Thursday, August 25, 2016

Market Psychology Of A Weak Bull Trend On The E-Mini S&P500 Futures; SchoolOfTrade.com



We opened up the NYSE morning with a small gap down and sellers attempting to break down further with a very heavy bear candle to start the day off. The buyers swept the move right back up and engulfed the sellers essentially nullifying them.

We now have a potential for the buyers to take the market back up assuming the lows were now a fake-break and we should be going higher to fill the gap and possibly further to other objectives above!


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Price Action Trading The E-Mini S&P 500 Futures Range Failure; SchoolOfTrade.com



We came in today to see a very sturdy range formation on the overnight session. Sellers attempted to dig into the lows after the US open but completely failed to get anything going before firing right back up towards the highs.

This gave us clues to look for continuation on the move to get to buyer objectives back at the highs of the day and possibly even further to magnet objectives above that!


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Wednesday, August 24, 2016

Market Psychology Of The Euro Currency Futures Breakout Morning; SchoolOfTrade.com



We came in today to find the Euro Currency Futures getting beaten up pretty badly in the overnight session with a big gap lower underneath the large 1.3000 BRN area. This gap lower will be seen as a breakout attempt with a good likelihood of success.

The open kicks off a small range start that broke down aggressively lower showing bears have control as expected and to keep selling every chance you get!


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Price Action Trading The Euro Currency Futures Range Breakout; SchoolOfTrade.com



We opened up today to find that the Euro has been getting slammed all night in a very nice bear trend and even had enough strength to break through the huge 1.3000 big round number we were talking about in the newsletter last night!

This aggressive breakdown under both the range and the BRN is a bit too heavy to sell right away so we opt to wait for a pullback -- no sense in selling low! This gave us a gorgeous bounce off the EMA for a secondary drive right back down once again.


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Tuesday, August 23, 2016

Hump Day Trading Plan | Crude Oil, Gold, E-mini & Euro Futures 08/23/16



“Invest ten percent of your income in self-development in order to guarantee your future.”

Notes for Tonight’s Newsletter:
We had some wacky price-action in today's session but that didn’t stop us from finding some excellent trading opportunities and looking at the charts for tomorrow we may see a lot more of the same.  Crude Oil is bullish, S&P and Euro are bearish and Gold is trading sideways as we look forward to Wednesday's trading session.

Market Psychology Of A Breakout Morning On Crude Oil Futures; SchoolOfTrade.com



Today we opened up with a small gap down for buyers to attempt a breakout pullback kind of move back to the Monday lows. The buyers didn't want to show up to the party though and fell right back down again.

This move lower was sold to objective where we found more support for a possible move back up. Not only that, but we were aggressively trapping in sellers meaning there is a good chance of a strong breakout and boy, Crude didn't disappoint there!


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Price Action Trading The Trap On Crude Oil Futures; SchoolOfTrade.com



We had a relatively lack-luster morning with price more in a range than anything after the initial smaller gap lower. The buyers were attempting to hold the lows after sellers finally got their objectives on the bottom.

After the objectives were met, sellers are less likely to be looking for breakout moves down and would rather sell higher if at all. Knowing this, waiting for the trap where chasing sellers will likely attempt to jump in allowed us to slam price through their stops and bag a MASSIVE run higher!

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Monday, August 22, 2016

8 Trades for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 08/22/16



“Only by contending with challenges that seem to be beyond your strength to handle at the moment you can grow more surely toward the stars.”

Notes for Tonight’s Newsletter:
The markets aren’t wasting any time this week, getting a jump on the last full week of the month of August with some great opportunities setting up for tomorrow; Crude Oil is bearish, S&P is sideways, while the Gold and Euro are bullish going into Tuesday's Session.

Market Psychology Of A Strong Range Morning On Crude Oil Futures; SchoolOfTrade.com



Coming in today we were expecting to see a nice bear trend working lower after the overnight session slammed down through Sunday. This didn't end up being the case as the bears appeared to have finished their objectives before the market even opened up.

This led to a sturdy range formation instead during the US morning session allowing us to look to FADE the breakout attempts instead assuming they are going to fail right back to the other end again!


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Price Action Trading The Counter Break Of The Range On The Euro Currency Futures; SchoolOfTrade.com



We had a nice run higher in the overnight session after the bears gave up early in the morning. This push higher formed a small range which was looking for a directional fake-break for buyers to pick the move right back up again.

It is VERY important to stick with the trend and even when there is a setup that looks gorgeous, if it is counter trend, expect it to be lower probability. You can use this to your advantage when you know one side of the market is trapped to ram the market right back into their stops with the trend!


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