Archive
Monthly Archives: May 2013
May 17, 2013
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Euro Currency Futures day trading plan
Euro 60-Minute The 60-Minute anchor chart shows us moving lower this morning with a wide open space below us all the way down to the 2780 buy-zone. We can see a previous price-wedge has broken to new lower-lows and we know there are sell-zones above us at 2873 and 2909 which will make for easy […]
Continue reading May 17, 2013
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OPEX-Friday Morning Prep; SchoolOfTrade.com Day Trading Strategy
CLICK HERE TO GET STARTED What you do speaks so loudly that I cannot hear what you say” — Ralph Waldo Emerson” This morning we wrap up Options Expiration Week with a finally-Friday trading session with our advanced members in the Live Trade Room. We begin this morning with concerns over volume and market-personality because […]
Continue reading May 17, 2013
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Crude Oil Price Levels to watch for OPEX-Friday
Crude Oil 4-Hour: The 240-minute anchor chart shows us the break of the bear price-channel to new higher-highs this evening, which tells us one of two things, is likely to happen next. Crude Oil 240-Minute Chart First, if the sellers grab hold of this we will see a tremendous selling opportunity back down to the […]
Continue reading May 16, 2013
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Double-top day trading strategy trades with the trend
Euro Symmetry One of the most important lessons I have learned in my 12+ years of trading the futures markets is the need to have a day trading strategy that will profit in all the different types of market-personalities we see. Some days are trending, while some days are sideways. We need to be able […]
Continue reading May 16, 2013
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Rocket-ship named Crude Oil? Can sellers keep this market down?
Crude Oil Weekly Crude Oil Weekly: As we turn the corner into the bottom-half of OPEX week, after seeing some incredible trading opportunities already, we begin with the weekly chart of Crude Oil and we see a clue right away in this week’s bearish-red candlestick. We don’t see candles like this very often, do we? […]
Continue reading May 15, 2013
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Scalping-strategy FDAX Prep
We can see the new higher-highs on the FDAX have failed to push and stay above the swing-highs at 8360.0. We can easily the clues from this anchor chart telling us to look for a pullback down to 8301.5 so we are looking for selling opportunities using the scalping-strategy down to 8301.5.
Continue reading May 15, 2013
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Scalping-strategy Gold Prep
Gold Scalping Strategy We use the anchor chart to show us direction and major support and resistance levels for us to use with the scalping-strategy this morning on gold. We can see the bearish price-channel and we are sitting at the lows. We can also see a short term sideways-trading-range has developed, which is an […]
Continue reading May 15, 2013
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Scalping-strategy Crude Oil Prep
Scalping Crude Oil We can see lower-lows and lower-highs with a red cloud and a very clear market personality that is bearish. We marked up some trigger-zone resistance levels overhead which will tell us where and when the high-percentage-trades will occur this morning. With 2 green candles most recently we can buy in the short […]
Continue reading May 15, 2013
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Can these sellers keep control of Crude Oil Prices?
Crude Oil Daily: This morning we can see this big, full-bodied bearish daily candlestick is telling the sellers are in full control after failing at the highs of the price-wedge. We’ve been watching the sellers gradually take control over this price-action over the last 3 days and this morning we have an easy clue to […]
Continue reading May 15, 2013
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Sellers in control of Crude Oil; earn profit with these price levels
Crude Oil 60-Minute Crude Oil 60-Minute: The hourly anchor chart shows us another example of how accurate we’ve been this week using this bearish price-channel as our guide. With daily charts telling us the bears are in control, and the highs of this bear price-channel continuing to give us trading opportunities each day we will expect to […]
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