(Video length 00:46:42)
“One of the most fascinating lessons I have learned about life is that the struggle is good.”
Crude Oil is bearish as it slowly makes its way back to yesterday’s low, and my goal is to use the high of this hidden channel for selling-opportunities tomorrow morning…
E-Mini S&P is bearish, but trading at the low of the range isn’t a great place to start selling, so my plan is to wait for selling-opportunities up at the range high instead of trading to force trades down near the low…
Nasdaq is bearish and trading at the low of the range, so I’m watching for a short-term buying opportunity back up to the high, with the ultimate goal of selling the high of this range using a buyer-failure tomorrow morning…
Gold is bullish with a strong spike higher – telling me to look for seller-failures below the moving-average for another leg higher tomorrow morning…
Euro is bullish with a wide Spike & Channel – telling me to respect the momentum of this market and wait for a 2-Try Failure for buying opportunities off the low…
Crude Oil Day Trading Strategy
Crude Oil is bearish and trying to re-test yesterday’s low – telling me to focus on selling-opportunities up at resistance levels, such as the high of this channel tomorrow morning…
E-Mini S&P Day Trading Strategy
E-Mini S&P is bearish with a trading-range, channel, and measured-move on the chart this evening…
The bears have the momentum – telling me to focus on selling-opportunities at resistance levels overhead…
But if you look closely, you can see we’re sitting on the range-expansion support level with the sellers now trying twice…
This clue tells me that (a) I don’t want to sell down at this support level, and (b) we may have an opportunity to buy this market with the nested 2-Try Failure pattern…
For the buyers, I’m looking for these sellers to try and fail TWICE before re-testing this afternoon’s low, looking for a target up at the range high…
