Wednesday, December 10, 2014

5 Ways to Trade Consolidation Ranges | SchoolOfTrade Newsletter 12/10/14




“My worst days as a trader are still better than the best days doing anything else.”

Notes for Tonight’s Newsletter:
·       Sellers with complete control today, ending the day in ‘consolidation’
·       Gold is bearish, if you didn’t sell the highs, look to sell ‘traps’ overhead with a profit-target down at $1200/oz.
·       Crude Oil continues to tumble lower, almost to $60 this morning before consolidating sideways around $61.00.  Look for bull traps or fade-the-breakout to the highs for the best selling-opportunities down to $60
·       Mini-Russell absolutely collapsed today, and you made a killing if you took our advice from last night!  Now looking to buy the lows!
·       NEWS:  Tomorrow’s Retail Sales will be headline news @ 8:30am EST
·       Contract Rollover for E-Mini Futures is tomorrow (12/11/14)




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