Don’t Chase The Move (Here’s Why)

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“Learn from yesterday, live for today, hope for tomorrow.” -Albert Einstein

Crude Oil is bullish with a short-covering rally, so I’m looking for buying opportunities and I’m watching a reversal-line in combination with the low of a hidden channel for tomorrow morning.

E-Mini S&P is bearish and rotating back to the low of the range, and my job tomorrow is to find selling opportunities using buyer-failures before we get there.

Nasdaq is bearish with a weak move going lower, so I’m staying patient, waiting to sell high using bull-traps up at the high of a channel.

Gold is bearish with a wide, almost flat channel, which tells me to trade this just like a range, using the ‘2-Try Rule’ to sell above the highs using buyer-failures.

Euro is bullish and still trying to re-test the range high, and with the sellers failing, I’m watching for a crown reversal pattern to buy the low tomorrow morning.

Back in the action again this evening with our final newsletter of 2018, and although I would love to sit back and reminisce about all the good times we’ve shared together this year, we have some work to do because those presents under the tree aren’t gonna pay for themselves, are they?

Crude Oil Day Trading Strategy

Crude Oil is bullish with a strong spike higher, trading-range, and hidden channel on the chart this evening.

The bulls have control with this strong short-covering rally, and it’s easy to assume these buyers are hunting for the high of this weekly trading-range.

Knowing this, I’m looking for support levels to buy pullbacks, and I have my eye on the low of this hidden channel, in combination with the .35 reversal-line for entry patterns tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bearish with a trading-range, bear channel, and measured-move on the chart tonight.

The trading-range is the big clue, telling me to keep looking for selling-opportunities as price rotates back to the low of the weekly range.

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