Archive
Monthly Archives: April 2016
April 25, 2016
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Market Psychology Of Range Trading; SchoolOfTrade.com
Today we started up where we left off on Crude Oil — with the range on Friday. This range held very well all morning allowing for several trap opportunities at the highs and lows. Ranges really have one thing to keep in mind which is buy low and sell high. It really is that simple. […]
Continue reading April 25, 2016
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Price Action Trading The Crown Reversal Pattern; SchoolOfTrade.com
Today we have a GORGEOUS Crown Reversal Pattern showing up on Crude Oil Futures for us to look for major buy side failure. This gave us the chance to drive the market lower with all of the buyers giving up. This turned the move into a spike and ledge pattern as well on top of […]
Continue reading April 21, 2016
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Trade the Volatility | Crude Oil, Gold, E-mini & Euro Futures 04/21/16
Click here to download today’s charts “When popular opinion is nearly unanimous, contrary thinking tends to be most profitable. The reason is that once the crowd takes a position, it creates a short-term, self-fulfilling prophecy. But when a change occurs, everyone seems to change their mind at once.” Notes for Tonight’s Newsletter: Another session filled […]
Continue reading April 21, 2016
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Market Psychology Of Market Inertia On The E-Mini S&P 500 Futures; SchoolOfTrade.com
Today we see a beautiful example of market inertia in play. We ended yesterday with a gargantuan sell off at the end with minimal, if any, buy support along the way and at the bottom. This is VERY likely to see a followup move back down again with buyers giving up. Market inertia can be […]
Continue reading April 21, 2016
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Fading The Buy Failure On The E-Mini S&P500 Futures; SchoolOfTrade.com
Today we had a relatively slow range bound day with a spike and channel formation to kick off the move towards the downside for the sellers. The buyers tried to get the breakout move back up and completely fell apart leading into a large sell back down. This type of failure is a great clue […]
Continue reading April 20, 2016
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5 Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 04/20/16
Click here to download today’s charts “A lot of people know what to do, but very few people actually do what they know. Knowing is not enough! You must take action to see results!” Notes for Tonight’s Newsletter: Market are showing some strong moves tonight; Crude Oil and S&P are bullish, while Gold and Euro […]
Continue reading April 20, 2016
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Market Psychology Of Gaps Into Trends On Crude Oil Futures; SchoolOfTrade.com
This week has been wrought with rinse and repeat movement from Crude Oil Futures and today was no different! We start the day with a big gap lower into snap buying pressure once again just like we had on Monday. Knowing that the sellers are now getting stopped out on the channel breakout, we have […]
Continue reading April 20, 2016
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Price Action Trading The Wedge Failure On Crude Oil Futures; SchoolOfTrade.com
Today we have Crude Oil Futures grinding higher off the lows with the bears in dominant control after we have a failure to break higher from the bulls. This made way for buyers getting trapped now into a stop run move lower for a gorgeous run down to support below! =========================================================== Test-Drive our Advanced Membership […]
Continue reading April 19, 2016
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Trading with Trend Channels | Crude Oil, Gold, E-mini & Euro Futures 04/19/16
Click here to download today’s charts “The meeting of preparation with opportunity generates the offspring we call luck.” Notes for Tonight’s Newsletter: Crude oil continues to trend higher, although its ‘shadow’ the S&P appears to be taking a nap this evening, while the Euro and Gold both appear to be ready for more buying opportunities […]
Continue reading April 19, 2016
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Market Psychology Of A Wedge On Crude Oil Futures; SchoolOfTrade.com
Today we had yet another day of huge bullishness in the Crude Oil Futures following up yesterday. We have a wedge from yesterday which failed on the lows for buyers to flood back in and shove the market higher on the breakout retest. This gave us a gorgeous combination of technical analysis as well as […]
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