Archive
Monthly Archives: August 2016
August 30, 2016
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Price Action Trading The Crude Oil Futures Breakout; SchoolOfTrade.com
Today we open up with a VERY slow morning session coming off the the 47.29 area of gap resistance over the weekend being filled. This formed a blatant range that the sellers slammed lower out of with HUGE bear strength. This gave clues that bears were looking for more than just a push down to […]
Continue reading August 30, 2016
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Market Psychology Of A STRONG Range Breakout On Crude Oil Futures; SchoolOfTrade.com
We opened up today to find Crude Oil in a VERY slow and tight range. We know what to do from there — buy low and sell high. Something interesting happened though; we have news come out of Iran causing a HUGE spike down in price shifting the sentiment completely. This breakout now tells us […]
Continue reading August 29, 2016
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6 Trades for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 08/29/16
NOTICE: This will be the only newsletter for me this week, and will resume after the Labor Day Holiday weekend on Tuesday evening September 6th @ 8:00am EST. Our office will be open and our Live Trade Room will be open for the rest of the week. Enjoy the Holiday! Click here to download today’s […]
Continue reading August 29, 2016
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Market Psychology Of A Weak Range Open On Crude Oil Futures; SchoolOfTrade.com
We opened up the day with a strong gap lower with buyers appearing to want to fade the breakout attempt down which is expected to cause a rally on the open. This rally completely failed to even show up allowing the sellers to begin fading the highs forming a range on the morning instead. This […]
Continue reading August 29, 2016
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Price Action Trading The Range Breakout Failure On The Crude Oil Futures; SchoolOfTrade.com
We came in today to find Crude Oil working in a very well defined range. This range had the sellers attempting to push lower into the bottom with a breakout but quickly fail on the open. This pop higher came back to retest showing more buyers at the lows once again. This break down came […]
Continue reading August 25, 2016
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Friday’s Trading Plan | Crude Oil, Gold, E-mini & Euro Futures 08/25/16
Click here to download today’s charts “In today’s world, the greatest source of wealth is between your ears.” Notes for Tonight’s Newsletter: I’m back from my spa-getaway in East LA yesterday (kidding of course) and we have markets setting-up with some great opportunities for a Summer-Friday. Janet Yellen hits the stage tomorrow morning from the […]
Continue reading August 25, 2016
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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 […]
Continue reading August 25, 2016
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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 […]
Continue reading August 24, 2016
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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 […]
Continue reading August 24, 2016
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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 […]
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