Tuesday, September 16, 2014

*NEW* Course Materials added to SchoolOfTrade.com \ Trading Theories & Trader Psychology







We are excited to announce the completion of a 
*NEW* Beginner Course at SchoolOfTrade.com! 

This new course has all new information, including a special new section on Day Trading Theories and Trader Psychology!

Log into your account HERE and start learning!

Day Trading Theories you will learn:
·       Self-Fulfilling Prophesy
·       Probability Theory
·       Wisdom of Crowds
·       Elliot Wave Principle
·       Chaos Theory & Fractals
·       Fibonacci & Golden Ratio
·       Dow Theory
·       Gann Theory
·       Wyckoff Theory
·       Auction Market Theory
·       Market-personality

Trader Psychology you will learn:
·       Trader Psychology 101
·       4 Stages of Emotions
·       The Butterfly Strategy
·       Trader's Mindset
·       20 Traits of a Success
·       The Discipline Cycle
·       Psychology of the Markets

Trader Technology you will learn:
·       Set-Up your Home Office

·       Set-Up your Day Trading Computer

Monday, September 15, 2014

Harmonic WAVE Pattern Trading The Crude Oil Futures; SchoolOfTrade.com



Buying the harmonic support near the highs allowed us to pick up 79 ticks on the way back to the highs!

In today's video we see the Crude failing follow through to the highs and dropping back to test support.

This gave us an opportunity to buy the rejection of the lows to pocket a solid $790 on the trade!

Sunday, September 14, 2014

How to Make Better Day Trading Decisions | 5-Video Series

Making Better Decisions & Decision Theory

This is an excellent 5-video series about the science and psychology behind the act of making a decision.  Professional traders hone the skill of decision-making and this is an excellent starting point for a new trader.




Saturday, September 13, 2014

Weekly Recap: Commodities Collapse and E-Mini's Consolidate ahead of 3rd Week of September







Wow, what a 2nd week of September we had!  Gold and Crude Oil prices collapsed to 9-month lows, and the Equity markets began to show their first signs of weakness in a very long time.  Europe is dealing with a mess, and Chinese data suggests there may be more on the way! 

If you missed the action this week, here’s your chance to catch up and be ready for next week!
European and US stock indices ground lower all week, commodity prices fell and the dollar only strengthened as global markets prepared themselves for next week's Fed meeting.

Anticipation is building that the FOMC will make material changes to the way it talks about its policy exit. On Tuesday, CNBC's Fed watcher Liesman said there was a good chance the Fed could alter or drop its "considerable time" language next week, as both hawks and doves have been increasingly critical of "date-based forward guidance" versus an economy-driven policy.

In Europe, attention has been squarely focused on the upcoming Scottish independence referendum as for the first time polling data has shifted enough to make a UK break up a distinct possibility.

In Japan, the final reading of Q2 GDP showed the measure to be even worse than the first go-round, raising hopes the BoJ may ride to the rescue after all, helping the Nikkei gain 1.5% on the week.


For the week, the DJIA fell 0.9%, the S&P declined 1.1% and the Nasdaq slipped 0.3%.

Thursday, September 11, 2014

5 Day Trading Strategies for Friday | SchoolOfTrade Newsletter 09/11/14



Click here to download today’s Charts + BONUS Charts!

“Study while others are sleeping; work while others are loafing; prepare while others are playing; and dream while others are wishing.”–William Arthur Ward

Notes for Tonight’s Newsletter:

Misc:
·       Today we remember 2,977 people who lost their lives 13 years ago on September 11, 2001, which include 4 airplanes, the Twin Towers, and the Pentagon.  “We will NEVER forget.”
·      Woah… what a trading opportunity we had today!!
·       Gold keeps moving lower, tests 1235.0 while hitting ALL of our profit-targets on the way down!
·       Crude Oil tumbles overnight (as we called last night) and tested our profit-target at the lows of the bear price channel before bouncing and returning back to the highs for yet ANOTHER winning trade-call on Crude Oil Futures
·       Mini-Russell buyers held off the sellers for yet another session today, trading at the highs of the range and giving us fresh buying opportunities for Friday and next week.
·       Overnight; Chinese Consumer Prices tumble to 4-month lows, which explains the drop in Crude Oil prices before the US Session began
·       Red-Star News on Friday = Retail Sales (very important)
·       Geo-political; New Sanctions against Russia are being drafted by the US, EU, and pretty much everyone else except China (shocker).
·       Contract Rollover on E-mini Futures to 12-14
·       Next Week is Quadruple Witching (3rd week of September)

Channel Reversal Trading Crude Oil Futures For HUGE Profits; SchoolOfTrade.com



Buying the channel failure at the lows allowed us to bank an absolutely massive 170 tick winner today on Crude Oil!

In today's video we see the Crude breaking the channel and failing to push lower with a lot of rejection.

This gave us an opportunity to buy the rejection of the lows and bank a massive $1,700 on the trade with only 3 contracts!

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

Russell 6JJBar
The Russell has had a nice push back to the highs with a cross in the middle for a WAVE Pattern Long.

I am waiting for price to pullback a bit to buy from 1160.5-1159.5 to push right back up again.

The first target will be up at 1163.8 with the final projection target above at 1167.1.

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 had a nice drop lower this morning pushing into its 9th WAVE Pattern lower.

I am looking for price to retrace back to sell from 1241.9-1243.5 to drop price to the lows once again.

The first target will be near the lows at 1236.9 with the final target lower at 1231.7.

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!

Crude Oil Futures Day Trading Strategy; Buying the Last Chance WAVE to new highs

Crude 6JJBar
Crude Oil has pushed to a new high once again and is working on its 7th WAVE higher.

I am looking to buy from 91.68-91.57 to push price back up to new highs once again.

The first target will be near the highs at 92.02 with the final target above at 92.22.

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 had a nice little push to a new low but quickly reversed for a fake-break low.

I am waiting for price to push up to resistance to sell at 1.2967 right back to the lows again.

The first target will be at the BMT's in the middle of the move at 1.2926 with the final target at 1.2884.

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 - Gold Futures

Gold Auto Trader
Gold has had a VERY busy week taking quite a few trades and banking us some serious profits to pad our pockets with! We have had a nice healthy down trend all week allowing the TREND Auto Trader to make some very nice trades!

We took a total profit this past week of $2,820 while also maintaining some HUGE stats for the week for the trades that we had taken!



Wednesday, September 10, 2014

9 Trade Set-ups for Thursday | SchoolOfTrade Newsletter 09/10/14




I am the American Dream.  I am the epitome of what the American Dream basically said.  It said you could come from anywhere and be anything you want in this country.  That’s exactly what I've done.”
Notes for Tonight’s Newsletter:

Misc:
·       E-mini’s & Equities rise after a week of profit-taking
·       Crude Oil continues to tumble lower, testing $91.00
·       Gold keep going lower, tests the 1245.0 level
·       New ‘diplomatic solution’ being drafted between Russia and Ukraine (if anyone cares)
·       OPEC revises their 2015 global demand outlook for Crude Oil (lower)
·       Tomorrow (09/11) we remember the day that changed the world FOREVER.

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



Buying the Last Chance WAVE back to the highs allowed us to bank 108 ticks on the trade this morning!

In today's video we see the Russell looking like it is going to be consolidated and rejecting the PLOD.

This gave us an opportunity to buy the Last Chance WAVE back up for a profit of $1,080.

E-Mini Russell Futures Day Trading Strategy; Selling resistance back to new lows

Russell 6JJBar
The Russell has been slowly pushing lower and lower with very small lows giving us a fake-break to sell.

I am waiting for price to rise higher to sell at 1161.7 right back down to new lows.

The first target will need to be at the BMT's around 1157's with the final target at 1153.0.

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 rejected the BMT highs and has fallen into a new low for us to sell.

I am looking to sell from 1249.8-1250.3 as well as higher at 1251.0-1251.5 back to new lows.

The first target will be near the lows at 1248.2 with the final projection at 1246.6.

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!