October 23, 2018

Trading the EASY Way | Crude Oil, Emini, Nasdaq, Gold & Euro

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“Get up. Dust off. Reload. Re-calibrate. Re-engage – And go out on the attack. ”

Crude Oil is bearish with a Spike & Range – so the plan for tomorrow is to fade the bullish breakouts going back into the range…

E-Mini S&P is bullish and running back into the range, and my plan is to look for buying opportunities at a key measured-pullback support level…

Nasdaq is bullish with a ‘pendulum swing’ coming off the low of the Spike & Channel, and I have my eye on buying the low of a hidden channel…

Gold is bearish – and with the buyers trying twice to buy the most recent pullback, I’m looking for ways to sell into their “stops” for an easy run back lower…

Euro is bearish with a flag pattern – so the plan is to find selling-opportunities up around the high of the channel tomorrow morning…

Crude Oil Day Trading Strategy

Crude Oil is bearish with a Spike & Range and hidden channel on the chart this evening…

The bears have the momentum, so my plan is to find selling-opportunities using resistance levels overhead…

And with today basically being straight down into a range, the only real technical levels we have to work with are the high of this hidden channel and the prior spike-high that was sold at the end of today’s session…

I think the biggest challenge tomorrow is going to be the combination of a likely range into the weekly inventory report…

You’ve heard me say this many times before – whenever we see a market move THIS FAR, THIS FAST, the following day is most often going to be a range because nobody dares buy this market, and nobody’s taking profit yet, so we just need to stay patient and wait for that profit-taking rally and look for buyer-failures to sell from there…

 

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a triangle, hidden channel, reversal-line, and measured-move to work with tonight…

The bulls have the momentum, so the goal is to buy support levels using my best entry patterns…

And with price trying to run back into the triangle from early in the month, my goal is to find some seller-failures below the moving-average down around the low of this hidden channel tomorrow morning…

 

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E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bullish with a Spike & Channel, ‘pendulum swing’, hidden channel, reversal-line, and measured-move on the chart tonight…

The bulls have the momentum so my goal is to buy using support levels in combination with my favorite entry patterns…

So I’m watching this reversal-line at 7100 in combination with the low of this hidden channel for seller-failures below the moving-average…

And for my target, I have my eye on the ‘pendulum swing’, which at this point is projected up around 7231.

 

Gold Day Trading Strategy

Gold is bearish with a triangle, hidden channel, and measured-move to work with tonight…

The bears have the momentum after the bulls tried twice and failed to hold above the moving-average – telling me to look for opportunities to sell up at resistance levels overhead…

But the real opportunity with this is anticipating BUYERS trying to buy the low of this hidden channel and getting run over when it fails – so that’s where my head’s at for selling-opportunities…

To do this, I’m looking for buyers to try once more, and I’m watching for a bull-trap (literally) for selling-opportunities going back down into the range we came from earlier in the month…

 

Euro Day Trading Strategy

Euro is bearish with a bearish with a trading-range, support trend-line, and resistance trend-line on the chart tonight…

The bears have the momentum, so I’m looking for opportunities to sell using resistance levels overhead…

And with this trading-range telling me to sell above the range, I have my eye on this resistance trend-line in combination with this hidden bull channel for a 2-Try buyer-failure pattern going back down to re-test the lows tomorrow morning…

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