Thursday, April 23, 2015

5 Trades for Friday | SchoolOfTrade Day Trading Newsletter 04/23/15




“The best way to predict the future is to create it.”  – Joseph James

Notes for Tonight’s Newsletter:

The bulls took control in today’s session, but we are still range-bound on both Crude Oil and Gold heading into Friday.  We have a solid plan of attack for both the bulls and bears tomorrow… are you ready?

Crude Oil is back trading at the range-highs again this evening, just as we had expected last night, but there are some big clues in volume that suggest this price may go right back to where it came from tomorrow.

Gold is back in the middle of its range this evening, and we have some very interesting opportunities for both the bulls and the bears going into Friday’s session.




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Price Action Trading The Euro Currency Futures Channel Pattern; SchoolOfTrade.com



Buying the first channel test allowed us to pick up a phenomenal move higher and 104 ticks along the way!

In today's video we see the Euro taking a deep pullback to the channel with a bit of a stop run low into immediate buying.

This gave us an opportunity to buy the test and put away $1,350 on the trade with only 4 contracts!

E-Mini Russell Futures Day Trading Strategy; Buying support back for a high test

Russell 6JJBar
The Russell has had a big push lower and is now failing to revisit the highs.

I am looking to buy at 1253.6, 1249.8, and 1248.7 to push prices back up once again.

The first target will come off in the middle at 1258.1 with the final target above at 1261.7.

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; Selling the large WAVE to new lows

Gold 6JJBar
Gold is slamming lower after the large WAVE has begun being tested.

I am looking to continue selling from 1190.5-1192.2 and push prices lower.

The first target will come off at 1185.3 with the final target lower at 1179.8.

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; Buying the WAVE to new highs

Crude 6JJBar
Crude Oil has been pushing up from the lows strongly and is now above the BMT's in a WAVE long.

I am looking to buy from 56.19-56.10 to push prices back up to the highs.

The first target will come off at 56.47 with the final target above at 56.76.

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; Buying the WAVE to new highs

Euro 6JJBar
The Euro has held support from yesterday perfectly and is rejecting into its 7th WAVE higher.

I am looking for prices to pullback to buy from 1.0749-1.0738 and push prices higher.

The first target will come off at 1.0784 with the final target above at 1.0804.

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!

Wednesday, April 22, 2015

3 Trading Strategies for Thursday | SchoolOfTrade Day Trading Newsletter 04/22/15




“Success seems to be connected with action. Successful people keep moving. They make mistakes but don’t quit.”  

Notes for Tonight’s Newsletter:

Crude Oil looks mighty CONFUSED after today’s Inventory News, but we have a strategy for tomorrow… and Gold is setting-up for another reversal off the range-lows on Thursday… are you ready for tomorrow?

Crude Oil is looking confused this evening, after today's inventory report surprised buyers with another large build, and we have opportunities in both directions tomorrow!

Gold is bearish this evening, but trading down at the lows of the range, which tells us to look for the sellers to try and fail at these lows for some easy buying opportunities as we had back towards the $1200 big round number.




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WAVE Pattern Trading The Crude Oil Futures; SchoolOfTrade.com



Buying the grinding WAVE Pattern's higher allowed us to pick up a solid 56 ticks this morning!

In today's video we see Crude Oil grinding its way higher on inventory Wednesday and looking to keep this movement up.

This gave us an opportunity to buy the WAVE Long and put away $560 on the trade in just a few minutes!

E-Mini Russell Futures Day Trading Strategy; Buying the Late WAVE to new highs

Russell 6JJBar
The Russell has had a great rise higher into a 123 reversal WAVE Long.

I am looking to buy from 1255.5-1254.0 and push prices back up once again.

The first target will come off at 1260.5 with the final target above at 1265.5.

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; Selling the WAVE to new lows

Gold 6JJBar
Gold has had a gorgeous drop lower and is now setting up a continuation WAVE short.

I am looking to hop in the sell side at 1192.8-1193.9 and push prices back down again.

The first target will come off at 1189.1 with the final target lower at 1185.4.

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; Buying the WAVE to fresh highs

Crude 6JJBar
Crude Oil has had a great rise higher and is now pulling back for the full WAVE Long.

I am looking to buy from 56.26-56.13 and push prices back up to test the highs.

The first target will come off at 56.66 with the final target above at 57.08.

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; Buying support back for a high test

Euro 6JJBar
The Euro has formed a fake-break high and is now fading off into formed support.

I am looking to buy from 1.0671 and 1.0619 to push prices right back up once again.

The first target will come off near the middle at 1.0750 with the final target above at 1.0809.

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, April 21, 2015

Day trading strategy for Wednesday | SchoolOfTrade Day Trading Newsletter 04/21/15




“There are only two rules for being successful. One, figure out exactly what you want to do, and two, go do it.” 

Notes for Tonight’s Newsletter:

Gold and Crude Oil are giving us easy trading opportunities around the highs and lows of these trading-ranges.  Gold tells us to stay patient while Crude Oil is right where we want it… are you ready for tomorrow?

Crude Oil is trading at the lows of the range this evening ahead of tomorrow's inventory report, and the long-term bullish trend tells us there will likely be some great buying opportunities at the support levels down at these lows for tomorrow.

Gold is trading back in the middle of the range this evening which means our plan for tomorrow is to stay patient for buying opportunities at the lows and selling opportunities at the highs while using $1200 as our target.



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Are you a Crude Oil Trader? Click here to trade Crude Oil
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Are you a Gold Trader? Click here to trade Gold
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Price Action Trading The Gold Futures Spike and Ledge Pattern; SchoolOfTrade.com



Selling the breakdown of the Spike and Ledge Pattern on Gold allowed us to pick up a gorgeous 98 ticks this morning!

In today's video we see Gold collapsing down after the Spike and Ledge and kicking back into the EMA for a re-entry.

This gave us an opportunity to hop on board with the move and put away $980 on the trade!

E-Mini Russell Futures Day Trading Strategy; Buying support back for a high test

Russell 6JJBar
The Russell has been having a bit of failure at the highs and is now trudging lower.

I am looking to buy support at 1258.6, 1254.4, and 1252.6 to push prices back up again.

The first target will come off near the middle at 1263.6 with the final target above at 1268.2.

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!