August 14, 2014
- in Uncategorized by schooloftrade
5 Ways to Trade LOW-VOLUME | SchoolOfTrade Newsletter 08/13/14
Click here to download today’s Charts + BONUS Charts!
“Only those who dare to fail greatly can ever achieve greatly.” – Robert F. Kennedy.
Today’s Newsletter:
· Markets Today: Low volume, sideways-trading-range, plenty of trading opportunities
· News for Tomorrow: Red-Star News in Europe and early in the US Session
· Trading Opportunities: buying lows, selling highs, biased to the short-side
Notes for Tonight’s Newsletter:
Misc:
· We’ve had an incredible week of trading opportunities even with such low volume!
· Price-action was VERY slow today, but easy to trade if you stayed patient
· Retail Sales came in soft (again) today in the US (worst report in 6 months)
· Geo-political: de-escalation of violence; diminishing concerns over a Russian invasion of Ukraine & US will NOT send ground-troops into Iraq
· Trading volume today 10% below 3-month averages as summer-slowdown hits in 3rd week of August
Gold:
· Long-Term Direction Bias = SHORT / NEUTRAL
· Short-Term Directional Bias = SHORT / NEUTRAL
· Fundamentals: geo-political fears are easing as of today, giving little need for ‘shelter’ with gold and prices will go lower.
· Daily Chart: trading in the middle of the range, on top of the 200ema and looking very ‘balanced’ at this time.
· 32-Anchor Chart: Sideways-trading-range from 1324.3 down to 1305.3. Buy lows, sell highs, avoid the middle until this market-personality changes.
· 16-Anchor Chart: descending triangle pattern tells us to sell the highs and take our profit-targets at the lows.
· Profit-targets above @ 1322.2, 1324.3, 1334.4
· Profit-targets below @ 1305.7, 1302.7, 1300.0, 1297.5, 1295.6
Crude Oil:
· Long-Term Direction Bias = SHORT / NEUTRAL
· Short-Term Directional Bias = SHORT / NEUTRAL
· Fundamentals: Euro is under pressure, which is pushing the US-dollar index higher, which is creating downward pressure on Crude Oil prices. On top of that, de-escalation of violence in the Middle East isn’t giving buyers any confidence to buy these lows.
· Daily Chart: stuck at the lows of the long-term bull price channel, around the big-round-number of $97/barrel and on top of the major buy-zone at 97.12. There is a LOT of support at this area.
· 32-Anchor Chart: sideways-trading-range with a bearish tone. Major support below us, which appears to be keeping prices propped-up temporarily.
· 16-Anchor Chart: sideways-trading-range and VERY sloppy price-action around the $97.25 area.
· Profit-targets above @ 98.61, 99.09, 99.14, 99.47, 100.00
· Profit-targets below @ 96.55, 95.54, 95.28, 94.38
Mini-Russell:
· Long-Term Direction Bias = LONG / NEUTRAL
· Short-Term Directional Bias = LONG / NEUTRAL
· Fundamentals: equities have been trying to shrug-off this weak European economic data the last 10 days, with the Mini-Russell attempting to rally higher… but the summer doldrums have kept the price-action subdued.
· Daily Chart: stuck in the middle of the range, between the two long and short-term moving-averages.
· 32-Anchor Chart: prices pushing higher after testing the zone @ 1126.6, waiting to see if they can make new highs above the 1149.2.
· 16-Anchor Chart: price-action pushing higher, however, the price-action is in the middle of the trading-range and the buyers feel very weak… will be watching price-action closely on Thursday
· Profit-targets above @ 1142.9, 1147.6
· Profit-targets below @ 1125.4, 1121.4, 1114.3
===========================================================
Want to see us trade LIVE? Click here to register for the Free Trial!
Automated Trading Strategy; Let the Computer do the trading
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier Live trade-room as an Advanced Member
