Tuesday, July 28, 2015

Day Trading FOMC Announcement | Crude Oil, Gold, E-mini & Euro Futures 07/28/15



“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:
This volatility is giving us some incredible trading opportunities this week, but we need to be ready for tomorrow’s FOMC Announcement and Crude Oil Inventories… do you have a plan?

Crude Oil is bearish and 'rotating' off the highs of the bear-channel which means sellers are looking for 'bull-traps' at support levels as we go lower as well as if we try to make a run at new weekly highs ahead of the Inventory report morning.

E-mini S&P is bullish after consecutive sessions in the 'red' which means sellers will be looking for buyer-failure to sell back to the recent lows, and buyers need stay patient for the next deep pullback.

Gold is trading sideways within a bearish trend, and with less than 24hrs from the FOMC announcement our best strategy will be to buy the lows and sell the highs of the short-term range using reversals and failures.

Euro just pulled-back to the lows of short-term bull-channel, and with the BEARISH long-term-trend we will be looking for buyers to fail at these lows for easy selling opportunities going with the trend.



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Price Action Trading The Crude Oil Futures Channel; SchoolOfTrade.com



Buying the channel lows on Crude Oil allowed us to pick up 118 ticks this morning to the upside!

In today's video we see Crude Oil setting up a beautiful channel working higher where we found ourselves at the lows of.

This gave us an opportunity to buy the channel lows to ride the move back up to channel highs for $1,180 on the move!

E-Mini Dow Futures Day Trading Strategy Review - Selling the 2LF off the range high

Dow 800V
The Dow had a nice failure off the highs and found itself in a tight range after the drop.

This range gave us a test and fail of the highs on a 2LF to hop right back in and finish the move off lower.

We pulled out 10, 25, and 1 tick on the runner getting stopped out on the final bit with the FBL.

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 Review - Buying the FBL after channel completion

Gold 512V
Gold had a nice break lower in the micro channel which gave a completion of the move into the lows.

This completion came on the backs of a FBL allowing for a 2SF trap low to push price higher.

We were able to pull out 10, 17, and 22 ticks back up to test the MM highs!

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 Review - Buying the channel lows 2L

Crude 610V
Crude Oil had an awesome run higher and a nicely formed bull channel that followed right along with.

This gave us a pullback into channel lows on a 2L to hop right on board with and ride it to the highs.

We had a total profit of 10, 32, and 32 off at the channel highs for a great easy ride up!

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 Review - Selling the 2S BOPB

Euro 1597V
The Euro had a nice bear channel working lower that caught a BOPB into the EMA.

We had the 2S setting up right off the EMA as well giving even more strength to the sell side.

This gave us a run for 10, 12, and 38 ticks back to the lows for a VERY nice runner into the MM!

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!

Monday, July 27, 2015

3 Ways to Trade Tuesday | Crude Oil, Gold, E-mini & Euro Futures 07/27/15



“Decisiveness is a characteristic of high-performing men and women. Almost any decision is better than no decision at all.”

Notes for Tonight’s Newsletter:
We have bearish markets this evening, and prices are testing some key resistance levels which means we have some BIG trading opportunities on Tuesday… are you ready?

Crude Oil is VERY bearish this evening and our plan to keep selling buyer-failures has worked flawlessly in this oversold market so we will continue that for Tuesday!

E-mini S&P is bearish after collapsing off the highs, but trading oversold inside the range which means sellers will look for opportunities at resistance levels overhead AFTER a correction off the current lows.

Gold is bearish and coming off the highs of the bear-channel which means sellers are looking for trades at resistance levels overhead, especially when we see areas of buyer-failures!

Euro is trading near the highs of the long-term bear-channel which means sellers will be looking for opportunities at these highs but the recent OVERSHOOT of the channel-lows tells us to stay patient!



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WAVE Pattern Trading The Gold Futures; SchoolOfTrade.com



Buying the WAVE Long on Gold allowed us to pick up a great move on the assumed range day for 81 ticks!

In today's video we see Gold failing the push through the lows and beginning to really give clues of a range day instead of a bear trending day.

This gave us an opportunity to buy that failure back higher and put away a quick and easy $810 on the trade!

E-Mini Dow Futures Day Trading Strategy Review - Selling the S/CH highs on a 2S

Dow 800V
The Dow caught a huge selling push lower this morning forming a bear S/CH down.

We found ourselves at the S/CH highs for a 2S to push price right back down once again.

This gave us an entry and push for 10, 14, and 46 ticks back lower for a test of the S/CH lows!

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 Review - Buying the OS/OS back to highs

Gold 512V
Gold had a rip higher on a strong bull channel that got a bit overzealous on the move higher.

This gave an OS high leading into an OS low for us to buy right back up for continuation.

We were able to pull out a solid move for 10, 16, and 28 ticks right back to the highs!

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 Review - Selling the 2LF at the channel

Crude 610V
Crude worked lower most of the morning in a bear channel down with strong bear presence.

Price found its way back to channel highs where the sellers jumped right back in on the 2LF along with us.

This gave a run right back to lows for 10, 28, and 33 ticks lower for a solid run to the MM targets!

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 Review - Buying the 1SF back to the highs

Euro 1597V
The Euro had a very nice bull channel higher that took a bit of a break on a pullback.

This profit taking push back gave a nice chance to hop on when the correction completed for a 1SF back up.

Overall we pulled out a gorgeous 10, 29, and 33 ticks right back up to the highs!

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!

Thursday, July 23, 2015

5 Trades for a Summer-Friday | Crude Oil, Gold, E-mini & Euro Futures 07/23/15



“Develop an attitude of gratitude, and give thanks for everything that happens to you, knowing that every step forward is a step toward achieving something bigger and better than your current situation.”

Notes for Tonight’s Newsletter:
We have another exciting session ahead of us on Friday, and these STRONG trends tell us to be ready for anything… I have a plan… are you ready?

Crude Oil is bearish and trading down to the lows of the long-term bear-channel.  Sellers are looking for opportunities up at resistance levels above, and buyers need to be patient for times when the sellers fail at support levels as this price becomes oversold.

E-mini S&P is bullish, but the channel-overshoot from earlier this week tells us to stay patient for an overshoot on the opposite side before looking for more buying opportunities on Friday.

Gold is VERY bearish right now which means sellers are looking for opportunities at resistance levels above and buyers need to be patient to wait for the sellers to try-and-fail and the range-lows because this is a strong bearish trend.

Euro is bearish, but bullish in the short-term as it comes off the recent lows from earlier this month.  Sellers are taking every opportunity to sell resistance levels overhead while buyers can look for opportunities to buy support levels during this correction.



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Are you a Gold Trader? Click here to trade Gold
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Price Action Trading The Channel Overshoot On The E-Mini S&P 500 Futures; SchoolOfTrade.com



Buying the overzealous nature of the push below the channel allowed us to catch the profit taking rally back up and put away 39 ticks on the trade!

In today's video we see the E-Mini S&P 500 Futures pushing below their bear channel on a very aggressive drop lower.

This gave us an opportunity to buy that failure back at the channel and put away a quick and easy $487.50 on the trade!

E-Mini Dow Futures Day Trading Strategy Review - Selling the channel high 2S

Dow 800V
The Dow started the day with a nice bear move lower and a bear channel along with it.

This gave price a resistance area to sell off of and on a 2S test it gave a gorgeous entry short for us.

We pulled out a great run lower for 10, 23, and 24 ticks back down for a completion of the move!

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!