October 25, 2018

Pullbacks vs. Traps – Which is Better?

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“Go down swinging. And I’ll tell you: If you fight with all you have, more often than not, you won’t go down at all. You will win.”

Crude Oil is bullish with a Spike & Range pattern – telling me to use the range-expansion levels for 2-Try Failure buying opportunities tomorrow morning…

E-Mini S&P is bearish with what will most likely become a Spike & Channel – and when it does – the plan is to find selling-opportunities using bull-traps up above prior swings…

Nasdaq is bearish with a strong spike lower, so I’m staying patient for selling-opportunities up at the high of a hidden channel tomorrow morning…

Gold is bullish coming off the low of the range, and my goal is to find buying opportunities using bear-traps before we finish the move back to re-test the high…

Euro is bearish, but with price testing the outer-limits of the range, I’m looking for buying opportunities using a 2-Try seller-failure pattern tomorrow morning…

Crude Oil Day Trading Strategy

Crude Oil is bullish with a Spike & Range, Spike & Channel, triangle and measured-move on the chart tonight…

The bulls have the momentum, so the plan is to buy support levels with the proper entry patterns tomorrow morning…

Looking for support, the most important clues are this Spike & Channel and Spike & Range, both of which tell me to find buying opportunities using the 2-Try seller-failure pattern…

But the larger triangle could also be in play tomorrow morning – telling me to look for buying opportunities using a WIDE 2-Try Failure down at the lows…

 

E-Mini S&P Day Trading Strategy

E-Mini S&P bearish with a strong spike lower, a hidden channel, possible Spike & Channel, and measured-move on the chart this evening…

The bears have the momentum, telling me to look for selling-opportunities at resistance levels tomorrow morning…

I have my eye on the prior swings and the high of this hidden channel to sell – while keeping my eyes open for a possible Spike & Channel for selling-opportunities using bull-traps…

 

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a strong spike lower, hidden channel and measured-move on the chart tonight…

The strong spike lower tells me that sellers have control, but I need to wait for a retracement off these lows to find the most reliable selling-opportunities up at resistance levels – and I have my eye on the top of this hidden channel…

 

Gold Day Trading Strategy

Gold is bullish with a trading-range, triangle, and measured-move on the chart this evening…

The bulls have the short-term edge coming off the low of this range, but in the big picture we can see the overall momentum is neutral, so the plan is to buy the low, and sell the high using the 2-Try Failure patterns tomorrow morning…

 

Euro Day Trading Strategy

Euro is bearish with a trading-range, channel, and measured-move on the chart this evening…

The bears have the momentum, so the goal is to find selling-opportunities at resistance levels, but with this trading-range, and more importantly, the way price stalled-out at the 14000 range-expansion support level, I think this range is the most important clue, and with price below the range, we’re likely going back up in the range…

But the momentum is bearish – and trying to BUY isn’t going to be easy, so my plan is to look for a bear-trap in combination with the 2-Try Failure pattern going higher tomorrow morning…

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