Wednesday, March 22, 2017

Market Psychology Strategy Thursday | SchoolOfTrade Newsletter 03/22/17

“My worst days as a trader are still better than the best days doing anything else.”

Crude Oil is bullish with two (2) important channels on the chart, but one of those channels is telling us to wait for proof of more strength, or wait for a deep pullback tomorrow.

E-Mini S&P is bullish and trying to determine if it wants to use a channel or a wedge, which tells us to be ready with two (2) strategies tomorrow.

Gold is bullish and trying to complete a triple measured-move tomorrow, and we have two (2) important clues telling us to be patient and wait for a DEEP pullback before buying more tomorrow.

Euro is bearish and trying to re-test today’s low, but two (2) levels of support, and a very interesting situation of market-psychology tell us to look for a correction before we get there.

FDAX is bullish and trying to return back to the round number at 12,000 tomorrow, but a trading-range on the chart is telling us that we need to avoid buying high, and look for traps tomorrow.

We have some incredible charts to look at tonight, 5 different situations that have all have great market psychology lessons to teach us going into Thursday’s session, and as always, I have a great video for you guys tonight, with plenty of reliable trading opportunities setting-up for tomorrow.

Tuesday, March 21, 2017

4 Spike Trades for Wednesday | SchoolOfTrade Newsletter 03/21/17

“I learned at a very early age, that if you worked harder than your current pay-level you would soon be promoted and paid at the level you are working and wish to be paid.  The secret is simple, just apply the effort and be ready for the opportunity.”

Crude Oil is bearish with an overshoot of a channel low, and with the inventory report tomorrow we will be watching for a bullish correction, using the API levels we found this afternoon.

S&P is bearish with a spike & wedge this evening, and when we combine that with a Double-Down, we have three (3) areas of interest we’re watching tomorrow.

Gold is bullish with a spike & channel this evening, and we’re watching a key resistance trend-line to help find the ideal buying opportunities tomorrow.

Euro is bullish with a spike & range this evening, and the ‘battle zone’ will make for an excellent area to look for buying opportunities tomorrow.

FDAX is bearish with a spike & channel, and we have two (2) support levels on the chart, telling us to stay patient for a correction so we can get a better price to sell tomorrow.

We had some big moves in today’s session, with big spikes either up or down, which means we’re looking for channels, ranges, and wedges going into Wednesday trading session.

Monday, March 20, 2017

Which Channel Works Best? | SchoolOfTrade Newsletter 03/20/17

“The major value in life is not what you get. The major value in life is what you become. That is why I wish to pay fair price for every value. If I have to pay for it or earn it, that makes something of me. If I get it for free, that makes nothing of me.”

Crude Oil is range-bound with a triangle this evening, telling us to ‘fade’ the edges; sell the high, buy the low, and focus on failures using the '2-Try Rule'.

S&P is bearish and trying to finish off a measured-move tomorrow, but one small channel on the chart is telling us that sellers will likely be waiting for higher prices tomorrow.

Gold is bullish and trying to re-test today’s high, but a short-term wedge on the chart is telling giving us two (2) big clues that we can’t ignore tomorrow.

Euro is bearish and trying to re-test a measured-move tomorrow, but we have two channels on the chart, ONE of which is telling us to watch for a ‘trap high’ early in tomorrow’s session.

FDAX is bearish and trying to re-test last Friday’s low, but we’re seeing three (3) big clues on the chart, telling us to look for higher prices before we sell it lower tomorrow.

We’re back after Quadruple Witching, and we have some interesting charts to cover in tonight’s newsletter, with plenty of reliable trading opportunities setting up for tomorrow.

Thursday, March 16, 2017

Quadruple Witching Trading Strategy | SchoolOfTrade Newsletter 03/16/17

“Don’t join an easy crowd; you won’t grow. Go where the expectations and the demands to perform are high… surrounding yourself with people who you want to become!”

Crude Oil is bearish, and this trading-range, combined with three (3) levels of support below us, tell us the best option will be traps tomorrow.

S&P is bearish, and a spike & range is giving us plenty of trading opportunities tomorrow, but we’re sitting on a BIG support level ahead of Quad-Witching, so we will be staying patient.

Gold is bearish after hitting the FOMC target from last night’s newsletter, but we’re sitting at support, which tells us to be watching for two (2) scenarios tomorrow.

Euro is bullish, but we’re reached the target I gave on last night’s newsletter, and the trading-range earlier in the session tells us the next pullback is going to be very important for both sides of the market.

FDAX is bearish, but we have three (3) clues on the chart this evening, telling us tomorrow might be a very sloppy session, and to stay patient for traps.

We’re ready to wrap-up an amazing week in our trade room and our newsletter with a strategy for trading tomorrow’s Quadruple Witching.  

Wednesday, March 15, 2017

Trading the News Breakout | SchoolOfTrade Newsletter 03/15/17

“Don’t set your goals too low. If you don’t want much, you won’t become much.”

Crude Oil is bullish and trying to reach the Inventory target at 49.34 tomorrow, but we have two important clues telling us this market is likely over-extended and to wait for a ‘trap low’ for the best buying opportunities tomorrow.

S&P is bullish and trying to re-test today’s high, but the ‘No Trade Zone’ is just a few points overhead, so we have a specific plan to avoid getting caught ‘buying high’ tomorrow.

Gold is bullish and hunting for a target up at 1228.4, but two levels of resistance on the chart are telling us the most reliable buying opportunities will be after a short-term pullback.

Euro is bullish and hunting for the news target waiting overhead, but we have two important levels of resistance telling us to resist the temptation to chase this move and look for a pullback.

FDAX is bullish, but trading at the high of a channel tells us to be patient to ‘buy the dip’ on the way to the Double-Up target at 89.5 tomorrow.

We survived the FOMC Announcement and 25 basis points later, we have some incredible moves to work with tomorrow, so major targets within reach, and as always, I have a reliable plan of attack for Thursday’s session.

Tuesday, March 14, 2017

FOMC Day Trading Strategy | SchoolOfTrade Newsletter 03/14/17

“Expect The Best, Prepare For The Worst, Capitalize On What Comes.”

Crude Oil is bullish after today’s API Report erased the entire move lower this morning, and this strong spike higher tells us to watch for four (4) specific scenarios tomorrow.

S&P is bullish, but we have two big clues, and one major level of resistance that will give us opportunities to play BOTH sides of the market if the conditions are right tomorrow.

Gold is bearish, but looking closer at the market’s context this evening shows us that the “pendulum swing” was completed, so we’re looking for failures.

Euro is bearish, but sitting at multiple levels of support is telling us to stay patient and find opportunities to ‘sell high’ tomorrow.

FDAX is range-bound, and with price sitting at the high of the range, we’re looking for a “fake-out breakout” to finish the measured-move tomorrow.

We have a BIG day tomorrow; Fed Day, Election Day, Inventory Day, IEA Oil Market Report, the list goes on… and as we do every evening, we have a plan to find reliable trading opportunities as well.