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 […]
Continue reading June 2, 2016
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Friday’s Trade Plan | Crude Oil, Gold, E-mini & Euro Futures 06/02/16
Click here to download today’s charts We are what we repeatedly do. Excellence, therefore, is not an act but a habit. – Aristotle Notes for Tonight’s Newsletter: Our favorite markets are gearing-up ahead of the Non-Farm Payroll report tomorrow morning; Crude Oil and the S&P are both bullish while the Gold and Euro are bearish […]
Continue reading June 2, 2016
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Market Psychology Of An Inventory Day On Crude Oil Futures; SchoolOfTrade.com
We come in today to see Crude Oil gaping lower from yesterday’s possible spike and ledge formation with snap selling pressure to drive the market lower after the open. These sellers quickly dried up though showing there is something wrong with their case. The buyers continue to buy into the low moves and the bears […]
Continue reading June 2, 2016
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Price Action Trading The Descending Wedge On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil grinding lower after the HUGE run higher earlier in the EU session. This drop lower was likely initially profit taking that got a bit carried away and began going into a trend reversal in the form of a descending wedge pattern. This descending wedge gave us clues that the buyers […]
Continue reading June 1, 2016
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6 Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 06/01/16
Click here to download today’s charts “Do not wait to strike till the iron is hot; but make it hot by striking.” – William B. Sprague Notes for Tonight’s Newsletter: We have some great trends to work with tomorrow; Crude, S&P and Euro are bullish while Gold is bearish going into Thursday’s trading session. Crude […]
Continue reading May 31, 2016
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Market Psychology Of A Holiday Break On Crude Oil Futures; SchoolOfTrade.com
Today we come in from the Holiday weekend to see Crude Oil with some beautiful bullishness laying in wait in the background. We saw several clues of this move up waiting to happen and they just needed a good trigger which led into the HUGE breakout move up. This breakout move was a gorgeous reason […]
Continue reading May 31, 2016
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Price Action Trading The Breakout Move On Crude Oil Futures; SchoolOfTrade.com
Today we come back from a long holiday weekend with the market acting quite slow overall and possible range bound. This means we need to look to buy low and sell high and wait for breakout moves for trades. This gave a HUGE run higher on a breakout move up with sellers completely falling apart […]
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