Friday, August 29, 2014

In memory of our friend, Lee Gazelle

Today we remember a dear friend of the SchoolOfTrade community, Lee Gazelle.

Lee was one of the original members of our community, but most of all... he was an AMAZING person.

He was a person who grabbed life by the horns and took every opportunity to seize the moment.  

He loved to travel with his wife Marty.  As he traveled he loved to record video of his travels, along with fun music for everyone to watch at home.  Lee shared these videos with us and they will forever be our memories of our dear friend.


Thursday, August 28, 2014

Math is FUN when you make MONEY with it - Probability Model Boston Museum of Science



This exhibit at the Boston Museum of Science shows proof that although we cannot determine the outcome of every trade we take, there is a statistical reliability over a long period of trades, which allows us to make profit in the markets we trade.

This illustrates the importance of risk/reward in day trading.  

In order to reap the benefits of this 'bell curve' you need to stay alive long enough to see the statistical reliability actually work for you.

Keep those stops small, and those winners large, and consistently executing your trades and you will be successful!

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Sideways Range Trading The S&P500 Futures; SchoolOfTrade.com



Buying the S&P 500 range lows allowed us to bank 2.25 points on an easy trade this morning!

In today's video we have the S&P 500 beginning to get VERY range bound and sideways.


This gave us an opportunity to buy the lows of consolidation and bank a solid profit of $450!

E-Mini Russell Futures Day Trading Strategy; Selling the Last Chance to new lows

Russell 6JJBar
The Russell has rejected the BMT and is now coming back to test it again.

I am looking to sell it from 1166.2-1167.3 right back down to the lows for another rejection.

The first target will be near the lows at 1162.8 with the final projection target sitting down at 1160.8.

Make sure you sign up for our trial to the Live Trade Room so you don't miss this trade! You will be able to follow along with us as we take it LIVE in the room!

Gold Futures Day Trading Strategy; Selling the WAVE to new lows

Gold 6JJBar
Gold has firmly dropped below the BMT's and into a 456 continuation WAVE lower.

I am looking to sell when price retraces back to 1290.8-1291.4 right back to new lows.

The first target will be near the lows at 1288.7 with the final projection target below at 1286.5.

Make sure you sign up for our trial to the Live Trade Room so you don't miss this trade! You will be able to follow along with us as we take it LIVE in the room!

Crude Oil Futures Day Trading Strategy; Buying the WAVE to new highs

Crude 6JJBar
Crude Oil has caught a big push  higher from the buyers and is now in a 456 continuation WAVE.

I am looking for price to pullback a bit to buy from 94.29-94.18 right back up again.

The first target will be up at 94.61 with the final target above that at 94.94.

Make sure you sign up for our trial to the Live Trade Room so you don't miss this trade! You will be able to follow along with us as we take it LIVE in the room!

Euro Currency Futures Day Trading Strategy; Selling the WAVE to new lows

Euro 6JJBar
The Euro has pushed up and fully rejected the BMT and is now dropping lower.

I am looking to sell when price retraces back to 1.3191-1.3198 right back to new lows.

The first target will be near the lows at 1.3167 and the final projection target below at 1.3143.

Make sure you sign up for our trial to the Live Trade Room so you don't miss this trade! You will be able to follow along with us as we take it LIVE in the room!

Automated Trading Strategy Review - Gold Futures

Gold Auto Trader
Gold has had another AMAZING week bringing in, yet again, some seriously hefty profits for us!

We have a total profit this week from the FLEX Auto Trader at $2,370 while also bringing in some serious stats and only taking 1 loss this past week wrapping up a strong week!



Wednesday, August 27, 2014

Channel Breakout Trading The NASDAQ Futures; SchoolOfTrade.com



Selling the channel highs after a trap allowed us to bank 17.50 points this morning on the NASDAQ!

In today's video we see the NASDAQ failing to push through the highs of the channel and falling off a bit.


This gave us an opportunity to sell the highs of the channel and profit a solid $350 on the trade!

E-Mini Russell Futures Day Trading Strategy; Selling resistance to new lows

Russell 6JJBar
The Russell has formed a fake-break low at the BMT which is giving us areas of resistance to sell now.

I am looking to sell at 1175.0, 1175.8, and 1177.1 right back to new lows again.

The first target will be the BMT's in the middle at 1172.7 with the final target lower at 1170.3.

Make sure you sign up for our trial to the Live Trade Room so you don't miss this trade! You will be able to follow along with us as we take it LIVE in the room!

Gold Futures Day Trading Strategy; Selling the WAVE to new lows

Gold 6JJBar
Gold has caught a bit of selling pressure dropping back down into a 456 continuation WAVE lower.

I am looking for price to retrace back to sell from 1285.3-1285.9 back to new lows.

The first target will be at 1283.0 with the final projection target below at 1280.7.

Make sure you sign up for our trial to the Live Trade Room so you don't miss this trade! You will be able to follow along with us as we take it LIVE in the room!

Crude Oil Futures Day Trading Strategy; Selling resistance back to new lows

Crude 6JJBar
Crude Oil attempted to push lower but only formed a fake-break low and quickly snapped higher.

I am looking for prices to rise higher to sell at 94.49 right back down to test the lows once more.

The first target will be at structure of 94.24 with the final target below at 93.76.

Make sure you sign up for our trial to the Live Trade Room so you don't miss this trade! You will be able to follow along with us as we take it LIVE in the room!

Euro Currency Futures Day Trading Strategy; Buying the WAVE to new highs

Euro 6JJBar
The Euro has pushed into the BMT cloud but has yet to test the big BMT forming a magnet trade.

I am looking for price to pullback a bit to buy from 1.3181-1.3174 to push back up to the second BMT.

The first target will be near the highs at 1.3202 with the final target coming in at the BMT at 1.3221.

Make sure you sign up for our trial to the Live Trade Room so you don't miss this trade! You will be able to follow along with us as we take it LIVE in the room!

Automated Trading Strategy Review - Gold Futures

Gold Auto Trader
Gold has had a HUGE week making the best of these current market conditions and locking in some solid profits for us!

We have had quite a few trades fire off and some even came in with size to it allowing us to bank a hefty $4,420 this past week on some VERY strong stats!



Tuesday, August 26, 2014

WAVE Trading The E-Mini Russell Futures; SchoolOfTrade.com



Buying the WAVE on the E-Mini Russell allowed us to pocket 77 ticks this morning!

In today's video we have the Russell pulling back after a fake-break high right into support.


This gave us an opportunity to buy the WAVE and support rejection higher to bank $770 on the trade!