Thursday, December 8, 2016

5 Trades for Friday | SchoolOfTrade Newsletter 12/08/16



“Enter every activity without giving mental recognition to the possibility of defeat. Concentrate on your strengths, instead of your weaknesses… on your powers, instead of your problems.”
Crude Oil is bullish and trading at a measured-move and the high of a large bull channel this evening.

E-Mini S&P is bullish and trying to re-test today’s high and possibly complete a triple measured-move tomorrow.

Gold is bearish and trading in the middle of a range this evening.

Euro is bearish and trading at a measured-move with a spike & wedge.

FDAX is bullish and trading at the high of day after a beautiful pullback and re-test of the high.

Wednesday, December 7, 2016

Trading Parabolic Moves | SchoolOfTrade Newsletter 12/07/16



“Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan ‘Press On’ has solved and always will solve the problems of the human race.”
Crude Oil is bearish, but trading at the low of a bear spike & channel tells the sellers to wait for the rotation back up to the high of the channel tomorrow.

E-Mini S&P is bullish, but after a massive run higher today, we can assume that buyers will be hesitant to buy more until they get a decent pullback off the highs. 

Gold is bullish, but struggling to break through the highs of a trading-range, which tells the buyers to look for a successful breakout-pullback above the range highs, or wait for seller-failures at the low of the range.

Euro is bullish, but we have a lower-high on the chart which tells us that buyers are weary of buying at such a high price, so our goal tomorrow will be look for a correction back to the ‘battle zone’ for a re-test of the high.

FDAX is bullish, but this parabolic move higher today is hardly sustainable and buyers know that the most reliable buying opportunities will come after a deep pullback off today’s highs. 

Tuesday, December 6, 2016

Flags and Ranges for Wednesday | SchoolOfTrade Newsletter 12/06/16



“Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.”
Crude Oil is bullish and trading at the high of a bear flag ahead of tomorrow’s Inventory Report.

E-Mini S&P is bullish and trying re-test the all-time high once again this week.
Gold is still trading inside a range, and buyers are still waiting patiently to buy the low.

Euro is bearish in the short-term as price pulls-back off yesterday’s high in the form of a ‘bull flag’. 

FDAX is bullish, but this move higher today is so aggressive that buyers are likely to take some profit on the trade, and start looking for a place to buy at a cheaper price. 

Monday, December 5, 2016

Avoid these Traps on Tuesday | SchoolOfTrade Newsletter 12/05/16



"Absorb what is useful, discard what is not, add what is uniquely your own."
Crude Oil is bearish after the buyers failed to re-test the highs and price collapsed on news this afternoon that OPEC nations continue to see record-high output even in the wake of the recent agreement to cut production. 

E-Mini S&P is bullish and trying to re-test today’s high and possibly reach new all-time-highs tomorrow or later this week as well. 

Gold is bullish, but trading at the high of a trading-range this evening which means the most reliable buying opportunities will come at the low of the range or after a successful breakout-pullback through the highs. 

Euro is bullish and trading at major resistance this evening after a strong move higher for the bulls today. 

FDAX is bullish and trying to re-test today’s highs after the buyers waited for the deep pullback and now have a target to go back to re-test the highs and possibly the prior-month high waiting overhead. 

Thursday, December 1, 2016

Non-Farm Payrolls Friday Strategy | SchoolOfTrade Newsletter 12/01/16



“Would you like me to give you a formula for success? It’s quite simple, really; Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.”
Crude Oil is bearish in the short-term as buyers take their profit and price attempts to move back to the $50 round number tomorrow.

E-Mini S&P is bearish and trading at the high of a short-term trading-range with a target going back to re-test the lows. 

Gold is range-bound and rotating back to the highs of the range, where we assume that sellers will be waiting to use the '2-Try Rule' to sell the highs.

Euro is bullish, trading at the high of a narrow bull channel, and trying to finish a measured-move target tomorrow.

FDAX is bearish and trading at the end of a bear wedge, which tells the sellers to stay patient for counter-trend ‘traps’ and ‘failures’ at the resistance levels waiting overhead.

Wednesday, November 30, 2016

Thursday’s Trading Strategy | SchoolOfTrade Newsletter 11/30/16



“Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential.”
Crude Oil is bullish and hunting for the $50 round number tomorrow after today’s OPEC meeting sent prices soaring higher.

E-Mini S&P is bearish and trading at the measured-move and low of a bear channel, so we’re waiting for a correction to sell more.

Gold is bearish and trading at the measured-move which tells the sellers to stay patient for a pullback.

Euro is bearish and trying to re-test the lows, but we have a short-term bull channel with what we call a ‘grind break’ telling us to expect higher prices in the short-term.

FDAX is bearish and trading at the lows of a wide bear channel this evening just a few inches away from completing the measured-move, so we’re looking for traps above prior swings overhead.