Archive
Monthly Archives: May 2016
May 11, 2016
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Market Psychology Of A Wedge Open On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil opening up directly on top of wedge resistance at the highs which will likely cause a move down on buyers taking profit and sellers fading into the move. This were further solidified with a HUGE bear candle open allowing sellers to continue the drive down for an even larger downside […]
Continue reading May 11, 2016
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Price Action Trading The Buyer Failure On Crude Oil Futures; SchoolOfTrade.com
Today we have a HUGE bear rejection of the highs leading into buyers simply exiting because they have tried and tried and tried, and haven’t gotten anywhere. This will usually cause a larger spike down as a flood of sell orders hit the market. This type of move isn’t anticipated to go on forever, and […]
Continue reading May 10, 2016
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4 Targets for Wednesday | Crude Oil, Gold, E-mini & Euro Futures 05/10/16
Click here to download today’s charts “Life is 10% what happens to us and 90% how we react to it.” Notes for Tonight’s Newsletter: Crude Oil and the S&P are trading inside of strong bull wedges this evening while Gold and Euro are trading inside of ranges ahead of Wednesday’s trading session. Crude Oil is […]
Continue reading May 10, 2016
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Market Psychology Of A Breakout Morning Move On The E-Mini S&P 500 Futures; SchoolOfTrade.com
Today we see the E-Mini S&P 500 Futures opening up with a nice gap higher completely above all of yesterday’s movement. This shows buyers have a LOT of control over this movement and will see this as a breakout attempt higher. The breakout attempt was successful with buyers taking over the morning candles and shutting […]
Continue reading May 10, 2016
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Price Action Trading The Spike And Continuation On The E-Mini S&P 500 Futures; SchoolOfTrade.com
Today we see the E-Mini S&P 500 Futures pushing up from the low side failure with a huge amount of bull strength showing buyers really meant business and are likely to buy the pullback. This gave them the chance to allow price to come back a bit for better pricing and buy into the move […]
Continue reading May 9, 2016
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6 Trades for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 05/09/16
Click here to download today’s charts “Knowing is not enough; we must apply our knowledge. Willing is not enough; we must take action to see results!” Notes for Tonight’s Newsletter: Today was ‘Reaction Monday’, following last Friday’s Non-Farm Payroll Report, which told us to expect some fireworks in the wake of such big news at […]
Continue reading May 9, 2016
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Market Psychology of A Strong Trend On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil open up with a huge down trend on the ETH session with the RTH session showing potential signs of continuation on the move. This is likely going to give sellers ‘new breathe’ to push the market further down and continue the trend. We see buyers try and try but completely […]
Continue reading May 9, 2016
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Price Action Trading The Buyer Trap On Crude Oil Futures; SchoolOfTrade.com
Today we had a strong drive lower off the missed high into a huge drop. This gave a move lower where buyers were trying to scale in but immediately getting stopped out for buy traps ripping down. Traps can give some of the best setups around and this was no exception. We had a strong […]
Continue reading May 5, 2016
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5 Trades for Non-Farm Payrolls Friday | Crude Oil, Gold, E-mini & Euro Futures 05/05/16
Click here to download today’s charts “Pressure either makes diamonds or dust…which one are you going to be?” Notes for Tonight’s Newsletter: Markets are all trending lower this evening ahead of Non-Farm Payroll News tomorrow morning; Crude, S&P and Euro are looking for short-term corrections while Gold appears to want to reverse the trend and […]
Continue reading May 5, 2016
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Market Psychology Of A Range Day On The E-Mini S&P500 Futures; SchoolOfTrade.com
Today we open up on the E-Mini S&P 500 with a pure range right out of the gate. This tells us we need to be buyers on the lows and sellers at the highs and look for scalp moves. Range days can be one of the most difficult for new traders because you almost have […]
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