Trade the News Weekly Market Update: Cold Weather, Cold War

Hope everyone had a profitable week of trading! 
- Joseph James & Team

- The S&P 500 notched new all-time closing highs this week and not even the prospects of war in Ukraine managed to unseat the relentless bid. Ukraine became a central issue after Russian troops occupied Crimea without a shot fired and the Ukrainian province prepared to legitimize the move via referendum. 

In Europe, ECB President Draghi was more hawkish than expected and resisted calls to offer additional accommodation or even say the word deflation. At China's National People's Congress, Beijing unveiled its official 2014 targets, most notably maintaining the 7.5% GDP objective for the third year in a row and set the inflation target at 3.5%. 

Sideways Double Top Trading E-Mini Russell Futures; SchoolOfTrade.com

In today's video we see an AWESOME opportunity given to us by the Russell! We know that the past few days have been VERY sideways on the Russell so instead of looking for trend trades, we looked to take counter-trend trades which got us in to a gorgeous Double Top pattern short to fill our targets below for a nice profit of $400!

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has caught a VERY strong sell off over the past few days dropping price down to a low of 100.13 where the buyers ended up stepping in and pushing it back up. We are now nearing the BMT which will begin to act as a magnet so I will be looking to buy this market higher into the BMT at 102.32. From there, if we reject it, I will look to sell and if we break above it I will look to buy higher.

Come join us in the room and see how we do it!

Automated Trading Strategy Review - E-Mini Russell Futures

Russell 60-Minute

The Russell has been catching a HUGE run higher and has been trending quite a bit to the upside, but over the past few days we have seen price completely flatten out while everyone is digesting this large price movement. This massive trending higher has given the TREND Auto Trader more than enough opportunity to profit on these large moves up and kept it out of the chop for the most part allowing us to bank a MASSIVE $3,370 this past week!

Come join us in the room and see how we do it!

Day Trading Gold, Crude Oil, E-Mini Russell | SchoolOfTrade Newsletter 03/06/14

“I can’t imagine a person becoming a success who doesn't give this game of life everything he’s got.” – Walter Cronkite

Reflections from Today:

·       Today’s Trades:

o   Crude Oil: Selling opportunities down to 100.30

o   Gold:  Buying opportunities after ECB Announcement

o   Mini-Russell: Range-bound market, sell highs & buy lows

·       Markets Today:

o   Crude Oil: 195-ticks (+0.90%) @ 101.89

o   Gold: 226-ticks (+1.03%) @ 1350.6

o   Mini-Russell: 83-ticks (-0.15%) @ 1203.6

·       News Today:

o   ECB Rate Announcement sends Gold higher

o   Jobless Claims push lower ahead of Non-Farm Payrolls (3-mo lows)

o   Factory Orders come out lower than expected

o   Ukraine:  Crimea Parliament votes to join Russia, Ukraine disagrees, US and EU call it

·       This Day In History:

o   Mar 6, 1899:  Friedrich Bayer & Co. patent Aspirin; rumors surround WHO created it

o   Mar 6, 1926: Alan Greenspan is born in New York City

o   Mar 6, 1930:  Clarence Birdseye invents ‘quick freezing’ technology;

§  Frozen foods hit store shelves in Mass. for the first time

§  Company sold Goldman Sachs for $22M, later becomes General Foods Co.

o   Mar 6, 1959:  Texas Instruments introduce the first ‘integrated circuit’, known today as the ‘microchip’.

o   Mar 6, 1981:  Walter Cronkite, “the most trusted man in America” retires from Evening News, replaced by Dan Rather

§  Cronkite:  only non-NASA recipient of Moon-Rock Award

§  Cronkite:  famous for saying, “and that’s the way it is”

§  Cronkite:  passed away on July 17, 2009

o   Mar 6, 1997:  Queen Elizabeth II launches the first ‘Royal Website’

·       News Tomorrow

o   8:30am EST:  (US) Non-Farm Payrolls

o   8:30am EST:   (US) International Trade

Economic News for Tomorrow:

Friday's News Schedule

Tomorrow is one of the most important days in the month of March; the first Friday of every month is when we see the release of the Non-Farm Payroll Jobs Report. 

Day Trading with Symmetrical Triangle Patterns; SchoolOfTrade.com

In today's video we take a look at Symmetrical Triangles as both a pattern and a potential trade setup! 

This is a fantastic advanced price action trade setup that we can use on any time frame and any market and it works quite well!

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has caught a significant amount of selling pressure yesterday where we saw prices fall from the highs back in the 103's all the way down to upper 100's. This sell off extended the wedge lows where we had a bit of buying come in but eventually fell lower again. I am looking to sell this down to demand at 100.37 but also buy up to retest the wedge lows around 101.10 or so.

Come join us in the room and see how we do it!

Automated Trading Strategy Review - Gold Futures

Gold Auto Trader

Gold has been catching some pretty nice price action over the past week or so giving us some nice price ranges to trade inside. This increase in volatility gave us several opportunities to hop on board with the FLEX Auto Trader to bring in some solid profits! Overall in the past week, we were able to pocket a solid $480 with some pretty interesting trading stats all in all!

Come join us in the room and see how we do it!

5 Ways to Trade Crude Oil for Thursday | SchoolOfTrade Newsletter 03/05/14

Winston Churchill

A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. - Winston Churchill

Reflections from Today:

·       From Yesterday:

o   Crude Oil:  Short < 102.62, Profit-target @ 101.02

§  Wait for Inventory News @ 1030am

o   Gold: Buy @ 1333.3, Profit-target @ 1340.4

o   Mini-Russell: sideways-trading-range, buy lows, sell highs

·       Markets Today:

o   Crude Oil: 268ticks, (-2.30%) @ 101.95

o   Gold: 93ticks, (+0.21%) @ 1337.3

o   Mini-Russell: 67ticks, (-0.07%) @ 1204.6

·       News Today:

o   ADP Employment Report comes in lower (139k v. 150k)

o   ISM Non-Manuf:  comes in lower, blame it on weather

o   Crude Oil Inventories:  inventories higher, demand lower (bearish)

o   Beige Book: Bad Weather, 8 of 12 districts growing, waiting for March numbers before more taper-talk

·       This Day In History:

o   Mar 5, 1770:  Boston Massacre occurs, pre-revolution anger towards British Troops

o   Mar 5, 1946:  Winston Churchill delivers the famous ‘Iron Curtain’ speech about the USSR.

o   Mar 5, 1963:  The Hula-Hoop was patented in the US, selling 25-million in 4-months.

o   Mar 5, 1997:  North and South Korean representatives met for the first time in 25 years for Peace Talks

·       News Tomorrow

o   3:00am EST: (GB) Home Price Index

o   7:00am EST: (GB) Bank of England Rates Announcement

o   7:45am EST: (EUR) ECB Rates Announcement

o   8:30am EST: (US) Jobless Claims

o   10:00am EST: (US) Factory Orders

o   10:30am EST: (US) Natural Gas Inventories

Economic News for Tomorrow:

Golden Wave Scalping On Gold Futures; SchoolOfTrade.com

In today's video we see the Gold Futures setting up a gorgeous rejection of the lows into a solid looking 123 reversal pattern that pushed us above the BMT's into a Golden WAVE Pattern Long. This push higher gave us a nice and easy $400 on the trade in only a few minutes!

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has had a nice sell off from those channel highs back up at the 105's and we have since dropped to nearly testing the BMT. I am looking short down to the wedge lows and the BMT sitting at 102.68 for a bit before looking overall long for a bounce off of those lows right back up to 103.53 and potentially higher up to supply at 103.74 - 103.98 and up.

Come join us in the room and see how we do it!

Automated Trading Strategy Review - Gold Futures

Gold Auto Trader

Gold has been quite sideways in the grand scheme of things but has been catching some VERY strong moves to those new lows and back again to the new highs. These aggressive moves are allowing us to really hit some nice trades in the TREND Auto Trader! Overall we had an AWESOME return this past week of $2,480 to really get this past week to put a BIG smile on our faces!

Come join us in the room and see how we do it!

Day Trading Crude Oil, Gold, E-Mini | SchoolOfTrade Newsletter 03/04/14

You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time. – Abraham Lincoln

Reflections from Today:

·       Today’s Trades:

o   Crude Oil:  Sell < 104.06, profit-target @ 103.11

o   Gold:  Sell < 1342.0, Profit-target @ 1337.2

o   Mini-Russell:  Buy > 1179.2 for BIG Winner

·       Markets Today:

o   Crude Oil: 211ticks (-1.46%) @ 103.33

o   Gold: 217ticks (-1.18%) @ 1334.4

o   Mini-Russell: 367ticks (+2.51%) @ 1205.2

·       News Today:

o   No Major Economic News today

o   Equity Markets hit another all-time high

o   Russia ‘backs off’ invasion of Ukraine

§  US threatens sanctions, Russia threatens to drop the Dollar & wont repay loans in USD

o   Ben Bernanke quoted today, “households have recovered from the crisis”

o   Crude Oil API# +1.2M (2^nd straight weekly build)

·       This Day In History:

o   Mar 4, 1472:  The world’s oldest operating bank, the Monte della Pieta, is founded in Siena, Italy to lend money to “poor or wretched or needy persons” at 7.5% annual interest. Today the Monte dei Paschi, still headquartered in the same building, is one of the largest banks in Italy.

o   Mar 4, 1789:  The Constitution of the United States goes into effect

o   Mar 4, 1791:  Vermont becomes the 14^th state of the USA.  Almost 200-years later, their greatest export, Ben & Jerry’s Ice Cream, hits store shelves for the first time.

o   Mar 4, 1861:  Abraham Lincoln was inaugurated as President

o   Mar 4, 1933:  Franklin Delano Roosevelt is inaugurated as the 32nd president of the United States, at the height of the Great Depression.  In his famous inaugural address, delivered outside the east wing of the U.S. Capitol, Roosevelt outlined his "New Deal"--an expansion of the federal government as an instrument of employment opportunity and welfare--and told Americans that "the only thing we have to fear is fear itself."

o   Mar 4, 1957:  Standard & Poor's Corp. introduces a new stock index, which it initially calls the "Standard '500' Index." Now known as the S&P 500, the index uses a "scientific weighting formula" that enables investors to measure the movement in the total value of most of America's major stocks. 

·       News Tomorrow

o   8:45pm EST: (CN) PMI Composite

o   4:00am EST: (EUR) PMI Composite

o   5:00am EST: (EUR) GDP

o   8:15am EST: (US) ADP Employment Report

o   10:00am EST: (CAD) Bank of Canada Announcement

o   10:00am EST: (US) ISM Non-Manufacturing

o   10:30am EST: (US) Crude Oil Inventories

o   2:00pm EST:  (US) Beige Book

Economic News for Tomorrow:

Day Trading with Fractal Price Patterns; SchoolOfTrade.com

In today's video we take a look at Fractal Price Patterns and how you can use them in your every day trading to find patterns on any time frame you like looking at! These are VERY important to us as day traders and we need to be aware of what they are and how we can use them to bring us more profits!

Major Futures Markets Day Trading Strategies

Crude 60-Minute

Crude Oil has pushed into the channel highs after a nice run up that has now fallen right back off again back down to about half way to the BMT. I am looking to continue selling this market lower back to test the BMT down at 102.68 and the wedge low below that. We are in the middle for the most part so both sides of trading are applicable but the shorts have the most merit.

Come join us in the room and see how we do it!