Thursday, January 12, 2017

5 Trades for Friday | SchoolOfTrade Newsletter 01/12/17



“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.”

Crude Oil is bullish and trying to re-test the highs, but we’ve started trading sideways in the middle of today’s range, which tells the buyers to look for ‘traps’.

E-Mini S&P is bullish and trading inside a multi-tiered channel, which tells the buyers to look for trading opportunities at levels of support below the channel.

Gold is bearish and trading with a channel, so the plan is to sell the highs, but we have the $1200 round number that may spoil the fun.

Euro is bearish, trying to finish rotation back to the lows, and looking for trading opportunities up at the highs of a bear channel.

FDAX is bearish and trying to re-test the low, but a rising support trend-line is in the way and giving the buyers a big opportunity to grab control and fill the gap left open from last night’s close. 

Wednesday, January 11, 2017

Thursday’s Trading Strategy | SchoolOfTrade Newsletter 01/11/17



“The tragedy in life doesn’t lie in not reaching your goal. The tragedy lies in having no goal to reach.”

Crude Oil is bullish with a spike & channel, trying to re-test the highs after today’s inventory report sent prices racing higher. 

E-Mini S&P is bullish after a strong run higher to finish out the session today, telling buyers to be looking for a pullback and a re-test of the highs tomorrow. 

Gold is bullish, but after an overshoot of the channel, I’m expecting the most reliable buying opportunities to be after a deep two-legged correction.

Euro is bullish and trading with a spike & range, telling the buyers to be looking for buying opportunities as price pulls back to support levels tomorrow. 

FDAX is bullish with a flag pattern, telling the buyers to look for a successful breakout-pullback using the falling resistance trend-line coming overhead. 

Tuesday, January 10, 2017

8 Ways to Trade Wednesday | SchoolOfTrade Newsletter 01/10/17



“If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception; it is a prevailing attitude.”
Crude Oil is bearish and trading at the low of a channel this evening as sellers wait for a correction to sell more tomorrow.

E-Mini S&P is bearish and trying to re-test today’s lows after the buyers failed to hold a late-session rally.

Gold is bullish, but trading into a measured-move tells the buyers to avoid ‘buying high’ and wait for a move back to the lows.

Euro is bearish and trading near the low of a channel and possible wedge this evening, telling sellers to focus on selling the highs tomorrow.

FDAX is range-bound and trading in the middle of a triangle this evening, telling both sides to stay patient.

Monday, January 9, 2017

Tuesday’s Trading Strategy | SchoolOfTrade Newsletter 01/09/17



“Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.”
Crude Oil is bearish with a spike & channel and sellers are waiting for the opportunity to ‘sell high’ tomorrow.

E-Mini S&P is bearish with a spike & range, which has sellers looking to sell the high of the range tomorrow.

Gold is bullish and trading at the low of a bull channel, which tells the buyers to be looking for opportunities for rotation back to the high.

Euro is bullish at the high of its range this evening and buyers are waiting to see if they can clear through he measured-move or if they need to wait for a correction tomorrow.

FDAX is bearish and trading inside the ‘correction zone’ of a spike & channel, which would normally tell us to sell, but we need to get below a rising support trend-line first.

Thursday, January 5, 2017

Friday’s Non-Farm Payroll Trading Strategy | SchoolOfTrade Newsletter 01/05/17



“The quality of a person’s life is in direct proportion to their commitment to excellence, regardless of their chosen field of endeavor.”
Crude Oil is bullish and trying to re-test today’s high and possibly last week’s high as the buyers regained control after today’s inventory report. 

E-Mini S&P is bullish, and just like Crude Oil, is trying to re-test today’s highs after the weekly inventory report gave the buyers an opportunity to ‘buy low’ after a deep pullback. 

Gold is bullish and rotating off the high of a bull spike & channel after completing the ‘Double-Up’ target late in the session today. 

Euro is bullish and trading at the highs of a spike & range after the bulls successfully reached their ‘Double-Up’ target earlier today. 

FDAX is trading sideways inside a trading-range after another low-volume session today. 

Wednesday, January 4, 2017

6 Trades for Thursday | SchoolOfTrade Newsletter 01/04/17



"Do not hope for an easy life, work hard to achieve the strengths and skills to endure a difficult one."
Crude Oil is bullish with a spike & channel, so we’re watching the ‘correction zone’.

E-Mini S&P is bullish and trading with a wedge and a ‘hidden’ spike & channel.

Gold is bearish after the buyers tried twice and failed to re-test today’s high.

Euro is bullish and trading just below today’s high, so we’re staying patient.

FDAX is bullish and trying to break free of the flag pattern and keeping an eye out for a failure.