Schooloftrade Day Trading Newsletter 05 29 14
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Schooloftrade Day Trading Newsletter 05 29 14

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“In warfare there are no constant conditions. He who can modify his tactics in relation to his opponent will succeed and WIN.” – Sun Tzu – The Art of War. ...

“In warfare there are no constant conditions. He who can modify his tactics in relation to his opponent will succeed and WIN.” – Sun Tzu – The Art of War.

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Join the Professional Trading Community at SchoolOfTrade.com!

Today’s Newsletter:
• Markets Today: Crude Oil jumps, Gold drops, Mini-Russell goes sideways
• News for Tomorrow: Overnight from Japan, early-Morning in the US
• Trading Opportunities: Range-bound market on Crude Oil, Mini-Russell, and Gold

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Schooloftrade Day Trading Newsletter 05 29 14 Schooloftrade Day Trading Newsletter 05 29 14 Presentation Transcript

  • SchoolOfTrade.com Day Trading Newsletter 05-29-14 Click here to register for the Free Trial! ========================================================= “In warfare there are no constant conditions. He who can modify his tactics in relation to his opponent will succeed and WIN.” – Sun Tzu – The Art of War. ========================================================= Today’s Newsletter:  Markets Today: Crude Oil jumps, Gold drops, Mini-Russell goes sideways  News for Tomorrow: Overnight from Japan, early-Morning in the US  Trading Opportunities: Range-bound market on Crude Oil, Mini- Russell, and Gold ========================================================= The Markets Today: Crude Oil: Crude Oil pushed higher today, just as we expected from last night’s newsletter, and giving us excellent buying opportunities on the way up. We didn’t see a closing-print at the highs today, and with the volume in the middle of the trading-range from today we are now expecting Friday to be a
  • range-bound market so we will be looking for clues in the price-action tomorrow morning. Trade Called Last Night: In last night’s news we defined our day trading plan on Crude Oil to BUY on the way higher, and that is exactly what we did. We earned over $1,000 per contract on the buying opportunities on Crude Oil today. Make sure you register for our Nightly-Newsletter on our website so you don’t miss these winning trading opportunities next time! ========================================================= Gold: Gold traded sideways today as it sits at the lows of Tuesday’s trading-range. It is very clear that this market-personality on Gold futures is ‘balanced’ so we will be watching closely on Friday for clues that either the buyers or sellers have taken back control. Trade Called Last Night: We have been waiting for Gold to retrace off these lows, so we are still waiting for the best selling opportunities on Gold futures. Don’t forget to register for our Nightly-Newsletter so you never miss another trading opportunity again! ========================================================= Mini-Russell: The Mini-Russell traded sideways today, inside the same range we have been in all week.
  • We have volume in the middle, and without any attempt to break to new higher- highs or lower-lows we can assume that traders on the e-mini’s are waiting on something either tomorrow or next week. We are looking for price to move above the 1143.6 for buying opportunities or below 1129.1 for selling opportunities on Friday. Trade Called Last Night: Last night we discussed our plan for today was to ‘buy the lows and sell the highs’ and today we did exactly that. We bought the lows around 1132.0 this morning and took our profit-target at the highs for a profit over $800 per contract. Did you register for the Nightly-Newsletter on our website? Make sure you register so you never miss another newsletter or winning opportunity again! ========================================================= News Tomorrow: Tomorrow (Friday) has a lot of major news on the schedule, starting this evening in Japan, and going through Europe and the US sessions tomorrow finishing up around 10:00am EST.  8:30am EST: Personal Income  9:45am EST: Chicago PMI  9:55am EST: Consumer Sentiment Contract Rollover Alert: Gold has now rolled-forward to trading on the 08-14 contract. Please be sure to make the necessary changes to your charts for tomorrow. Click here to learn more about Contract Rollover
  • End of Month Alert: The end of the month is around the corner, which means we will be watching for profit-taking at the highs and lows of the ranges as traders look to get out of positions to pad their numbers towards the end of the month. The end of the month is always an exciting time of the month, and we will be ready for large, un-expected moves intra-day during the final few days of the month. ========================================================= Day Trading Opportunities for Tomorrow: Crude Oil: Crude Oil pushed higher today, and we made some awesome profit on the move, but this move didn’t end as strong as we had expected, leaving us with concerns about the strength of the ‘bulls’ going into Friday. We have defined a potential ‘range-bound market’ for Friday. We have drawn trend-lines from the highs and the lows, and we have set-up at 102.89 and resistance at 104.10. Our day trading plan for tomorrow is to buy-the-lows at support and sell-the-highs at resistance of this range-bound market. Our day trading plan for Crude Oil tomorrow has three (3) scenarios:
  •  Higher: we will sell the highs at 104.10 to 104.28 as we push higher, and if the buyers can push above 104.28 we will look for buying opportunities up to 104.50 and 105.41.  Sideways: we will avoid the middle of the range around 103.50, looking to buy-the-lows at support (102.89) and sell-the-highs at resistance (104.10)  Lower: we have a LOT of support levels below us, so as we push lower we will first look for price-reversals and buying opportunities at the lows, however, if the market-personality turns extremely bearish we will begin looking for selling opportunities. Click here to download ALL of our Crude Oil Charts! Short-Term Trading & Scalping: Please join us tomorrow in our Live Trade Room for short-term trades called with exact entry and exit information. ========================================================= Gold: Gold has moved lower this week, but today we traded in a narrow ‘range-bound market’ right on top of yesterday’s low and some major support on the 32-anchor chart. We are still looking for selling opportunities on Gold, and we have defined many levels above us to look for those opportunities. Our day trading plan for Gold tomorrow has three (3) scenarios:
  •  Higher: as prices push higher we are looking for selling opportunities at the sell-zones overhead at 1259.1, 1263.8, 1268.4 and 1272.0.  Sideways: If we trade sideways we will define the highs and the lows of the range and focus on buying the lows and selling the highs.  Lower: if we move lower we will be selling retracements on our way down to the support levels below us, starting with 1247.5 and then down to the lows of the bear price channel on our 89-anchor chart. Click here to download ALL of our Gold Charts! Short-Term Trading & Scalping: Please join us tomorrow in our Live Trade Room for short-term trades called with exact entry and exit information. ========================================================= Mini-Russell : Mini-Russell traded sideways today, and we can see a well-defined range-bound market from 1145.2 down to 1130.2. These price levels will be our main focus on Friday as we trade this range-bound market correctly. We are going to buy-the-lows at support (1130.2) and sell-the-highs at resistance (1145.2) until this range is broken successfully. Our day trading plan for Mini-Russell tomorrow has three (3) scenarios:
  •  Higher: if we push higher we will sell the highs of the range at 1145.2 first, and if the buyers keep pushing higher we will buy pullbacks up to the profit- target at 1158.9.  Sideways: if we trade sideways we will make some easy money buying the lows at 1130.2 and selling the highs at 1145.2. We will avoid trading in the middle of this range.  Lower: if prices push lower we will buy the lows of the range at 1130.2 and then look for selling opportunities below this level down to a profit-target at the trend-line support on the 32-anchor chart and the buy-zone at 1116.9. Click here to download ALL of our Mini-Russell Charts! Short-Term Trading & Scalping: Please join us tomorrow in our Live Trade Room for short-term trades called with exact entry and exit information. ========================================================= Want to trade with us in the Live Trade Room? Join the Professional Trading Community at SchoolOfTrade.com! Click here to register for the Free Trial!