May 14, 2014
- in Uncategorized by schooloftrade
Day Trading Crude Oil, Gold, E-Mini Russell | SchoolOfTrade Newsletter 05/14/14
Click here to download today’s Newsletter Charts & Commentary
“We can change our lives. We can do, have, and be exactly what we wish. All we need is a goal, an action plan to achieve the goal, and the attitude that never gives up.”
Today’s Newsletter:
· Last Night: Crude Oil and Mini-Russell
BIG Winning Trades!
BIG Winning Trades!
· Markets Today: Crude Oil and Gold push higher, Mini-Russell tumbles lower
· News for Tomorrow: Red-Star News GALORE!
· Trading Opportunities: Selling Mini-Russell, Buying Gold and Crude Oil
=========================================================
The Markets Today:
Crude Oil:
 |
| Crude Oil VIP Chart |
Crude Oil pushed higher today (as expected) with a gap-up at
the opening-bell and finishing the session just off the highs and just below
the next big-round-number at $103/barrel.
the opening-bell and finishing the session just off the highs and just below
the next big-round-number at $103/barrel.
The narrow range (72-ticks) was only in the US session (900am
– 230pm) which means the bulk of the move happened in the London trading
session from 3am – 7am EST.
– 230pm) which means the bulk of the move happened in the London trading
session from 3am – 7am EST.
We saw nothing but bullish price-action on Crude Oil today,
and tomorrow we have a TON of Red-Star News to look forward to more buying
opportunities on Thursday!
and tomorrow we have a TON of Red-Star News to look forward to more buying
opportunities on Thursday!
Trade Called Last Night:
 |
| Day Trading Crude Oil |
We have been bullish Crude Oil all week, giving you exact
entry locations on Monday, and continuing the push higher on Tuesday evening’s
newsletter.
entry locations on Monday, and continuing the push higher on Tuesday evening’s
newsletter.
Today we
hit our final profit-target on the LONG trades up at the 102.57 for a MONSTER
profit this week on our Nightly-Newsletter for Crude Oil traders!
hit our final profit-target on the LONG trades up at the 102.57 for a MONSTER
profit this week on our Nightly-Newsletter for Crude Oil traders!
Make sure you register for our Nightly-Newsletter on our website so you don’t miss
these winning trading opportunities next time!
these winning trading opportunities next time!
=========================================================
Gold:
 |
| Gold VIP Chart |
Gold has been trading inside this range from 1305.5 down to
1285.5 over the last week, but today we FINALLY found a pulse on Gold and the
buyers pushed price-action outside of this range!
1285.5 over the last week, but today we FINALLY found a pulse on Gold and the
buyers pushed price-action outside of this range!
We still had a VERY narrow trading-range today in the US
Session (8:20am – 1:30pm EST) so we still assume these Gold traders are waiting
on SOMETHING, so we will continue to trade cautiously at these highs.
Session (8:20am – 1:30pm EST) so we still assume these Gold traders are waiting
on SOMETHING, so we will continue to trade cautiously at these highs.
We are going to be watching closely this evening and into
tomorrow to see WHO grabs control over this area on our chart.
tomorrow to see WHO grabs control over this area on our chart.
If the
buyers take hold we will be moving higher to the prior week’s highs at 1315.8.
buyers take hold we will be moving higher to the prior week’s highs at 1315.8.
If the
sellers take control we will then attempt to test the prior week’s LOWS down at
1285.5.
sellers take control we will then attempt to test the prior week’s LOWS down at
1285.5.
If we trade sideways on the 1305.5 area we need to be very
patient because we can clearly tell these Gold traders are waiting on
SOMETHING, and we don’t want to try to predict.
patient because we can clearly tell these Gold traders are waiting on
SOMETHING, and we don’t want to try to predict.
=========================================================
Mini-Russell:
 |
| Mini-Russell VIP Chart |
The Mini-Russell pushed lower today (as expected), filling
the GAP from Monday morning (1110 – 1105) and ending the session at the lows of
today’s range and below the prior week’s closing price at 1104.6.
We opened with a Gap-down (bearish) and we finished the
session right at the lows (very bearish).
The only thing that doesn’t scream “SELL” right now is that volume
analysis which is in the middle of the range at 1110.0.
session right at the lows (very bearish).
The only thing that doesn’t scream “SELL” right now is that volume
analysis which is in the middle of the range at 1110.0.
If these
sellers keep pushing this price-action lower this evening we are shooting for a
test of the prior week lows at 1087.1.
sellers keep pushing this price-action lower this evening we are shooting for a
test of the prior week lows at 1087.1.
Trade Called Last Night:
| Day Trading Mini-Russell futures |
Last night we continued selling short on Mini-Russell from
earlier in the week (below 1126.1) and we provided plenty of profit-targets for
you to take profit on the way down.
earlier in the week (below 1126.1) and we provided plenty of profit-targets for
you to take profit on the way down.
We nailed
this trade short on Mini-Russell this week for over $3,000 profit per
contract!!
this trade short on Mini-Russell this week for over $3,000 profit per
contract!!
Did you register for the Nightly-Newsletter on our website? Make sure you register so you never miss
another newsletter or winning trade again!
another newsletter or winning trade again!
=========================================================
News Tomorrow:
 |
| Economic News for Thursday |
Thursday morning is FILLED with Red-Star News events that
will definitely get the markets moving well for all the members of
SchoolOfTrade in our Live Trade Room!
will definitely get the markets moving well for all the members of
SchoolOfTrade in our Live Trade Room!
We begin with major news right out the gate at 8:30am EST,
and then we have more at 9:15am, and finish up with more news at 10:00am EST.
and then we have more at 9:15am, and finish up with more news at 10:00am EST.
· 8:30am: Consumer
Price Index*
Price Index*
· 8:30am: Jobless
Claims*
Claims*
· 8:30am: Empire
State Manufacturing
State Manufacturing
· 9:00am: Treasury
International Capital
International Capital
· 9:15am: Industrial
Production*
Production*
· 10:00am: Philly
Fed Survey*
Fed Survey*
· 10:00am: Housing
Market Index
Market Index
· 10:30am: Natural
Gas Inventories
Gas Inventories
*Red-Star News
Options Expiration: Friday
This is OPEX week, the third Friday of every 1 month, which
means Friday is OPEX. This means we will
be watching closely at the END of the session on Thursday when traders start exiting
positions ahead of the end of the week.
means Friday is OPEX. This means we will
be watching closely at the END of the session on Thursday when traders start exiting
positions ahead of the end of the week.
Be ready
for profit-taking at the highs on Crude Oil, or a “short-covering rally” at the
lows on the Mini-Russell at the end of the day on Thursday.
for profit-taking at the highs on Crude Oil, or a “short-covering rally” at the
lows on the Mini-Russell at the end of the day on Thursday.
Click here to download the Options
Expiration Calendar for 2014
Expiration Calendar for 2014
Contract Rollover: Crude Oil
Heads up on Crude Oil Futures, which will be rolling forward
to the 07-14 contract at the end of this week.
The BIG concern will be over ‘sharing volume’ later this week, which
will likely make for a very slow Friday trading session. Stay tuned for more on that as we get closer.
to the 07-14 contract at the end of this week.
The BIG concern will be over ‘sharing volume’ later this week, which
will likely make for a very slow Friday trading session. Stay tuned for more on that as we get closer.
=========================================================
Day Trading Opportunities for Tomorrow:
Crude Oil:
 |
| Crude Oil Anchor Chart |
Crude Oil pushed higher in today’s trading session, and this
evening we are getting exactly what we want… a pullback off the highs into a
level of major support so we can get LONG later this evening or tomorrow
morning.
evening we are getting exactly what we want… a pullback off the highs into a
level of major support so we can get LONG later this evening or tomorrow
morning.
We can see a bullish price channel on our anchor chart, which
tells us to buy the lows for the high-percentage-trades this evening.
tells us to buy the lows for the high-percentage-trades this evening.
Our day
trading plan for Crude Oil is to look for buying opportunities at the buy-zones
starting at the lows of the price channel, and then at 101.75, 101.52, 101.24,
101.06 and 100.70.
trading plan for Crude Oil is to look for buying opportunities at the buy-zones
starting at the lows of the price channel, and then at 101.75, 101.52, 101.24,
101.06 and 100.70.
We have profit-targets overhead at 102.65, 102.92, and
103.45.
103.45.
Short-Term Trading & Scalping:
Please join us tomorrow in our Live Trade Room for short-term trades called with exact entry and exit information.
Please join us tomorrow in our Live Trade Room for short-term trades called with exact entry and exit information.
=========================================================
Gold:
 |
| Gold Anchor Chart |
Gold also pushed higher in today’s session, but now has run
into some major resistance at the 1309.2 sell-zone.
into some major resistance at the 1309.2 sell-zone.
If we look closely at this anchor chart we can see the recent
higher-highs and higher-lows and we are above the key moving-averages which
tells us to look for buying opportunities on Gold this evening and into
tomorrow.
higher-highs and higher-lows and we are above the key moving-averages which
tells us to look for buying opportunities on Gold this evening and into
tomorrow.
One thing we can’t forget; Gold is still inside a consolidating price wedge and
the highs of that price wedge are at 1309.2 up to 1312.3. We cannot buy directly into this resistance so
we will stay patient for a pullback off the highs before we try to buy it.
the highs of that price wedge are at 1309.2 up to 1312.3. We cannot buy directly into this resistance so
we will stay patient for a pullback off the highs before we try to buy it.
Our day
trading plan for Gold is to buy the lows of this price wedge using the three
(3) buy-zones below us at 1297.0, 1293.4, and 1290.0.
trading plan for Gold is to buy the lows of this price wedge using the three
(3) buy-zones below us at 1297.0, 1293.4, and 1290.0.
Our profit-targets for the buying opportunities at the lows
will be back at the highs of this price wedge around the 1309.2 and 1317.9 resistance
levels.
will be back at the highs of this price wedge around the 1309.2 and 1317.9 resistance
levels.
Short-Term Trading & Scalping:
Please join us tomorrow in our Live Trade Room for short-term trades called with exact entry and exit information.
Please join us tomorrow in our Live Trade Room for short-term trades called with exact entry and exit information.
=========================================================
Mini-Russell :
 |
| Mini-Russell Anchor Chart |
The Mini-Russell tumbled lower in today’s session, pushing below
the key moving-averages and heading towards the lows from last week at
1087.5.
the key moving-averages and heading towards the lows from last week at
1087.5.
Our day trading plan for the Mini-Russell is to keep selling
short using the sell-zones at 1107.1, 1111.9, 1116.9 and 1127.3.
short using the sell-zones at 1107.1, 1111.9, 1116.9 and 1127.3.
Our profit-target
for the selling opportunities this evening will be the support zone below us at
1097.4, and then at the lows of the range at 1087.5.
for the selling opportunities this evening will be the support zone below us at
1097.4, and then at the lows of the range at 1087.5.
Remember, last week we tested the lows at 1087.5 and the
sellers got CRUSHED trying to push it lower.
We will be very cautious trying to sell short around the lows, we will
stay focused on a price-reversal at the lows for Thursday unless we see an easy
break below the 1087.5 area.
sellers got CRUSHED trying to push it lower.
We will be very cautious trying to sell short around the lows, we will
stay focused on a price-reversal at the lows for Thursday unless we see an easy
break below the 1087.5 area.
Short-Term Trading & Scalping:
Please join us tomorrow in our Live Trade Room for short-term trades called with exact entry and exit information.
Please join us tomorrow in our Live Trade Room for short-term trades called with exact entry and exit information.
=========================================================
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