Thursday, January 19, 2017

5 Ways to Trade Friday | SchoolOfTrade Newsletter 01/19/17



“If you are not willing to risk the unusual, you will have to settle for the ordinary.”

Crude Oil is range-bound and price is bullish as the buyers take price back inside the narrow range where price spent most of the day.

E-Mini S&P is bearish and trying to re-test the low after a big overshoot of the channel sent prices correcting higher to finish the session. 

Gold is bullish and trying to finish rotation back to the high of a megaphone this evening, which tells the buyers they have short-term opportunities to buy the next pullback.

Euro is bullish and trading at the measured-move this evening, which tells the buyers to look for a 2-legged pullback to a previous level of support, so they can ‘buy low’ for a target going back up to re-test the high.

FDAX is bearish and trading at the measured-move this evening, which tells the bears to be looking for selling-opportunities after a 2-legged correction off the low.

Wednesday, January 18, 2017

6 Trades for Thursday | SchoolOfTrade Newsletter 01/18/17



“Formal education will make you a living; self-education will make you a fortune.”

Crude Oil is bearish and trying to finish off a measured-move target this evening, but after such a strong move lower today we can assume that sellers will be patiently waiting for a higher price to sell tomorrow ahead of the Inventory Report.

E-Mini S&P is trading inside a range this evening, which means our plan remains the same; buy low, sell high, avoid the middle, using the '2-Try Rule' to fade the breakouts of the range.

Gold is bearish after price collapsed just after lunch this afternoon, and the move lower was so large that we assume sellers will be weary of selling this low and will look for selling-opportunities up at higher prices tomorrow. 

Euro is bearish and trading just below the low of a bear channel this evening, which tells the sellers to look for a successful breakout-pullback below the Double-Down or wait for a correction up in the ‘battle zone’ tomorrow. 

FDAX is bullish and trying to finish rotation to the high of a bull channel after a perfect pullback to the ‘battle zone’ from last night’s newsletter sent prices soaring higher to finish the session. 

Tuesday, January 17, 2017

Looking for Traps Wednesday | SchoolOfTrade Newsletter 01/17/17



“If someone is going down the wrong road, he doesn’t need motivation to speed him up. What he needs is education to turn him around.”

Crude Oil is bearish and trying to finish off the measured-move this evening but the candlesticks are telling us that sellers may not be interested in selling this low, so we’re waiting for a retracement.

E-Mini S&P is sideways and trading inside a range this evening so our plan is to sell high, buy low, and use the '2-Try Rule' tomorrow.

Gold is bullish and trying to re-test today’s high, but a recent triangle on the chart tells us the most reliable buying opportunities will likely be after a trap below the low.

Euro is bullish and just inches away from re-testing the high, so the plan is to look for a successful breakout-pullback or wait for traps.

FDAX is bullish and trading with a spike & triangle this evening which tells us to look for traps at the lows, or a strong breakout through the highs.

Thursday, January 12, 2017

5 Trades for Friday | SchoolOfTrade Newsletter 01/12/17



“Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.”

Crude Oil is bullish and trying to re-test the highs, but we’ve started trading sideways in the middle of today’s range, which tells the buyers to look for ‘traps’.

E-Mini S&P is bullish and trading inside a multi-tiered channel, which tells the buyers to look for trading opportunities at levels of support below the channel.

Gold is bearish and trading with a channel, so the plan is to sell the highs, but we have the $1200 round number that may spoil the fun.

Euro is bearish, trying to finish rotation back to the lows, and looking for trading opportunities up at the highs of a bear channel.

FDAX is bearish and trying to re-test the low, but a rising support trend-line is in the way and giving the buyers a big opportunity to grab control and fill the gap left open from last night’s close. 

Wednesday, January 11, 2017

Thursday’s Trading Strategy | SchoolOfTrade Newsletter 01/11/17



“The tragedy in life doesn’t lie in not reaching your goal. The tragedy lies in having no goal to reach.”

Crude Oil is bullish with a spike & channel, trying to re-test the highs after today’s inventory report sent prices racing higher. 

E-Mini S&P is bullish after a strong run higher to finish out the session today, telling buyers to be looking for a pullback and a re-test of the highs tomorrow. 

Gold is bullish, but after an overshoot of the channel, I’m expecting the most reliable buying opportunities to be after a deep two-legged correction.

Euro is bullish and trading with a spike & range, telling the buyers to be looking for buying opportunities as price pulls back to support levels tomorrow. 

FDAX is bullish with a flag pattern, telling the buyers to look for a successful breakout-pullback using the falling resistance trend-line coming overhead. 

Tuesday, January 10, 2017

8 Ways to Trade Wednesday | SchoolOfTrade Newsletter 01/10/17



“If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception; it is a prevailing attitude.”
Crude Oil is bearish and trading at the low of a channel this evening as sellers wait for a correction to sell more tomorrow.

E-Mini S&P is bearish and trying to re-test today’s lows after the buyers failed to hold a late-session rally.

Gold is bullish, but trading into a measured-move tells the buyers to avoid ‘buying high’ and wait for a move back to the lows.

Euro is bearish and trading near the low of a channel and possible wedge this evening, telling sellers to focus on selling the highs tomorrow.

FDAX is range-bound and trading in the middle of a triangle this evening, telling both sides to stay patient.