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Monthly Archives: May 2016
May 17, 2016
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3 Channels for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 05/17/16
Click here to download today’s charts “The best way to predict the future is to create it.” – Joseph James Notes for Tonight’s Newsletter: The rollercoaster continues this week in the futures markets; Crude Oil is bullish going into major news, E-mini S&P is bearish but expecting a big correction after a double-overshoot of the […]
Continue reading May 17, 2016
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Market Psychology Of A Wedge Morning On Crude Oil Futures; SchoolOfTrade.com
Today we come in to Crude Oil seeing a very small gap up on the day and immediate buy pressure to attempt the breakout of the wedge this morning. This gave a breakout move which came back to retest allowing buyers to load in heavily back to the highs. A lot of times patterns will […]
Continue reading May 17, 2016
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Price Action Trading The Bear Trend On Crude Oil Futures; SchoolOfTrade.com
Today we came in to see Crude Oil has dropped like a rock through the lows in the overnight session with the US session having to chase after the move. This means you are going to get smaller moves but still quite reliable. We saw the buyers come in and attempt to get the breakout […]
Continue reading May 16, 2016
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Waiting for Traps | Crude Oil, Gold, E-mini & Euro Futures 05/16/16
Click here to download today’s charts “Success seems to be connected with action. Successful people keep moving. They make mistakes but don’t quit.” Notes for Tonight’s Newsletter: Crude Oil is bullish and trying to finish rotation back to the highs of a ‘hidden channel’ this evening but price is quite expensive up at the highs […]
Continue reading May 16, 2016
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Market Psychology Of A Strong Trend Day On Crude Oil Futures; SchoolOfTrade.com
Today we come into the market with a HUGE up swing in Crude Oil showing buyers mean business today and have meant business since the Sunday ETH open. This heavy buying pressure tells us to stay as far from selling as possible and buy every pullback. Strong trend days like this can often trap counter-trend […]
Continue reading May 16, 2016
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Price Action Trading The Sell Trap On Crude Oil Futures; SchoolOfTrade.com
Today we see a VERY strong bull move up and holding most of the morning. This means there will be counter trend traders that are trying to get sell moves going and there will be traps to allow buyers to continue the trend back up. We saw this in the form of a swing low […]
Continue reading May 12, 2016
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Friday’s Game Plan | Crude Oil, Gold, E-mini & Euro Futures 05/12/16
Click here to download today’s charts “There are only two rules for being successful. One, figure out exactly what you want to do, and two, go do it.” Notes for Tonight’s Newsletter: Markets are moving well going into ‘retail Friday’; Crude Oil has a large range to work with, while the S&P, Gold and Euro […]
Continue reading May 12, 2016
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Market Psychology Of A Weak Bull Breakout; SchoolOfTrade.com
Today we had a very strong bull continuation move to yesterday’s bullish end of the day. This was met with breakout buyers looking for continued movement up but we quickly realized that something was VERY wrong with the buy side. This hugely bearish under toning to the market gave massive clues on where the market […]
Continue reading May 12, 2016
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Price Action Trading The Wedge Breakout On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil pushing higher most of the morning with strength and conviction but when we started nearing resistance around 46.78 we saw price begin to pinch together into a wedge formation. This gives us clues to look for breakout moves to finish the ‘job’ to one side or for them to become […]
Continue reading May 11, 2016
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8 Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 05/11/16
Click here to download today’s charts “Success is a state of mind. If you want success, start thinking of yourself as a success and the rest will follow.” Notes for Tonight’s Newsletter: Markets are moving with strong trends this evening; Crude Oil, Gold and Euro are all bullish and trying to re-test their highs while […]
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