Archive
Monthly Archives: July 2016
July 18, 2016
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Market Psychology Of A Range Confirmed Morning On Crude Oil Futures; SchoolOfTrade.com
We came in today to find a nice strong gap lower on the RTH session with sellers from Friday having a great morning. Unfortunately, with so many sellers taking profit at the open, we then began seeing a conversion of a trend in to a range with buyers buying low and sellers selling high. This […]
Continue reading July 18, 2016
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Price Action Trading The Bear Trend Retrace On Crude Oil Futures; SchoolOfTrade.com
We came in today to find CL getting battered over the EU session and it continued into the US session with sellers heavily on the table and continuing to push the market down on any attempt the buyers get. This lets us know that there should be only one direction in mind — down. We […]
Continue reading July 14, 2016
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5 Trades for Friday | Crude Oil, Gold, E-mini & Euro Futures 07/14/16
Click here to download today’s charts “Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.” -Antoine de Saint-Exupery Notes for Tonight’s Newsletter: We have some great opportunities going into Friday’s session with some big news on the schedule tonight and another big day ahead […]
Continue reading July 14, 2016
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Market Psychology Of A Pullback Morning On Crude Oil Futures; SchoolOfTrade.com5
This morning we open with a decent gap higher after the large drop from yesterday. There was a strong bounce at the EOD yesterday but that was more likely going to be sellers taking profit, not new buyers. After seeing the gap higher we knew that, if there were buyers in that EOD rally, they […]
Continue reading July 14, 2016
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Price Action Trading The Range Breakout Failure On Crude Oil Futures; SchoolOfTrade.com
We started off the day with a bit of a slower tempo than the last week with price moving mostly in a range sentiment with weak trends forming, but not sticking around for very long. This gave us clues to look to buy low and sell high and stay out of the middle. We had […]
Continue reading July 13, 2016
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Thursday’s Trade Plan | Crude Oil, Gold, E-mini & Euro Futures 07/13/16
Click here to download today’s charts “Desire is the key to motivation, but it’s determination and commitment to an unrelenting pursuit of your goal — a commitment to excellence — that will enable you to attain the success you seek.” Notes for Tonight’s Newsletter: There hasn’t been any shortage of trading opportunities this week and […]
Continue reading July 13, 2016
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Market Psychology Of A News Breakout On Crude Oil Futures; SchoolOfTrade.com
Today is Inventory Day for Crude Oil Futures and it is a VERY active day when the numbers hit at 1030EST. This movement is enough so that waiting a good half hour before the news until after can keep you out of a lot of trouble and today was a great example of that. We […]
Continue reading July 13, 2016
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Price Action Trading The Wedge Breakout On Crude Oil Futures; SchoolOfTrade.com
We came in today to find Crude Oil relatively stagnant given the last few days of movement. This began to form a wedge at the bottom that had a failed breakout on the low side which turned into a very large run higher for a breakout attempt up. The buyers will likely be a bit […]
Continue reading July 12, 2016
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4 Channels Wednesday | Crude Oil, Gold, E-mini & Euro Futures 07/12/16
Click here to download today’s charts “Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.” Notes for Tonight’s Newsletter: Markets are moving really well this second week of July with the London, US, and Asian sessions all filled with reliable […]
Continue reading July 12, 2016
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Market Psychology Of A Pullback Morning On Crude Oil Futures; SchoolOfTrade.com
We came in this morning to see a nice large gap higher from Monday with the EU session having all the fun. This big push up is likely going to get a pullback if the buyers can’t show up right from the start to keep the train moving higher. The buyers couldn’t hold the open […]
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