What are they? Double-Top: when buyers fail to break new highs twice. The first test completely fails, and then we try a second test that also fails. Double bottom: when the sellers try and fail, and then try a second time and fail again. How to find them? Look for the candlestick WICKS to be […]
Continue readingRumors are flying this morning about the value of commodities, giving traders plenty of opportunity to trade this week. Not much more than talking heads over the weekend talking about the lack of supply on crude oil, possible releases of more reserves by the IEA, and Gold is looking quite vulnerable at the lows with […]
Continue readingClick Here To Review Our Automated Trading Results From This Morning We prepare for the 830am news and we know the GDP is supposed to be big, but our experience is always mixed. We do a lot waiting and then usually the markets don’t make a very big move. The important news for me is […]
Continue readingHi guys, it’s that time of the week again, let’s take a moment to review our results on our fully-automated trading system, which comes with our Advanced Membership. Let’s start with the worst earner of the group…Gold Futures. I’m going to take a look at 2 different scenarios…the long term…and the short term…and you can […]
Continue reading***Looking Ahead*** – 11:00 (US) Fed to purchase $4-5B in Notes/Bonds – 15:00 (AR) Argentina Apr Economic Activity Index M/M: No est v 0.5% prior; Y/Y: 7.6%e v 7.8% prior 10:31 AM Market Internals update at 10:30ET – NYSE volume 170M shares, about 9% below its three-month average; decliners lead advancers by 2.2:1. – NASDAQ […]
Continue readingJune 24 (Bloomberg) — Gianna Bern, president of Brookshire Adivsory and Research Inc., talks about the International Energy Agency’s decision to release emergency crude stockplies and the outlook for oil prices. Bern speaks with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg) Continue Reading this Article Here >>>
Continue readingMarket Personality: – Size of the orders – Speed of the orders – Are we making new highs?, new lows? – Are we trading in a sideways range? – Double-tops and bottoms? – Is the price ‘following through’ on its moves – Are we seeing breakouts? – Are we seeing fake-out breakouts? – Bullish: high […]
Continue readingThis has been a busy week for the commodity markets we trade most, seeing the US Dollar rising and falling on fears and confidence from Europe…its been a fun ride and we end our week with some very important news that is certainly on the minds of traders this morning. Not much news to share […]
Continue readingDisclaimer ———————————————- SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading […]
Continue readingJun 23, 2011 Sam Fletcher OGJ Senior Writer HOUSTON, June 23 — Oil prices dropped in early trading June 23 after Paris-based International Energy Agency said its 28 member countries agreed to release 60 million bbl of crude from strategic reserves at the rate of 2 million b/d for 30 days “in the coming month.” […]
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