Thursday, May 26, 2016

8 Trades for Friday | Crude Oil, Gold, E-mini & Euro Futures 05/26/16



“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”  - Michael Jordan

Notes for Tonight’s Newsletter:
We have some great trading opportunities ahead of the holiday weekend, and with an early close tomorrow we will be looking for early-session opportunities; Crude Oil and Gold are bearish, the Euro is bullish and the S&P appears to have started the holiday early and is trading sideways going into Friday's session.

Market Psychology Of Big Round Numbers On Crude Oil Futures; SchoolOfTrade.com



Today we see Crude Oil opening up right on top of the big $50.00 / barrel mark and we quickly saw snap selling right into that price showing us that buyers had little to no interest up there to start the day off.

We then see even further evidence of buyers giving up right at the top once again for sellers to swoop back in and SLAM the market lower back into the channel formation from the prior day!

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Price Action Trading A Wedge Breakout On Crude Oil Futures; SchoolOfTrade.com



We came in today to see Crude Oil lifting off the lows a bit with an ascending wedge pattern going higher and buyers defending the bear moves. This then led into a HUGE breakout candle showing the buyers want it more than ever.

This gave a gorgeous move up for a push to the breakout point targets and through the $50.00 / barrel area to finish the job higher and tag the big level that everyone and their brother is watching.

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Wednesday, May 25, 2016

Thursday’s Trade Plan | Crude Oil, Gold, E-mini & Euro Futures 05/25/16



“You must be the change you want to see in the world.” - Mahatma Gandhi

Notes for Tonight’s Newsletter:
We have some interesting situations to look at this evening; Crude Oil seems to destined to reach $50, the E-mini S&P finally took a break after 2 days of rocket fuel, Gold buyers appear to have ripped control away from the sellers, and the Euro is back to going sideways on us again ahead of tomorrow's trading session.

Market Psychology Of A Trading Range Day On Crude Oil Futures; SchoolOfTrade.com



Today we see Crude Oil gapping higher but with no sentiment on either end of the market from the prior day meaning we are likely to go range bound. This means we need to look to buy low and sell high and fade breakouts back into the range.

We had the sellers give it a shot this morning but they didn't get very far before buyers shot right back up again shoving all the sellers out causing a stop run move up into the news. The news then collapses right back down (sell high) into the apex of the wedge from yesterday!

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Price Action Trading The Swing Trap Low On Crude Oil Futures; SchoolOfTrade.com



Today we see Crude Oil in a large range and having trouble getting anything moving in one direction or the other. This tells us we need to be looking to buy low and sell high and look for traps to use to get the move going towards the range extremes.

We had the sellers attempt to push down but were matched by the buyers so we are very likely to see the earlier sellers feeling squeezed and looking to get out with minimal damage. This gives us a swing low trap into a HUGE bull reaction showing us that buyers added more and sellers exited!


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Tuesday, May 24, 2016

5 Swing Trades for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 05/24/16



“In any situation, the best thing you can do is the right thing; the next best thing you can do is the wrong thing; the worst thing you can do is nothing.”  - Theodore Roosevelt

Notes for Tonight’s Newsletter:
We certainly got some life back into these markets today with some big moves across the board today; Crude Oil and the E-mini S&P are bullish while the Gold and Euro are pinned to their lows as we go into Wednesday's session.

Market Psychology Of A Gap Reversal On Crude Oil Futures; SchoolOfTrade.com



We open up with a nice gap higher and buyers from the EOD yesterday wanting to take profit causing a quick move lower to fill the gap. This gap fill was quickly snapped up by the buyers showing price straight back up and trapping in sellers.

Sellers continued to try to sell into the move expecting another leg down and they quickly found out that they were dead wrong in the attempt and exited causing a HUGE run higher on a stop run!

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Price Action Trading The Seller Failure On Crude Oil Futures; SchoolOfTrade.com



Today we see a very large run up with huge bull emphasis in the market. Every pullback is being bought and aggressively so. Looking for sellers to get trapped in is a great place to get in and that is exactly what we did!

We see sellers attempting to fade resistance levels at 48.42 and completely falling apart which should have them exiting the market if they are invalidated. This is exactly where we need to be getting in for the run back up again.

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Monday, May 23, 2016

Trading Opportunities for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 05/23/16



“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great people make you feel that you, too, can become great.” 

Notes for Tonight’s Newsletter:
Markets are a bit choppy ahead of the Holiday weekend; Crude Oil and Gold have some good trends going, while the E-mini S&P and Euro are trading inside of narrow ranges as we go into Tuesday's session.