Wednesday, September 2, 2015

Trading Ranges and Breakouts Thursday | Crude Oil, Gold, E-mini & Euro Futures 09/02/15



Click here to download today’s charts
"A goal is not always meant to be reached. It often serves simply as something to aim at." - Bruce Lee.
Notes for Tonight’s Newsletter:
All four of our markets are trading inside ranges this evening which means we are using those range highs and lows for breakout patterns on Thursday… are you ready?

Crude Oil is range-bound with a bullish bias as we 'rotate' from high to low and now back up to the highs at $49.00; We see a bullish spike & channel which tells us to keep looking for buying opportunities until we see it fail, and if it does fail we will look for a strong re-test of the range-low down at $44.00 and possibly even lower.

E-mini S&P is range-bound and bullish this evening after sellers failed to complete the rotation back to the lows of the range, which was followed by a strong break of the highs up to the mid-line of the bull-channel.  Our plan is to look for buying opportunities going back to the original range we started the week to complete the measured-move.

Gold is range-bound and sellers are currently rotating price back to the lows of the range, but it appears they have run out of bullets.  We expect the buyers to try and move this back to the range-highs at 1146.0 and we will keep our eyes open for them to fail which will send price down to the lows at 1125.3

Euro is range-bound and bearish and headed to fill the gap at 1210 after buyers tried and failed to keep price moving higher.  Our targets are back at the lows of the range at 1181 and then we will look for sellers to try and fail at the lows for a buying opportunity back up to the highs.


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WAVE Pattern Trading The NASDAQ Futures; SchoolOfTrade.com



Buying the WAVE Pattern Long on the NASDAQ Futures allowed us to pick up 168 ticks this morning!

In today's video we see the NASDAQ forming a range day off which we are cycling back up to the highs.

This gave us an opportunity to buy the WAVE Pattern Long and ride the move up for a nice and quick $840!

E-Mini Dow Futures Day Trading Strategy Review - Buying channel lows 2L back to highs

Dow 800V
The Dow had a range bound start which led into a bull channel from the lows working back higher.

We had price come into the channel lows and hold well for a 2L to push back up.

This gave us 10, 26, and 53 ticks right back up to the highs and into channel highs!

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 Review - Selling the FBH breakdown 2LF

Gold 512V
Gold has had quite the range day overall with smaller ranges in the mix as well really showing its choppiness.

We had price fail through the highs on a strong 2LF to push price right back down again.

This gave us a short opportunity to ride down 10, 13, and 29 ticks back to the lows.

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 Review - Buying channel lows on a 2L

Crude 1000V
Crude Oil had a huge rise higher off the lows with a solid bull channel working the whole way up.

We had price come back to retest support and launch a 2L for another rip higher.

This gave us a chance to ride out 10, 13, and 54 ticks of profit right back up to the highs!

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 Review - Selling the range high 2LF

Euro 1597V
The Euro has had quite the range bound day today showing price having a hard time going in any one direction for long.

This gave a sell off range highs with the immediate breakdown of buyers on a 2LF.

We were able to ride this move right back down to range lows for 10, 18, and 31 ticks!

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!

Tuesday, September 1, 2015

Day Trading Failure Patterns Wednesday | Crude Oil, Gold, E-mini & Euro Futures 09/01/15



"It's kind of fun to do the impossible." - Walt Disney.
Notes for Tonight’s Newsletter:
These markets are RED HOT going into September; Crude Oil collapsed off the recent highs, E-Mini S&P successfully broke out of the range to the downside, while Gold and Euro are making it easy for us inside the trading-range.  We have a plan for tomorrow… are you ready?

Crude Oil is bearish after the bullish spike and channel collapsed this morning below our 'line in the sand' at $47.  We find ourselves back inside the range from Monday which means we will trade this like a range, and wait for breakout opportunities with a bearish bias.

E-mini S&P is bearish after selling successfully tried twice and kept price outside the range going lower.  We can see a new bearish spike and channel pattern which tells us to sell the highs of the channel and look for a large correction higher for the best selling opportunities tomorrow!

Gold is trading inside a range, but the buyers have successfully broken the highs twice which is a bullish signal, however the recent bull-traps and the inability to stay above the moving average makes this market feel very heavy so we will be looking for buyers to fail on the next push higher to sell back to the original range from Monday.

Euro is trading inside a range with only a single try from the buyers to break out of the range which means we are still looking for failures to sell back into the range, and we can see a GAP at 1.1200 to make an easy target for the sellers until we see the buyers try a 2nd time and keep price above 1.1255.



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



Selling the channel high failure on Crude Oil allowed us to pick up a MASSIVE run to channel lows for 155 ticks this morning!

In today's video we see Crude Oil Futures pushing down on a range day but with bearish sentiment in play.

This gave us an opportunity to sell the channel highs to follow the move up for our profit targets at channel lows for $1,550 on only 2 contracts!

E-Mini Dow Future Day Trading Strategy Review - Buying the channel lows on a 2SF

Dow 800V
The Dow started the morning out before the open with a solid S/CH higher with strong bullishness.

This gave a nice pullback to the lows and a great signal to go long on the 2SF.

We pulled this move out for a full ride to channel highs for 10, 26, and 69 ticks back up!

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 Review - Selling channel highs on an inside 2LF

Gold 512V
Gold has had a solid run lower on a gorgeous bear channel working with price.

This gave a retrace back into channel highs for an inside 2LF to hop back in for the move lower.

We had a run lower on this one back to the channel lows for 10, 17, and 25 ticks!

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 Review - Selling the BOPB HnRF

Crude 1000V
Crude Oil has had a ton of volume the last few days and we had a huge range day in the making but with a bear channel in the mix.

This gave us a retrace into bear channel highs for a BOPB HnRF to short right back to new lows.

We were able to ride this move lower to completion at 10, 38, and 39 ticks back to lows!

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 Review - Selling the BOPB to new lows on a 2S

Euro 1597V
The Euro had a great start to the day with a bit rise higher that quickly snapped lower on bearishness.

This formed a bear channel working lower that gave us a BOPB to sell back down on a 2S.

We were able to pull this move down for a solid 10, 24, and 31 ticks to the lows on completion!

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!

Monday, August 31, 2015

Trading Strength and Ranges for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 08/31/15



Click here to download today’s charts
"Many of life's failures are people who did not realize how close they were to success when they gave up." - Thomas Edison.
Notes for Tonight’s Newsletter:
Crude Oil looks strong after today’s short-squeeze, while E-Mini S&P, Euro and Gold are trading inside of easy ranges which spells BIG opportunity for Tuesday… are you ready?

Crude Oil is bullish with a spike and channel pattern that tells us to expect a deep correction off the highs for the best buying opportunities, as well as a BIG buyer-failure selling opportunity back to where this week began!

E-mini S&P is trading sideways inside a range which means we will 'fade' each breakout using failure patterns until we see the buyers or sellers successfully hold outside the range with more than 2 attempts.

Gold is range-bound and trading sideways on this last day of the month which means our plan is to sell highs, buy lows, and look for failures of every breakout until we see the buyers or sellers successfully break from of the range and pick a direction.

Euro is trading inside a range which means we our plan is to wait for breakouts and 'fade' each breakout until we see 2 tries to push and we can stay outside the range!



===========================================================
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Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier Live trade-room as an Advanced Member

WAVE Pattern Trading The Gold Futures; SchoolOfTrade.com



Buying the WAVE Pattern Long on Gold allowed us to pick up a solid 40 ticks this morning!

In today's video we see the Gold Futures forming a range day out of which the low side is failing back up in again.

This gave us an opportunity to buy the WAVE Pattern Long and put away a nice and easy $400 on the trade!

E-Mini Dow Futures Day Trading Strategy Review - Selling range highs on a HnR Failure FBH

Dow 800V
The Dow had a huge drop in the ETH morning session but quickly snapped into a range.

This range gave us a great FBH which also came on the back of a HnR Failure adding even more selling emphasis.

We were able to pull this move right back to range lows for 10, 32, and 52 ticks!

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!