Wednesday, January 17, 2018

Head-Fake Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro



"Absorb what is useful, discard what is not, add what is uniquely your own."

Crude Oil is bearish and trading at the high of a Trading-Range, telling me to look for selling-opportunities using the '2-Try Rule' with a target back down to the low tomorrow morning.

E-Mini S&P is bullish, but trading at three levels of resistance isn’t a great place to start buying, so I’m looking for buying opportunities using a ‘2-legged pullback’ down into the ‘battle zone’ tomorrow morning.

Nasdaq is bullish and trading up at the high of a bull channel, telling me to stay patient for buying opportunities down near the lows tomorrow morning.

Gold is bearish with a strong move lower, and I’m looking for a Spike & Range pattern to start going sideways so I can look for a buyer-failure up above the moving-average tomorrow morning.

Euro is bearish with a strong move to finish today’s session, telling me to look for selling-opportunities and another leg lower tomorrow morning.

Tuesday, January 16, 2018

Trading with “Context” | Crude Oil, Emini, Nasdaq, Gold & Euro



“Would you like me to give you a formula for success? It’s quite simple, really; Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.” 

Crude Oil is bearish with a Spike & Channel pattern, telling me to look for selling-opportunities up above the highs of the channel tomorrow morning.

E-Mini S&P is bearish and trying to re-test the low from earlier in January, and I’m looking for trap set-ups tomorrow because of this flat moving-average I’m seeing on the chart this evening.

Nasdaq is bearish, but a short-term trading-range tells us to focus on traps for the most reliable selling-opportunities tomorrow.

Gold is bullish and trying to re-test today’s high, and I’m looking for a hidden channel for the most reliable buying opportunities tomorrow.

Euro is bearish (almost bullish) and trying to re-test today’s low, but a recent run higher tells me wait for the buyers to try and fail before looking for selling-opportunities tomorrow.

Develop Instincts for Day Trading | Trading Psychology



Today’s Trading Psychology question of the day… (I always appreciate you posting those questions!)

“I’ve noticed that the best trader’s I’ve met all have this “gut feeling”, which tells them when and where to enter the market?  Are people born with this, or is this something that I can develop myself?  I would love to know your opinion on the topic, and any recommendations you might have to achieve it.”

Great question, and I agree, I’ve met quite a few traders in my career that seem to have this sixth sense when it comes to trading, as you called it, a “gut feeling” that seems to make it easy for them to find profitable trading-opportunities…  but how do they achieve that?

In today’s psychology lesson, I’m going to give you a strategy with five (5) ways that will make it easier for you to develop that “gut feeling” so you can gain confidence and make it easier to find those big winning trades each day.


Thursday, January 11, 2018

Stop Missing the Best Trades | Crude Oil, Emini, Nasdaq, Gold & Euro



Click here to download today’s charts
“Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential.”

Crude Oil is bearish after collapsing off today’s high, and I’m looking for a hidden channel for the most reliable selling-opportunities tomorrow.

S&P is bullish and trading at the high of a channel, so I’m waiting for buying opportunities using a ‘2-legged pullback’ down to a key reversal-line at 65.50 tomorrow morning.

Nasdaq is bullish with a multi-day channel, telling me to use “rotation” for buying opportunities coming off the lows tomorrow morning.

Gold is bullish with a Spike & Channel pattern, telling me to stay patient for a pullback down to the base of the channel tomorrow morning.

Euro is bullish with a Spike & Channel pattern, so I’m waiting to buy a ‘2-legged pullback’ into the ‘battle zone’ tomorrow morning.

Wednesday, January 10, 2018

Earn More with Confirmation | Crude Oil, Emini, Nasdaq, Gold & Euro



“Pain is temporary. It may last a minute, or an hour, or a day, or a year, but eventually it will subside and something else will take its place. If I quit, however, it lasts forever.”

Crude Oil is bullish but trading sideways with a triangle tells me to look for buying opportunities down below the triangle lows, or wait for a hidden-channel to new highs tomorrow morning.

S&P is bullish and finishing the short-term target for the buyers, so I’m staying patient for a pullback into the ‘battle zone’ or continuation and a ‘2-legged pullback’ tomorrow morning.

Nasdaq is bullish and rotating back to the high of a bull channel, and when completed, my plan is to look for buying opportunities with a ‘2-legged pullback’ back down at the lows tomorrow morning.

Gold is bearish and trading sideways with a Trading-Range, so the plan is to look for traps above the highs or a successful breakout-pullback to the lows tomorrow morning.

Euro is bearish and trying to re-test yesterday’s low, and I have a perfect channel pattern giving me two ‘battle zones’ to work with tomorrow morning.

Bigger Profits thru Flexible Psychology | Trading Psychology



Today I want to share with you a trading psychology strategy that will help you earn more profits while making it easier to overcome losses by using what I call “flexible psychology”…

But before I go into today’s lesson, I need to remind you that this psychology lesson is the most recent in a series of videos that I publish every week, and these videos build on the topics we’ve already discussed, so if this is the first video you’re watching, you might want to go back and start from the beginning to get the most value out of these lessons.  I’ll leave a link below…

Here’s the link to watch from the beginninghttps://goo.gl/k1F34D

I also want to remind you to subscribe to this YouTube Channel and click the “bell” icon so you get notified every time I post something new.

And if you really want to stay in-tune with what’s going on here at SchoolOfTrade, join our mailing list on the homepage of our website, or on my blog at SidewaysMarkets.com.

Ok, now that we got that out of the way… let’s get into today’s lesson.

Today I want to share a strategy with you that’s helped my clients grow their accounts and earn more profit each month by using a simple term called “flexible psychology”

But first, let’s consider this example…

Three different traders take the same trade, and it each trade results in a loss.

The first trader loses money, curses at his monitor, throws his mouse across the room, says the markets are out to get him, and quits trading for the day.

The second trader gets angry at the loss, decides the market was wrong, so he doubles-down on his next trade and loses even more money, erasing his gains from the entire week before.

The third trader takes the loss, writes in his journal, takes a step back to re-think his analysis and patiently waits for the next trade set-up which occurs 20 minutes later, which is a winner, and puts him back in the green for the day.

What’s the difference between these three people?