April 15, 2015

5 Trades for Thursday | SchoolOfTrade Day Trading Newsletter 04/15/15


“Life is 10% what happens to us and 90% how we react to it.”
  
Notes for Tonight’s Newsletter:

We survived
tax-day here in the US,
and now we begin looking forward to more trading opportunities on Thursday.  Gold and
Crude Oil
are giving us plenty of trading opportunities… are you
watching these?
Crude
Oil
rallied higher today
, pushing all the way up to test the highs of a long-term
bull-channel on very low volume. 
We expect to see price
come back off these highs
and give us trading opportunities down at the channel-lows,
and we are keeping a close eye on the spike-and-channel-pattern
that kicked off this rally today as an easy seller target!
Gold
is very similar to crude oil this evening, bullish and all the way up
at the channel-highs where we expect
to see profit-taking
and an attempt to move back to channel-lows. 
Sellers will be looking to scalp this back lower, while buyers will be
waiting for another round of opportunities
at the channel-lows.

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