Archive
Monthly Archives: June 2016
June 9, 2016
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Price Action Trading The Strong Trend Wedge Breakout On Crude Oil Futures; SchoolOfTrade.com
We came in today to see that Crude Oil had been absolutely pummeled in the overnight session without any sign of stopping. This HEAVY selling pressure needs to be something you pay attention to and that means disbelieving buyers and selling any good signal. We had an ascending wedge form pulling back to the EMA […]
Continue reading June 8, 2016
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Risk vs. Reliability Trading Strategy | Crude Oil, Gold, E-mini & Euro Futures 06/08/16
Click here to download today’s charts “Cherish your visions and your dreams as they are the children of your soul, the blueprints of your ultimate achievements.” Notes for Tonight’s Newsletter: We have some great opportunities waiting for us in tomorrow’s session; All of our favorite markets are bullish and trying to re-test their highs. […]
Continue reading June 8, 2016
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Market Psychology Of An Opening Drive Reversal On Crude Oil Futures; SchoolOfTrade.com
We came in today to see Crude Oil forming a HUGE gap higher on the RTH open leading into a weak bull move. This was likely do to all of the EOD buyers from yesterday taking profit causing a bit of a move lower. This move lower was on large exhaustion where the sellers completely […]
Continue reading June 8, 2016
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Price Action Trading The Range Top On Crude Oil Futures; SchoolOfTrade.com
We came in today to see a HUGE spike higher which led into a range on the top. This bull bias to the range tells us that we need to put the edge on the buyers side and, although we want to buy low and sell high, buying low will be a much better chance. […]
Continue reading June 7, 2016
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Wednesday’s Trade Plan | Crude Oil, Gold, E-mini & Euro Futures 06/07/16
Click here to download today’s charts “You want to know my secret for success? Success is achieved when you seek out your weaknesses and turn them into strengths.” – Joseph James Notes for Tonight’s Newsletter: Our favorite markets are setting up for some great opportunities tomorrow; Crude Oil, S&P and Gold are bullish but expecting […]
Continue reading June 7, 2016
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Market Psychology Of A Trend Failure Into Range On Crude Oil Futures; SchoolOfTrade.com
We start the morning off with a beautiful push higher on the gap up leading into a profit taking move back down towards the huge $50 level where we are likely going to see buyers attempt to re-enter for a move back up again. This ended up turning the day into a flat more range […]
Continue reading June 7, 2016
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Price Action Trading Exhaustive Movement On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil showing some very nice movement overall but a lot of back and forth with buyers buying low and sellers selling high. Most big moves are failing to continue and we are showing lots of struggle around the big $50 mark. We then have a huge push lower into the lows […]
Continue reading June 6, 2016
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4 Traps for Tuesday | Crude Oil, Gold, E-mini & Euro Futures 06/06/16
Click here to download today’s charts “The key to success is to focus our conscious mind on things we desire not things we fear” Notes for Tonight’s Newsletter: The markets are reacting to last Friday’s dreadful jobs report after Janet Yellen tried to throw cold water on it this afternoon and we have some great […]
Continue reading June 6, 2016
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Market Psychology Of A Range Morning On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil with a HUGE run higher on the ETH session but the RTH is painting a different picture. We have very weak overall movement and showing more signs of a range then a continued trend. This told us that we need to be buying low and selling high with a bit […]
Continue reading June 6, 2016
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Price Action Trading The Wedge Breakout On Crude Oil Futures3; SchoolOfTrade.com
Today we see Crude Oil in a relatively obvious wedge since the EU session took hold. This gave buyers and sellers the opportunity to fade either side for failure moves. We then saw a VERY strong breakout of the normal movement you would expect. This breakout movement told buyers that the market was poised for […]
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