Archive
Monthly Archives: April 2016
April 5, 2016
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Trap Buying The E-Mini S&P 500 Futures; SchoolOfTrade.com
Today we have a range on the E-Mini S&P 500 Futures after the strong move down which led into a descending wedge formation. This allowed the buyers to attempt to get the breakout up bu ultimately failing UNTIL we had the breakout retest of the wedge. This retest allowed a HUGE flood of buyers into […]
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Day Trading with Failures | Crude Oil, Gold, E-mini & Euro Futures 04/04/16
Click here to download today’s charts “I challenge you to make your life a masterpiece. I challenge you to join the ranks of the people, who live what they teach, who walk their talk.” Notes for Tonight’s Newsletter: Today was ‘Reaction Monday’ which is the first trading day after last Friday’s Non-Farm Payroll Report and […]
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Selling the breakout failure on Crude Oil Futures; SchoolOfTrade.com
Today we had Crude Oil pushing higher but forming an Ascending Wedge pattern and seeing the buyers try to push VERY aggressively through the highs only to see them fail immediately back lower again. That is a HUGE red flag for the buyers and as they exit, I want to be entering shorts to drive […]
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