Timing is Everything | Crude Oil, Emini, Nasdaq, Gold & Euro

“Strength does not come from winning. Your struggles develop your strengths. When you go through hardships and decide not to surrender, that is strength.”

Crude Oil is bearish and sitting at major support, so the plan is to look for buying opportunities up at resistance levels ahead of tomorrow’s weekly inventory report…

E-Mini S&P is bullish with a strong move higher to finish today’s session, telling me to look for buying opportunities using shallow pullbacks near the low of the channel…

Nasdaq is bullish, but we’re trading into major resistance, so im waiting for either a deep pullback to allow me to “buy low” – or another strong leg higher to buy the pullback…

Gold is bearish and trying to break out of the weekly range, but I don’t trust them yet, so I’m looking for a buying opportunity using a 2-Try Failure going back to the high…

Euro is bullish into a Spike & Range – telling me to look for buying opportunities below the range low using a failure pattern…

Crude Oil Day Trading Strategy

Crude Oil is bearish with a channel, potential triangle, and measured-move on the chart this evening…

The bears have control coming off the high of this channel, but what’s interesting is (a) the size of this recent candle, and (b) the way price finished right on two levels of support…

This big red candle is coming off this afternoon’s API report, and whenever I see such a large candle like that, I know there are going to be sellers who are waiting to sell into the next pullback because they didn’t want to chase it lower…

And with price sitting at the measured-move and the support trend-line, it FEELS like this market wants to go sideways into a range, instead of re-testing the low…

Knowing this – if we have sellers waiting patiently to “sell high” and this market is likely a range, then the best plan is to focus on buyer-failures using the ‘2-Try Rule’ up in the battle-zone waiting overhead, while resistance the temptation to sell into the move lower.

And don’t forget – the cutoff tomorrow morning is 10am for Crude Oil trades ahead of that news report, so keep your eyes on the clock!

E-Mini S&P Day Trading Strategy

E-Mini S&P bullish with a strong run higher, measured-move, channel and monthly high on the chart this evening…

The bulls have the control, so the plan is to buy at support levels with the right entry pattern tomorrow morning…

I have my eyes on buying the low of this channel, or just below this small range from earlier today…

It’s also important to remember this strength going into the close today – if this continues, we know this is a short-covering rally and wont likely see much of a pullback, so the plan gets more aggressive with bear-traps instead.

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a triangle/range, strong move higher, and a measured-move on the chart this evening…

The bulls have control, but the high of this range isn’t a great place to start buying, so my plan for tomorrow is to buy the low of this range using a 2-Try seller-failure pattern or wait for more proof these buyers want to run higher with another strong leg higher tomorrow morning…

Gold Day Trading Strategy

Gold is bearish with a trading-range, measured-move and resistance trend-line on the chart this evening…

The bears certainly have the momentum on their side, but I’m not interested in selling below this range – I want to BUY the low of the range…

The challenge is – the momentum is too bearish, so I’m going to give these sellers two tries to take this another leg lower, and if they can’t, then I’ll look to buy into their stops for an easy run back to the highs.

Euro Day Trading Strategy

Euro is bullish with a Spike & Range, support trend-line and measured-move on the chart this evening…

The bulls have the momentum, so my plan is to look for buying opportunities at support levels tomorrow morning…

I have my eye on the lows of this trading-range using the 2-Try seller-failure pattern to get long…