Weekly Recap; Welcome to the Shutdown

– For the first time in 17 years, most of the federal government has been shut down as Congress failed to pass a budget or a short-term funding resolution before the new fiscal year began on October 1st. House Republicans wanted to delay or defund Obamacare in exchange for budget funding, and were preparing to […]

Major Futures Markets Day Trading Strategies

Crude 60-Minute Crude Oil has rejected the BMT down at 103.18 and has been pushing higher ever since. I am looking to buy this market higher to the swing at 104.38 first and a push past to the wedge highs. This has been an extended move higher so I will also be considering short trades […]

Automated Trading Strategy Review – E-Mini Russell Futures

Russell Auto Trader The Russell is a fantastic market and overall is VERY consistent. It is a bit slower, much like the Euro but overall can make some VERY nice profits for our wallets! The Russell this past week came victim to the government shutdown we are seeing and because of this has been VERY […]

Mini-Russell Day trading strategy; SchoolOfTrade.com

Mini-Russell Anchor Chart The Mini-Russell is trading higher this morning and has recently tested the trend-line and trigger-zone resistance at 1073.6 which means we are trading at the top of the price-wedge and looking for a selling-opportunity at this time. The opening-print on the Mini-Russell tells us this market personality should range-bound so we want […]

Crude Oil Day trading strategy; SchoolOfTrade.com

Crude Oil Anchor Chart Crude Oil is trading just below the big-round-number of 104.00 this morning inside the range from Thursday and inside a sideways-trading-range on the anchor chart. We can see resistance above at 104.60 as well as support below at 102.72 and with this range-bound market personality we see today we want to […]

Euro Day trading strategy; SchoolOfTrade.com

Euro Anchor Chart The Euro is falling lower this morning off the new highs at 3649 earlier this week.  We can see a bullish price-channel and a green/bullish ‘cloud’ which tells us the long-term trend is bullish and that we should buy at the lows of the price-channel and at major support levels below us. […]

Gold Day Trading Strategy; SchoolOfTrade.com

Gold Anchor Chart We begin the session with Gold this morning at 820am EST and we see that there is a short term bullish price-channel on the anchor chart, however, the opening-print tells us that this market personality is going to be a range-bound market personality today. Our day trading plan for Gold is to […]

Morning Prep 10/00/13; SchoolOfTrade.com

7:30am EST Focus-Points this morning: ·       US Non-Farm Payroll News has been delayed due to the Govt Shutdown, no word on when this news will be released ·       Bank of Japan leaves its monetary policy un-changed ·       Traders in the US prepare for a very light economic calendar, which will likely mute the Friday trading […]

Crude Oil Futures Show Me The Money Trade; SchoolOfTrade com Support

Major Futures Markets Day Trading Strategies

Crude 60-Minute Crude Oil is at the top of its newly formed wedge high. I am initially looking to sell this market back down to the BMT at 103.14 but if we continue higher I will also consider longs as this wedge high has yet to be solidified. For long side targets I will be […]