Thursday, July 21, 2016

Friday's Trading Plan | Crude Oil, Gold, E-mini & Euro Futures 07/21/16



"My daily goal is to do something that will get me closer to a better tomorrow."
Notes for Tonight’s Newsletter:
We had some incredible trading opportunities today across all of our favorite markets and with some big moves today we know that tomorrow is setting-up to be another big Summer-Friday; Crude Oil and the S&P are bearish while Gold is bullish and Euro is trading sideways.

Market Psychology Of A Trap Morning On Crude Oil Futures; SchoolOfTrade.com



We came in today to find Crude Oil playing a bit of the trap game sticking buyers in a bad position before dropping the bottom out. This initially looked as though it was going to go range bound for the rest of the day.

We then had a strong sentiment shift with buyers once again not able to get back to highs and sellers dominating the market and slamming the market lower for a new bear trend potential for the short term movement.


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



Coming in today we see a strong bear sentiment to kick the day off but it completely began falling apart with both sides of trade seeing bad follow through. This gave us clues that, although bears have control, the prior swing lows may be all the market is able to get before buyers begin jumping in again.

This back and forth range environment can give very big clues on how to approach the market and trade it correctly. With all of the failures on both sides, there isn't a good reason anymore to look for a big breakout to continue, but instead, looking to take profit if the breakout does occur.

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Wednesday, July 20, 2016

8 Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 07/20/16



"Learn from yesterday, live for today, hope for tomorrow." -Albert Einstein
Notes for Tonight’s Newsletter:
Another day filled with opportunity comes to an end but we're only moments away from the opening bell in Asia and tomorrow is setting-up for another big session; Crude Oil and the S&P are bullish while Gold and Euro are bearish going into Thursday's session.

Market Psychology Of A Strong Trend Morning On The E-Mini S&P500 Futures; SchoolOfTrade.com



This morning we opened up on the ES with a strong bear candle looking for sellers to likely fill the gap down at 2158.00. This never achieved good continuation though before sellers lost interest and flipped the other way to go long.

We saw further confirmation of this giving up of the sellers right at the highs with a big burst breakout above the RTH high showing buyers still having a TON of interest for a strong trend continuation move!


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Price Action Trading The Runaway Market On The E-Mini S&P500 Futures; SchoolOfTrade.com



We came in today to see the S&P in somewhat of a range with buyers and sellers in a balance but after the move higher post open, we knew that the buyers had full intention and the sellers were likely stuck and just hoping to get out.

This will create a situation where any good looking bear setup candle will likely be a trap for buyers to slam right back in again and push the market higher back to new highs trapping more sellers on the wrong side of trade.

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Tuesday, July 19, 2016

4 Traps to Avoid Wednesday | Crude Oil, Gold, E-mini & Euro Futures 07/19/16



“By recording your dreams and goals on paper, you set in motion the process of becoming the person you most want to be. Put your future in good hands — your own.”
Notes for Tonight’s Newsletter:
Markets were a bit choppy today with some narrow ranges that surely reinforced the importance of buying low, selling high and following our trading rules but that’s not slowing us down from finding some excellent opportunities in tomorrow's session; Crude Oil and Euro are bearish, while the S&P and Gold are both range bound this evening.

Market Psychology Of A Full Range Morning On Crude Oil Futures; SchoolOfTrade.com



We came in this morning to find Crude Oil in a range after we opened up which has been the story for the past month it seems. Today was a FULL range though meaning we are seeing very obvious two-sided trading in that buyers are buying low and sellers are selling high but even above every candle.

With this aggressive of a range sentiment we know that any breakout move, or even strong move, is likely going to be faded so we are looking to use this to our advantage and look to fade at every chance that we can get!


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Are you a Gold Trader? Click here to trade Gold
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Price Action Trading The Market Mistake On Crude Oil Futures; SchoolOfTrade.com



We came in today to find Crude Oil in what we would call a multiple trend type day. This means that, although we can have a strong trend in one direction, it can be taken down and pushed in the opposite direction with just as much strength.

We had a great sign of failure from the buyers at the highs of a move on market mistake movement which slammed right back down allowing the sellers to begin their descent lower into a bear trend working down to the lows of the day!


===========================================================
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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
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Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member

Monday, July 18, 2016

6 Trades for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 07/18/16



“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.”
Notes for Tonight’s Newsletter:
If today's volatile markets are any clue for the rest of the week we should have no problem finding plenty of trading opportunities across our favorite futures markets; Crude Oil is bearish, S&P and Euro are bullish and Gold is trading sideways inside a range as we head into Tuesday.