Monday, August 29, 2016

Market Psychology Of A Weak Range Open On Crude Oil Futures; SchoolOfTrade.com



We opened up the day with a strong gap lower with buyers appearing to want to fade the breakout attempt down which is expected to cause a rally on the open.

This rally completely failed to even show up allowing the sellers to begin fading the highs forming a range on the morning instead. This range held true all morning during the US morning session causing a weak range bound open to form!


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



We came in today to find Crude Oil working in a very well defined range. This range had the sellers attempting to push lower into the bottom with a breakout but quickly fail on the open. This pop higher came back to retest showing more buyers at the lows once again.

This break down came back to retest the lows and very quickly failed with buyers below the lows looking to fade the range aggressively popping the market higher for a very fast move back up once again to the range highs!


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Thursday, August 25, 2016

Friday’s Trading Plan | Crude Oil, Gold, E-mini & Euro Futures 08/25/16



“In today’s world, the greatest source of wealth is between your ears.”

Notes for Tonight’s Newsletter:
I’m back from my spa-getaway in East LA yesterday (kidding of course) and we have markets setting-up with some great opportunities for a Summer-Friday.  Janet Yellen hits the stage tomorrow morning from the Jackson Hole Symposium which means our plan will be to find those opportunities early and finish up a fantastic fourth week of August.  Crude Oil, Gold and Euro are bullish while the S&P is range-bound heading into Friday.

Market Psychology Of A Weak Bull Trend On The E-Mini S&P500 Futures; SchoolOfTrade.com



We opened up the NYSE morning with a small gap down and sellers attempting to break down further with a very heavy bear candle to start the day off. The buyers swept the move right back up and engulfed the sellers essentially nullifying them.

We now have a potential for the buyers to take the market back up assuming the lows were now a fake-break and we should be going higher to fill the gap and possibly further to other objectives above!


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Price Action Trading The E-Mini S&P 500 Futures Range Failure; SchoolOfTrade.com



We came in today to see a very sturdy range formation on the overnight session. Sellers attempted to dig into the lows after the US open but completely failed to get anything going before firing right back up towards the highs.

This gave us clues to look for continuation on the move to get to buyer objectives back at the highs of the day and possibly even further to magnet objectives above that!


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Wednesday, August 24, 2016

Market Psychology Of The Euro Currency Futures Breakout Morning; SchoolOfTrade.com



We came in today to find the Euro Currency Futures getting beaten up pretty badly in the overnight session with a big gap lower underneath the large 1.3000 BRN area. This gap lower will be seen as a breakout attempt with a good likelihood of success.

The open kicks off a small range start that broke down aggressively lower showing bears have control as expected and to keep selling every chance you get!


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Are you a Gold Trader? Click here to trade Gold
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