’ tomorrow morning to make sure I’m buying as cheap as possible for the best return on my risk.
E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a measured-move and trading at the high of a bull channel, telling me to look for buying opportunities after “rotation” back down to the lows tomorrow morning.
Gold Day Trading Strategy
Gold is bearish with a strong move lower, telling us that sellers will most likely try for a second leg going lower tomorrow, the only question is, where and when.
The strength of this move is the key, telling me it’s probably NOT going to rotate all the way back up to the high, and this “spike” on the chart tells me to look for either a Spike & Channel or a Spike & Range pattern for the most important information going lower tomorrow.
Euro Day Trading Strategy
Euro is bearish and rotating back to the low of a channel, but more importantly, back down to the low of this large range we seem to trading within.
Most importantly, though, is this strong push lower, which tells us the odds are well in our favor for a pullback and a re-test of the low.
With that said, I’d like to see where we go in the next few hours as we open in asia… do we go sideways into a range? Do we keep pushing lower with a channel? Do we run back higher in the same manner that we dropped?
The answer to that question will tell me where the best trading opportunities will be in the short-term, but no matter what we get, this move is too strong to be denied and I will be looking for another leg lower.
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