May 17, 2016
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Price Action Trading The Bear Trend On Crude Oil Futures; SchoolOfTrade.com
Today we came in to see Crude Oil has dropped like a rock through the lows in the overnight session with the US session having to chase after the move. This means you are going to get smaller moves but still quite reliable. We saw the buyers come in and attempt to get the breakout […]
Continue reading May 16, 2016
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Waiting for Traps | Crude Oil, Gold, E-mini & Euro Futures 05/16/16
Click here to download today’s charts “Success seems to be connected with action. Successful people keep moving. They make mistakes but don’t quit.” Notes for Tonight’s Newsletter: Crude Oil is bullish and trying to finish rotation back to the highs of a ‘hidden channel’ this evening but price is quite expensive up at the highs […]
Continue reading May 16, 2016
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Market Psychology Of A Strong Trend Day On Crude Oil Futures; SchoolOfTrade.com
Today we come into the market with a HUGE up swing in Crude Oil showing buyers mean business today and have meant business since the Sunday ETH open. This heavy buying pressure tells us to stay as far from selling as possible and buy every pullback. Strong trend days like this can often trap counter-trend […]
Continue reading May 16, 2016
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Price Action Trading The Sell Trap On Crude Oil Futures; SchoolOfTrade.com
Today we see a VERY strong bull move up and holding most of the morning. This means there will be counter trend traders that are trying to get sell moves going and there will be traps to allow buyers to continue the trend back up. We saw this in the form of a swing low […]
Continue reading May 12, 2016
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Friday’s Game Plan | Crude Oil, Gold, E-mini & Euro Futures 05/12/16
Click here to download today’s charts “There are only two rules for being successful. One, figure out exactly what you want to do, and two, go do it.” Notes for Tonight’s Newsletter: Markets are moving well going into ‘retail Friday’; Crude Oil has a large range to work with, while the S&P, Gold and Euro […]
Continue reading May 12, 2016
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Market Psychology Of A Weak Bull Breakout; SchoolOfTrade.com
Today we had a very strong bull continuation move to yesterday’s bullish end of the day. This was met with breakout buyers looking for continued movement up but we quickly realized that something was VERY wrong with the buy side. This hugely bearish under toning to the market gave massive clues on where the market […]
Continue reading May 12, 2016
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Price Action Trading The Wedge Breakout On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil pushing higher most of the morning with strength and conviction but when we started nearing resistance around 46.78 we saw price begin to pinch together into a wedge formation. This gives us clues to look for breakout moves to finish the ‘job’ to one side or for them to become […]
Continue reading May 11, 2016
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8 Trades for Thursday | Crude Oil, Gold, E-mini & Euro Futures 05/11/16
Click here to download today’s charts “Success is a state of mind. If you want success, start thinking of yourself as a success and the rest will follow.” Notes for Tonight’s Newsletter: Markets are moving with strong trends this evening; Crude Oil, Gold and Euro are all bullish and trying to re-test their highs while […]
Continue reading May 11, 2016
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Market Psychology Of A Wedge Open On Crude Oil Futures; SchoolOfTrade.com
Today we see Crude Oil opening up directly on top of wedge resistance at the highs which will likely cause a move down on buyers taking profit and sellers fading into the move. This were further solidified with a HUGE bear candle open allowing sellers to continue the drive down for an even larger downside […]
Continue reading May 11, 2016
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Price Action Trading The Buyer Failure On Crude Oil Futures; SchoolOfTrade.com
Today we have a HUGE bear rejection of the highs leading into buyers simply exiting because they have tried and tried and tried, and haven’t gotten anywhere. This will usually cause a larger spike down as a flood of sell orders hit the market. This type of move isn’t anticipated to go on forever, and […]
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