Wednesday, August 20, 2014

3 Steps to Day Trading Success | SchoolOfTrade Newsletter 08/20/14



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"Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning." - Albert Einstein.
Notes for Tonight’s Newsletter:

Misc:
·       Crude Oil and Gold are bearish, while Mini-Russell is Bullish/Neutral
·       Summertime trading kicks in last 2 weeks of August as traders wait for the Labor Day Holiday in early-September
·       NOTE:  Volume has been 15% below 3-week averages
·       Red-Star News tomorrow from Housing and Manufacturing in the US
·       Geo-political impacts continue to fade into the ‘dog-days of summer’
·       Jackson Hole Symposium later this week

Fed Meeting Minutes Overview | Labor Market Improving on Schedule

*(US) FED MEETING MINUTES OF THE JULY 29-30 FOMC MEETING: 
Felt labor market improvement had been faster than expected, conditions noticeably closer to normal

- Labor market conditions improved in recent months according to participants' reports on developments in their Districts as well as a range of national indicators. 

The improvement was reflected not only in a pickup in payroll employment gains and a noticeable decline in the overall unemployment rate, but also in reductions in broader measures of under-utilization such as long-duration joblessness and the number of workers with part-time jobs who would prefer full-time employment. 

Last Chance WAVE Trading The E-Mini Russell Futures; SchoolOfTrade.com



Selling the Last Chance WAVE allowed us to bank a solid 76 ticks on the trade!

In today's video we have the E-Mini Russell Futures attempting to break the previous day's low with strength.


This gave us an opportunity to take the Last Chance WAVE for a profit of $760 on the trade!

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

Russell 6JJBar
The Russell has pushed up to a new reversal high forming a 123 reversal pattern.

I am looking for price to pullback to buy from 1153.1-1152.4 back up to new highs.

The first target will be back at the highs of 1155.1 with the final projection target at 1157.1.

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 pushed down into a new low and falling lower into a reversal WAVE short.

I am looking for price to retrace back to sell from 1295.8-1296.4 back to new lows.

The first target will be near the low at 1294.0 with the final target at the low of 1292.1.

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 support back to new highs

Crude 6JJBar
Crude Oil caught a big push higher this morning but has failed to make another push up.

I am looking for price to dip back to buy at 92.94, 92.73, and 92.61 to buy it right back up again.

The first target will be structure in the middle at 93.14 with the final target back up at 93.58.

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; Selling resistance back to new lows

Euro 6JJBar
The Euro has been sinking lower and lower and has now formed a bit of a fake-break low.

I am looking for price to push higher to sell again at 1.3325 as well as 1.3343 back to new lows.

The first target will be structure in between at 1.3306 with the final target at the low of 1.3275.

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!

Automated Trading Strategy Review - Natural Gas Futures

Nat Gas Auto Trader
Natural Gas had a relatively good week overall taking only 1 trade that qualified under our TREND Auto Trader rules. The market was quite trendy to the downside but the winner actually came in from a buy.

This past week was a bit slower on Natural Gas for the TREND Auto Trader but we still took a solid profit of $1,300 in just ONE trade!




Tuesday, August 19, 2014

Selling-SHORT for Wednesday | SchoolOfTrade Newsletter 08/19/14




"A goal is not always meant to be reached. It often serves simply as something to aim at." -Bruce Lee.
Notes for Tonight’s Newsletter:

Misc:
·       Volume is 15% below averages as we finish the month of August… is it September yet?
·       More good news from the US, bad news from Europe, and de-escalation of violence are moving markets well into the end of August
·       Geo-political impacts are becoming less important as the summer moves into the last 2 weeks of August
·       Crude Oil and Gold pushing lower, Mini-Russell is pushing higher
·       Jackson Hole Symposium later this week

Breakout Trading The SPI 200 Futures; SchoolOfTrade.com



Buying the breakout on the SPI 200 Futures at the open allowed us to bank 19 ticks this afternoon!

In today's video we see the SPI 200 Futures opening up at 1955EST and forming a breakout trade at the open.


This gave us an opportunity to take the breakout trade and bank a solid $475 on the trade!

E-Mini Russell Futures Day Trading Strategy; Buying support back to new highs

Russell 6JJBar
The Russell has pushed to new highs where we had a bit of a stall at those highs failing to push higher.

I am looking for price to fall a bit lower to buy at 1155.4, 1151.5, and 1151.0 back up to test new highs.

The first target will be structure in the middle at 1159.4 with the final target at 1163.1.

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 resistance back to new lows

Gold 6JJBar
Gold has dropped down to a fake-break low and is now starting to bounce higher.

I am looking for prices to rise higher to sell at 1300.5 as well as above that at 1302.6 back to the lows.

The first target will be the BMT's in t he middle around 1298.5's with the final target at 1294.6.

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; Selling the WAVE to new lows

Crude 6JJBar
Crude Oil has had another BIG down day dropping prices lower once again.

I am looking for price to retrace a bit back up to sell from 93.72-93.82 back to new lows.

The first target will be near the lows at 93.36 with the final projection target below at 93.00.

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; Selling the WAVE to new lows

Euro 6JJBar
The Euro has caught a big block of selling pressure dropping it lower into a 456 WAVE.

I am looking for price to retrace back up to sell once again from 1.3366-1.3377 back to new lows.

The first target will be near the lows at 1.3329 with the final target lower at 1.3292.

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!

Automated Trading Strategy Review - E-Mini Russell Futures

Russell Auto Trader
The Russell had a great week overall if a bit slow. The market has been moving quite nicely in a trendy environment which is typically a bit more challenging for the FLEX Auto Trader.

This past week the FLEX Auto Trader brought in a solid profit of $650 on some VERY strong stats overall to wrap up a solid week of trading!