Thursday, April 27, 2017

Trade the Price-Action Story | Crude Oil, Emini, Gold, Euro, FDAX - 04/27/17



“I’ve come to believe that all my past failure and frustrations were actually laying the foundation for the understandings that have created the new level of living I now enjoy.”


Crude Oil is bullish with two channels this evening, both of which telling us to look for buying opportunities at prior support levels on the chart, with a potential target going back to the $50 round number tomorrow.

S&P looks bullish at first, and it may end up that way tomorrow, but the buyers need to show us some PROOF before we look for buying opportunities, and until then, we’re keeping our eye on a re-test of today’s low.

Gold is sideways and range-bound this evening, right on top of the prior month high, making our plan simple tomorrow; buy the low, sell the high, and avoid the middle.

Euro is bearish and trying to re-test today’s low, but three levels of support, and a key trend-line are telling us to wait for a better selling-opportunities with a ‘trap high’ tomorrow.

FDAX is bearish and trying to re-test today’s low, but we have a support trend-line getting in our way, so the plan is to look for selling-opportunities up at a key resistance level waiting overhead.

Wednesday, April 26, 2017

End of Month Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX - 04/26/17



“Any time you sincerely want to make a change, the first thing you must do is to raise your standards. Write down all the things you will no longer accept in your life, and all the things that you aspired to become… and go take action!”


Crude Oil is bearish, and we have two (2) important clues from today’s inventory report telling to look for selling-opportunities up in the ‘battle zone’ tomorrow.

S&P is bearish, but this recent strong breakout tells us to stay patient, looking for more reliable selling-opportunities up at overhead resistance levels tomorrow.

Gold looks bullish at first glance, but we’re range-bound, and our plan is to look for the '2-Try Rule' to sell back down into the range tomorrow with the properly entry trigger.

Euro is bearish and trying to re-test today’s low, but we have a key support level getting in our way before we can commit to jumping in short tomorrow.

FDAX is bearish, but this recent collapse off the highs was so strong that we need to stay patient for more reliable selling-opportunities up at a key resistance area overhead.

Tuesday, April 25, 2017

Trade the ‘2-Legged Correction’ | SchoolOfTrade Newsletter 04/25/17



“If you want to be successful, find someone who has achieved the results you want, model your actions similar to theirs, invest your time with dedication, and you’ll soon achieve the same results.”


Crude Oil looks bullish at the low of a channel this evening, but the recent API report sent prices tumbling off the highs with such strength, we’re looking for selling-opportunities using a ‘2-legged correction’ tomorrow.

S&P is bullish with a Spike & Channel and we have a falling resistance trend-line giving us a great opportunity to ‘buy the dip’ tomorrow with a ‘2-legged pullback’.

Gold is bearish with a Spike & Channel this evening, and we’re watching a key support level on the chart that may make our job ‘selling high’ a lot more difficult tomorrow if we’re not paying attention.

Euro is bullish and we have a channel and a resistance trend-line giving us plenty of information to find some reliable buying opportunities tomorrow.

FDAX is bullish with a triangle this evening, and we have an important resistance level from yesterday’s session giving us all the information we need to formulate a plan for tomorrow.

Monday, April 24, 2017

Spike & Range Trading Strategy | SchoolOfTrade Newsletter 04/24/17



“People who fail to achieve their goals usually get stopped by frustration. They allow frustration to keep them from taking the necessary actions that would support them in achieving their desire. You get through this roadblock by plowing through frustration, taking each setback as feedback you can learn from, and pushing ahead. I doubt you’ll find many successful people who have not experienced this. All successful people learn that success is buried on the other side of frustration.”

Crude Oil is bearish with a Spike & Range this evening, and there is one (1) specific price level on the chart that we will be watching closely tomorrow.

S&P is bullish with a Spike & Range this evening, which gives us three (3) scenarios to prepare for tomorrow.

Gold started the session bearish, but two (2) clues on the chart are telling us to look for short-term buying opportunities for an overnight gap-fill tomorrow.

Euro is bullish trying to finish an easy end-of-month target, and a triangle on the chart tells us exactly where (and where not) to be trading tomorrow.

FDAX is bullish with a runaway market today, and one simple clue tells us exactly where to look for buying opportunities tomorrow.

Thursday, April 20, 2017

Trading the Fake-Out Breakout | SchoolOfTrade Newsletter 04/20/17



“Once you have mastered time, you will understand how true it is that most people overestimate what they can accomplish in a year – and underestimate what they can achieve in a decade!”


Crude Oil is bearish with a wedge, but we have four levels of support on the chart for tomorrow, so our plan is to look for a ‘2-legged correction’ to sell high.

S&P is bullish and trying to re-test last week’s high, but we have three major resistance clues on the chart that we need to address first.

Gold is trading inside a range this evening, so our plan is fade the edges, but a recent change in market sentiment is telling us to be prepared for a possible bullish breakout tomorrow.

Euro is bearish with a Spike & Channel this evening, but we have two levels of support telling us to beware chasing this strong move lower, and look for a ‘trap high’ up at resistance overhead. 

FDAX is bullish with and trading at the high of a Spike & Channel this evening, and we have two clues on the chart telling us to make sure we buy as low as possible tomorrow to avoid a fake-out breakout.

Wednesday, April 19, 2017

Trading a Runaway Market | SchoolOfTrade Newsletter 04/19/17



“Most people have no idea of the giant capacity we can immediately command when we focus all of our resources on mastering a single area of our lives.”


Crude Oil is bearish as it tumbled lower today, but this market has likely moved ‘too far, too fast’ and sellers will be weary of selling these lows, even with the possibility of testing the $50 level tomorrow. 

E-Mini S&P is bearish with a channel and wedge this evening, undoubtedly being dragged lower by the price of oil this afternoon, but we have two clues on the chart telling us to stay patient for a ‘2-legged correction’ to sell more tomorrow.

Gold is bearish, but the sellers recently tried twice to re-test the low and appear to be failing, which tells us to use this recent spike & channel if the bulls can take control tomorrow. 

Euro is bearish with a wedge this evening, telling us to look for selling-opportunities up at resistance levels for a reliable sell down to the target tomorrow.

FDAX is bearish with a strong move back to the round number this evening, and we can assume that sellers will likely take profit at these lows, and look for a better place to sell more tomorrow.