Archive
Monthly Archives: May 2016
May 31, 2016
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Market Psychology Of A Holiday Break On Crude Oil Futures; SchoolOfTrade.com
Today we come in from the Holiday weekend to see Crude Oil with some beautiful bullishness laying in wait in the background. We saw several clues of this move up waiting to happen and they just needed a good trigger which led into the HUGE breakout move up. This breakout move was a gorgeous reason […]
Continue reading May 31, 2016
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Price Action Trading The Breakout Move On Crude Oil Futures; SchoolOfTrade.com
Today we come back from a long holiday weekend with the market acting quite slow overall and possible range bound. This means we need to look to buy low and sell high and wait for breakout moves for trades. This gave a HUGE run higher on a breakout move up with sellers completely falling apart […]
Continue reading May 26, 2016
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8 Trades for Friday | Crude Oil, Gold, E-mini & Euro Futures 05/26/16
Click here to download today’s charts “I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” – Michael Jordan Notes for […]
Continue reading May 26, 2016
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Market Psychology Of Big Round Numbers On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil opening up right on top of the big $50.00 / barrel mark and we quickly saw snap selling right into that price showing us that buyers had little to no interest up there to start the day off. We then see even further evidence of buyers giving up right at […]
Continue reading May 26, 2016
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Price Action Trading A Wedge Breakout On Crude Oil Futures; SchoolOfTrade.com
We came in today to see Crude Oil lifting off the lows a bit with an ascending wedge pattern going higher and buyers defending the bear moves. This then led into a HUGE breakout candle showing the buyers want it more than ever. This gave a gorgeous move up for a push to the breakout […]
Continue reading May 25, 2016
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Thursday’s Trade Plan | Crude Oil, Gold, E-mini & Euro Futures 05/25/16
Click here to download today’s charts “You must be the change you want to see in the world.” – Mahatma Gandhi Notes for Tonight’s Newsletter: We have some interesting situations to look at this evening; Crude Oil seems to destined to reach $50, the E-mini S&P finally took a break after 2 days of rocket […]
Continue reading May 25, 2016
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Market Psychology Of A Trading Range Day On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil gapping higher but with no sentiment on either end of the market from the prior day meaning we are likely to go range bound. This means we need to look to buy low and sell high and fade breakouts back into the range. We had the sellers give it a […]
Continue reading May 25, 2016
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Price Action Trading The Swing Trap Low On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil in a large range and having trouble getting anything moving in one direction or the other. This tells us we need to be looking to buy low and sell high and look for traps to use to get the move going towards the range extremes. We had the sellers attempt […]
Continue reading May 24, 2016
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5 Swing Trades for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 05/24/16
Click here to download today’s charts “In any situation, the best thing you can do is the right thing; the next best thing you can do is the wrong thing; the worst thing you can do is nothing.” – Theodore Roosevelt Notes for Tonight’s Newsletter: We certainly got some life back into these markets today […]
Continue reading May 24, 2016
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Market Psychology Of A Gap Reversal On Crude Oil Futures; SchoolOfTrade.com
We open up with a nice gap higher and buyers from the EOD yesterday wanting to take profit causing a quick move lower to fill the gap. This gap fill was quickly snapped up by the buyers showing price straight back up and trapping in sellers. Sellers continued to try to sell into the move […]
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