Fake-Out Breakout Trading Strategy


(Video length 00:35:31)

“Discomfort is your friend. It doesn’t matter if you’re sick, if you have other stuff going on, etc.… if you’re a pro, you go to work and get the job done.”

Crude Oil is bullish into consolidation tonight, so I’m looking for a failed bear breakout for buying opportunities tomorrow morning…

E-Mini S&P is bullish with a WIDE channel, which tells me to look for a deep pullback, followed by seller-failures for buying opportunities back to the high.

Nasdaq is bullish with a Spike & Channel, so my plan is to buy the low of the channel, and there’s one BIG clue telling me which pattern will work best.

Gold is bullish with a range, so my plan is to look for buying opportunities below the range low using the 2-Try Failure pattern.

Euro is bearish and I’m waiting to see if the chart turns into a range for tomorrow, because my plan will be much different if it does.

Crude Oil Day Trading Strategy

Crude Oil is bullish with a trading-range and a possible hidden channel on the chart tonight.

The momentum is clearly bullish, so my plan is to buy below this range using the 2-Try seller-failure pattern.

I would also like to include the low of this hidden channel in some way tomorrow morning… I just need to get the pullback.

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a Spike & Channel pattern on the chart, so I need to stay patient and look to buy into seller-failures on a deep pullback tomorrow morning.

The challenge is going to be staying patient – the channel is very WIDE, which means the momentum is going to build as the market moves lower, and I need to wait for the sellers to try twice before trying to buy the lows.

E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq bullish with a wide Spike & Channel, so my plan is to look for buying opportunities off the low of this channel.

One of the most important clues for me is how WIDE this channel is.

Reviews

  • Total Score 0%
User rating: 0.00% ( 0
votes )



Leave a Reply

Your email address will not be published. Required fields are marked *