Tuesday, May 3, 2016

News Strategy for Wednesday| Crude Oil, Gold, E-mini & Euro Futures 05/03/16



“Do not judge each day by the harvest you reap, but by the seeds you have sewn.” – Robert Louis Stevenson

Notes for Tonight’s Newsletter:
With major news on the schedule for this evening and tomorrow morning we can easily see a calm before the storm; Crude Oil and the S&P are both trying to turn directions from bearish to bullish while Gold and Euro are both strong to the down-side ahead of tomorrow's session.

Market Psychology Of New Month On The E-Mini S&P 500 Futures; SchoolOfTrade.com



Did someone say echo? The E-Mini S&P 500 Futures almost identically mimicking what crude oil  from yesterday and with the SAME results!

We see the S&P opening up right on top of the prior month close area with a doji initially into bear failure but when the bears had another shot, they took it hard! This caused a huge big drop lower for the sellers!

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Price Action Trading The Wedge Breakout On The E-Mini S&P 500 Futures; SchoolOfTrade.com



Today we see the S&P 500 Futures pushing lower with aggression and taking a break through the EU session where we ended up in a wedge formation.

This wedge attempted to break higher twice and completely fell apart showing who really owned this market still allowing the sellers to hammer price lower!

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Monday, May 2, 2016

Trading Triangles on Tuesday | Crude Oil, Gold, E-mini & Euro Futures 05/02/16



“You gain strength, courage and confidence by every experience in which you stop to look fear in the face.”  - Eleanor Roosevelt

Notes for Tonight’s Newsletter:
Markets are volatile as we begin the month of May; Crude Oil is bearish inside a flag, E-mini S&P is bullish at the highs of a channel, Gold is bearish with an undershoot of the channel lows, and the Euro looks quite bullish as it tries to complete a triple measured-move from earlier today.


Market Psychology Of A New Month Of Trading On Crude Oil Futures; SchoolOfTrade.com



Today we open up in the month of May! Whenever there is a new month, last months levels tend to act as an area of interest for the better part of the first few days and that is exactly what we have today!

The month of May on Crude Oil ended in on a very strong positive note close to its highs making the new prior month levels very interesting to play around with. This gave huge resistance to Crude Oil on the closing price before slamming the market lower!

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



Today we see Crude Oil starting off the day with a nice move up off the lows and bullish support running with price with heavy buying pressure shutting down the sell moves.

This gave a big clue on what to expect with a nice move back up to highs and into resistance at 45.99 before seeing the buyers get out and shoot the market lower again. 

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Thursday, April 28, 2016

5 Targets for Friday | Crude Oil, Gold, E-mini & Euro Futures 04/28/16



“I am an optimist. It does not seem too much use being anything else.”  - Winston Churchill

Notes for Tonight’s Newsletter:
All of our markets have bullish momentum leading into tomorrow's session; Crude, Gold and Euro both trading inside channels and the E-mini S&P is trying to recover from a nasty fall earlier today.

Crude Oil is bullish and trying to finish rotation back to the highs of a bull channel this evening and complete a triple measured-move tomorrow but there are a few levels of resistance getting in the way that need to be broken first.  The bull channel tells us to expect rotation back to the highs of the channel, or look for a 'trap-low' below a prior support level before we make the next leg higher.  The measured-move was completed at 45.91 and will act as resistance before the buyers can try to finish a triple measured-move up to 46.34.  Buyers need to either get a strong breakout-pullback above this resistance, or they need to wait for price to 'trap-low' below prior support so they dont have to buy into this resistance area.


Market Psychology Of Complete Seller Failure On Curde Oil Futures; SchoolOfTrade.com



Today we see the sellers open up with an initial HEAVY sell emphasis to try to drive the market lower but when they ran into support and failed, everyone and their great aunt exited the move causing a huge spark upward again.

Buyers then began to see this failure from the sellers and accumulate everything the market would give them for continued bullishness for the rest of the morning!

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Selling the Buyer Exhaustion On Crude Oil Futures; SchoolOfTrade.com



Today we have a very wide range feeling market with a HUGE run higher by the bulls ending with the biggest bull candle of the session which will likely get buyers out of their positions with them seeing it as free money from the markets.

These types of areas, when taken in context, give some of the best entries you can ask for for huge moves and gorgeous price action!

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Wednesday, April 27, 2016

2 Strength Clues Thurs | Crude Oil, Gold, E-mini & Euro Futures 04/27/16



“The secret to life is meaningless unless you discover it yourself.”  - W. Somerset Maugham

Notes for Tonight’s Newsletter:
Markets are reacting to the FOMC Announcement this afternoon; Crude Oil and the S&P are both bullish and trying to re-test their highs, while the Gold and Euro are both incredibly range-bound and trying to find a direction for tomorrow's session.

Crude Oil is bullish and trying to re-test the highs of the range this evening but a recent 'channel-overshoot' and falling-resistance may give the buyers another chance to buy this market at a much lower price tomorrow.  The major bull channel will be waiting as support if we get a deep correction lower, while the minor bull channel has an overshoot at the highs which will likely either overshoot the lows or give us a double-overshoot at the highs for a possible reversal tomorrow.  The measured-move has already been reached which tells us to expect another test of the highs where we can also expect the sellers to be waiting for a possible reversal back to channel-lows.  Meanwhile, there is falling-resistance which may keep the buyers from finishing the re-test of the highs until after the correction back to the lows of the channel.


Market Psychology Of A Trading Range On The E-Mini S&P 500 Futures; SchoolOfTrade.com



Today we have a VERY obvious trading range that we failed to breakout from leading into today's movement. This gives us clues that we need to continue buying low and selling high and assume all breakouts are likely going to fail.

This is where inexperienced traders have the most difficult time because right when it looks like you should sell or buy, that is precisely where you should be doing the opposite on a range day. Utilizing market psychology WITH technical analysis is one of the best ways to avoid that from happening!

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Fading The Range Breakout On The E-Mini S&P 500 Futures; SchoolOfTrade.com



Today we see a VERY well defined range on the S&P 500 Futures with a huge bull move up towards the highs that ended with absolutely no continuation showing buyers completely falling apart.

This is very indicative of a range type day allowing us to sell into the range high buyer failure to push the market right back down once again for our targets below!

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Tuesday, April 26, 2016

8 Trades for FOMC | Crude Oil, Gold, E-mini & Euro Futures 04/26/16



“Life is not about ALL the wrong moves you made; Life is about the one right move that made ALL the difference.”  - James Lockhart

Notes for Tonight’s Newsletter:
Markets are preparing for a day filled with FOMC and Inventory News tomorrow; Crude Oil is bullish with a triple measured-move, The S&P is sideways ahead of news tomorrow, and both Gold and Euro have decent short-term trends to work with before the storm breaks tomorrow afternoon @ 2:00pm EST.

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



Today we see Crude Oil stuck in a range most of the morning with buyers and sellers battling over the extremes and fading all moves that occur through them.

We see a complete shift in sentiment with buyers taking control of the move and buying the pullback which gave a gorgeous signal to become buyer dominant to push the market back up to highs!

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Buying The Channel Lows On Crude Oil Futures; SchoolOfTrade.com



Today on Crude Oil we see a beautiful drive up off the lows but with almost TOO much strength and the buyers getting a bit exhausted. This gives us a very big clue on how to play this move going forward.

The bounce off the channels in combination with the exhaustion means we need to be looking for the last place the buyers were and we were able to pick up a gorgeous move higher this morning!

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