School Of Trade

With most of our favorite markets trading inside of ranges, we know there will be lots of landmines and traps to fall into on Wednesday morning…

My goal tonight is to help you not only avoid the most common traps, but identify reliable opportunities to take advantage of the traders who don’t see them coming -- Are you ready?

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Crude Oil is bearish and trading at the low of a trading-range, which tells me to look for buying opportunities using seller-failure patterns with a target going back up to the high of the range on Wednesday.

And remember to stay out of the middle – because one of the most common traps in a range-bound market is trading inside the middle!

E-Mini S&P is bullish and trying to finish its rotation back to the high of the large trading-range from last week.

Knowing this, I'm looking to buy a pullback, and I can see a great spot to look for buying opportunities at the combination of the low of the range and the low of a new Hidden Channel.

Nasdaq is bullish and trying to finish it’s move up to re-test Sunday evening’s high, which tells me to look for buying opportunities at key support levels for the most reliable set-ups on Wednesday morning.

And my focus on those pullbacks is the combination of the Hidden Channel, trading-range expansions and reversal-line support levels, all down around the 7440 area.

Gold is bearish but trading below the low of a small trading-range this evening, which tells me I have the opportunity to catch the ‘pendulum swing’ running higher with the right entry set-up.

The challenge is going to be avoiding the range – because the most common traps we see during range-bound markets are getting sucked into the middle.

My plan for Wednesday is to wait for bear-traps, preferably at the low of a new Hidden Channel, so I can avoid trying to “buy high” going back into the range...

We’re heading into a busy, holiday-shortened week ahead of us – and with major news on the calendar and various types of range-bound markets on the charts, the secret to our success tomorrow is quite simple…

We need to get into the mindset of the market for the most reliable trade set-ups on Tuesday - are you ready?
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Crude Oil is sideways and trading in the middle of last Friday’s trading-range, which reminds me to avoid the middle, buy the low, and sell the high.

Knowing this, the real secret is going to be waiting for a potential breakout and then “fading” the move back into the original trading-range using failure set-ups.

E-Mini S&P is bullish as it comes off the low of a wide trading-range from earlier in May, but don’t let the bullishness fool you into chasing the move higher.

A better strategy for tomorrow is to avoid the middle of this wide range, and wait for the next round of sellers to fail so I can buy into their stops, as close to the low of this range as possible.

Nasdaq is bearish into a trading-range, which tells me to look for selling-opportunities up above the high of the range using buyer-failure patterns.

But I'm not ignoring the buy-side of this market either - knowing that the E-Mini S&P has the potential to rally higher, all we need is a 123-Breakout to start looking for buy set-ups at the low of the Hidden Channel.

Gold is bearish and tucked into a narrow trading-range this evening, which tells me to look for selling-opportunities using buyer-failures up above the high of the range.

The tricky part is how narrow this range is –telling us the market’s mindset will be waiting for a better risk-reward-ratio using much wide expansion levels, so stay patient!

Euro is bearish and sitting at the low of a Hidden Channel, which reminds me to look for selling-opportunities at the high of the channel..

We had some great moves in today’s trading session, but most of our markets closed at some very challenging locations for Friday morning.

Which reminds me to focus on only the best patterns, which will give me the best winning percentage possible – are you ready?

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Crude Oil is bullish with a strong two-legged run higher, which tells me to look for buying opportunities at key support levels.

The challenge is, we’re trading right into three major resistance levels, so I need to choose wisely to find the right entry points to avoid a trap at these highs.

E-Mini S&P is bullish with a strong pullback off the highs, which tells me that the buyers still have overall control, but the sellers will be looking for ways to send this market lower.

Knowing this, my plan is to look for buying opportunities, but only until I see the sellers try forcing this market lower on Friday morning.

Nasdaq is bullish into a flag pattern, which would normally tell me to buy the breakout-pullback above the channel high…

But in this situation, we’re too close to the measured-move resistance, which tells me I need to wait for a bear-trap and buy into the stops of the counter-trend sellers to give myself the fuel I need to break back up to the highs (and beyond).

Gold is bearish with a strong 123-Breakout of this week’s range, which tells me to look for selling-opportunities up at the high of a Hidden Channel.

The big challenge, however, is the rising support trend-line I see coming up from today’s low, telling me to wait for a ‘2-legged pullback’ selling-opportunity tomorrow morning.

Euro is bearish and trading back at the 12,000 round number this evening, and with such a strong run lower today, I'm anticipating a range-bound market on Friday morning.

Assuming this market goes sideways, my plan is to combine a failed bull breakout with the ..

Markets have their eyes on key levels from earlier this week, but with such strong runs this afternoon, we better choose our entries and exits wisely on Thursday…

Which is why I always check this before I pull the trigger – are you ready?
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Crude Oil is bullish with a strong run higher to finish today’s session, but look closer and you can see we’ve tested multiple resistance levels from earlier this week, which tells me to wait for a pullback before I start buying.

Knowing this, I can see three clear support areas ready to be bought with the right entry set-up tomorrow morning.

E-Mini S&P is bullish with a strong spike higher, but we’re getting a little close to the measured-move target overhead, so my plan is to wait for a pullback and look to buy into the stops of the counter-trend sellers.

And keep in mind, that gap from Monday morning is taunting us to get filled tomorrow, but we can't force it, we need the right set-up.

Nasdaq is bullish with a Spike & Channel pattern running higher, and I'm sure the bulls can taste the “gap fill” from Monday morning, but look closer and we’re sitting right at the measured-move resistance.

Knowing this, a more reliable strategy will be to wait for a pullback to the mid-line of the weekly channel, looking for buying opportunities into the stops of the short-sellers chasing the market lower.

Gold is sideways with a bullish bias, telling me to look for buying opportunities down below the range lows tomorrow morning.

And with that in mind, I have four support levels I'm watching for a clear entry signal to buy as low as possible on Thursday.

Euro is bearish and trading below the low of a trading-range, which is always a great place to buy, but not until we see a good sell set-up into the stops of the sellers.

But if the bears can hold this breakout lower, then we start lookin..

These markets are trying to fool us tonight – with strong momentum moves going against the trend, we need a plan to avoid the traps and stay patient for those high-quality set-ups…

But the big question I have is – “Buy it or Sell it, What’s the Secret?”
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Crude Oil is bullish with a combination of a Spike & Channel and trading-range, but the challenge we have going into Wednesday morning is the strength of this recent pullback.

I want to buy this market, but I need to respect the sellers long enough to trade into their stops for a short-covering rally back to the high tomorrow morning.

E-Mini S&P is bullish at first glance, but dig deeper and it’s easy to see why buying this pullback is a serious gamble with your trade account.

My plan is to wait for these aggressive buyers to “swing and miss” so I can sell into their stops for an easy run back to Monday’s low.

Nasdaq is bullish with a strong two-legged move higher today, but we’re trading directly into two levels of resistance, telling me I need to stay patient for more reliable buying opportunities.

Knowing this, I'm looking for sellers to try getting short off the major channel highs, and if/when they do, it should be easy to buy into their stops for a rally up to the next measured-move target waiting overhead.

Gold is bullish and trading at the low of a wide trading-range, which reminds me that this bearish momentum coming off the high is going to try shaking me out of a long position before it goes back to re-test the high.

Keeping this in mind, a better plan is to wait for the second leg from the sellers and use the falling resistance trend-line as key support to buy into their stops tomorrow morning.

Euro is bullish, but the strength of this recent pullback off the highs is too much to try buying into we can see a little more proof tomorrow morning.

Kno..

Markets are really heating-up this week – with the tension building between the US and China, and Oil sanctions impact the energy markets, tomorrow is sure to be another great opportunity for some high-quality set-ups…

But no matter what happens tomorrow, don’t let them FOOL you with those headlines – because the only thing that really matters is the chart, so let’s get ready!
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Crude Oil is bearish with a strong run lower off today’s high, but don’t let them fool you into selling the next pullback because we’re sitting right at the low of last week’s range.

Knowing this, a more reliable plan for tomorrow morning is to wait for the sellers to try selling the next pullback, and buy into their stop-losses for an easy short-covering rally instead.

E-Mini S&P is bearish with what appears to be a Spike & Channel going lower, but don’t let them fool you, because the REAL clue is hidden inside the trading-range.

Keeping this in mind, the best plan for tomorrow is to wait for selling-opportunities at the high of the range.

And I have to say, I’m also looking for a possible short-covering rally off the measured-move target if we can get the “nested” 2-Try Failure set-up to trigger.

Nasdaq is bearish with a Spike & Range pattern, which tells us to look for selling-opportunities at the highs, while reminding us NOT to try selling these lows.

So don’t let the bears fool you on this, yes, the market is bearish, but NO, selling this low is always a bad idea!

Gold is bullish with a combination of a major bull channel, Spike & Channel, and narrow trading-range on the chart tonight.

Add up all these great clues and you have a battle-zone waiting below us that is worth waiting for on Tuesday morning.

Euro is bullish, but a recent “undershoot” of the bull channel tells us to wait for the "overshoot" on the opposite side before we s..

We’re headed into the end of the week tomorrow morning, and with markets still waiting on news for the “trade deal” we know that anything is possible.

But no matter what happens with the trade negotiations, I can see two BIG clues that tell me where to find the best (and worst) set-ups on Friday morning – are you ready?

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Crude Oil is bullish and almost back to the middle of this week’s trading-range, which tells me to stay patient and wait for the opportunity to buy below the range using the classic seller-failure entry set-up.

And don’t forget – the middle of the range is that same as last Friday’s closing price (61.86) which will be our target for both long and short tomorrow morning.

E-Mini S&P is bullish into a trading-range this evening, which tells me to look for buying opportunities using seller-failure set-ups below the range low on Friday morning.

And keep in mind – the bullishness of this market may successfully breakout of this range, and if/when it does, I'm watching for buying opportunities using the 123-Breakout set-up.

Nasdaq is bullish into a trading-range, which tells me to look for buy set-ups using seller-failures below the range.

I should also mention - my big concern about buying this market is the falling resistance trend-line coming down overhead, which reminds me to be aware of my entry location, and if needed, look for a trap entry instead.

Gold is bearish and trying to run back into the weekly trading-range, but with bullish momentum in the short-term, combined with a rising support trend-line, I need to be very careful selling too low.

Knowing this, my plan is to wait for a “Trap high” above the prior swings overhead, which will give me that little edge I need to sell back into the range.

Euro is bearish and looking for a move back down into this week’s trading-range, but just like Go..

Choosing the correct support and resistance levels for entry can make (or break) your trading career - and not all support and resistance levels are created equal!

Some levels are superior to others, and we’re going to dive deeper into that in tonight’s video – are you ready?
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Crude Oil is bullish into a small trading-range this evening, which tells me the best support and resistance levels for tomorrow will be using the “expansions” of the trading-range, along with the low of the Hidden Channel.

Knowing this, my goal is to wait for the sellers to attempt going lower, then buying into their stops using the 2-Try Failure pattern.

E-Mini S&P is bullish with a narrow bull channel, telling me that the best support and resistance levels will be deep below the channel, where the sellers wont dare chase the market lower.

Keeping this in mind, I also know we have a trend-line coming down as resistance overhead, which is the wrong place to buy, and knowing how to avoid losses is more than half the battle.

Nasdaq is neutral in a range-bound market, which tells me the most reliable support and resistance levels will be above and below the range, using those range “expansion” levels.

But keep in mind, the buyers have plenty of open space to buy near the lows, but the sellers don’t have much available, giving the bulls a slight edge on Thursday.

Gold is bearish with strong momentum after the buyers failed to hold the breakout earlier in today’s session, which tells me I can anticipate another leg lower.

And the best resistance levels for the sell set-up is the high of the Hidden Channel and the range expansions levels overhead.

Euro is bullish and sitting right in the middle of the weekly trading-range, which tells me to buy the low, sell the high, and avoid the middle.

And remember, any time we see a range, we know the most..

Are these markets bouncing because they’re ready to reverse directions?

Or, is this just profit-taking ahead of another round of selling tomorrow morning?

The answer is easier than you think – and it tells us exactly which patterns will work best for Wednesday’s trading session – let’s go!

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Crude Oil is bearish and finished the session inside a range, which tells me to focus on failures – buying the lows, selling the highs, and avoiding the middle.

But the REAL key on Crude Oil is all about TIME – making sure we grab those set-ups before tomorrow’s big news report.

E-Mini S&P is bearish in trend, but bullish in short-term momentum, which tells me which patterns will work best tomorrow morning.

Knowing this, I’m ready for both buying and selling-opportunities – all we need is the entry set-up.

Nasdaq is bearish in the long-term, but the short-term momentum is clearly bullish coming off today’s low.

And that momentum is a critical piece of information, because it tells us precisely which patterns will work best (and worst) on Wednesday morning.

Gold is bullish and trading up at the highs of a range, which is a horrible place to look for buy set-ups.

Instead, I’d rather wait for more confirmation using the 123-Breakout before I try buying the next pullback.

Not to mention, the top of the range is an excellent place to sell, but I need to use the short-term momentum in the correct way, with the “nested” failure set-up.

Euro is bullish, and I’d love to buy below the range lows, but the only entry pattern I'm seeing puts me in the middle of the range, which isn’t a very reliable place to buy.

Knowing this, I'm going to stay patient and wait for more reliable buying opportunities down below the trading-range, using the 2-Try Failure set-up to buy into the stops of the counter-trend sellers.

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Re..

Trade talks have the markets moving wildly on the charts today, and with that volatility comes big opportunities, but only if we have the right strategy to capitalize on the sharp pullbacks and corrections along the way – are you ready?

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Crude Oil is bullish with two strong legs higher in today’s session, which tells me to be looking for buying opportunities at the low of a new Hidden Channel tomorrow morning.

Knowing this, I'm prepared for a sharp pullback off the highs, which should fool the sellers into thinking this is a reversal – giving me the opportunity I need to buy into their stops for a short-covering rally back to re-test the highs.

E-Mini S&P is bullish, but sharp pullback just moments before the closing bell clearly confirms that these buyers are weary of holding this rally into the Asian session.

Knowing this, I want to buy this sharp pullback, but the momentum of these sellers is too strong to trust – so I'm waiting for the sellers to try twice before buying into their failure for a rally back to the high.

Nasdaq was bullish for most of today’s session, but the buyers took profit just moments before the closing bell, which sent the market lower with a sharp pullback off the high.

Keep in mind, I would normally be looking to buy a pullback off the high, but the severity of this sharp pullback is too much to trust, so I'm going to wait for a seller-failure pattern for a more reliable buying opportunity going back to the high.

Gold is bullish into a trading-range this week, which means the most reliable trading strategy is to buy the low, sell the high, and avoid the middle.

Knowing this, the bull bias leading into the range is the big clue for tomorrow – reminding me that buying the low of the range using seller-failure set-ups will certainly be the most reliable way to trade.

Euro is bullish into ..

The FOMC Announcement is behind us this evening, but that doesn’t mean we’re finished with today’s price-action – because tomorrow is “Reaction Thursday” – where the professional traders get back into the markets with confidence.

And the key to trading tomorrow’s session is being prepared for three different scenarios, which is why the “Rule of Three” is the topic of tonight’s newsletter.

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Crude Oil is bullish into a trading-range, which tells me to look for buying opportunities using seller-failures below the low of the range.

But don’t forget the sellers! Because they’re trying to sell the high of a long-term channel – which means we need to be prepared if they can hold!

E-Mini S&P is bearish with a strong run lower in response to the FOMC Announcement this afternoon, but this move lower was so extreme, I doubt any professionals are interested in selling way down here.

Knowing this, I'm going to wait patient to see how this market reacts to the move lower – knowing there will be three possible outcomes that I need to be ready for on Thursday.

Nasdaq is bearish with a tumble off the recent highs, giving the bears firm control of this market – but who wants to sell way down here? Not me!

Instead, I'm waiting to see if these sellers can actually hold the next pullback, and if successful, I'll be looking for a Spike & Channel pattern trading lower.

Gold is bearish with a strong run back to the low of the weekly trading-range, which is a great place to start buying – but not against all this bearish momentum, right?

A better strategy is waiting to see how these sellers react – do they hold? Do they fold? The key is going to be preparing for both scenarios, and I'll cover that in the video.

Euro is bullish in the long-term, but bearish in the short-term momentum – which tells me to look for buy set-ups, but only..

Markets are gearing-up for major news on Wednesday – with Crude Oil battling through the weekly inventory report, and the big FOMC Announcement after lunch – we know that ANYTHING is possible, so we need to be ready!
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Crude Oil is bearish into a trading-range ahead of tomorrow’s weekly inventory report, which tells me to look for selling-opportunities off the high of the range using buyer-failure patterns.

Knowing this, we just saw price shoot lower into the closing bell this afternoon, which means I'm looking for buying opportunities going back up into the range – but with such bearish momentum I need to wait for the “nested” failure instead.

E-Mini S&P is bullish with a strong spike higher to finish today’s trading session, which tells me to look for buying opportunities at key support levels tomorrow morning.

And with this “spike” higher, we expect to see one of three possible situations on Wednesday, so I'm getting prepared for those in tonight’s video.

Nasdaq is bullish with a spike higher as well, but unlike the E-Mini S&P, it still has plenty of room to keep running, so I'm anticipating a Spike & Channel, but I'll keep my eyes open for three different scenarios like the E-mini.

Gold is range-bound and sideways with a triangle pattern ahead of the FOMC Announcement tomorrow morning.

Knowing this, the secret to trading a triangle is to focus on the edges of the range for the entry patterns.

And don’t forget – when the triangle lines come together, expect a significant breakout attempt, which may hold, or my fail – and I'll cover those details in tonight’s video.

Euro is bullish with a Spike & Range pattern, which tells me to look for buying opportunities below the range using a seller-failure pattern.

I'm also watching to see if the buyers want to keep going higher – with the next measured-move target up ar..

We’re heading into the end of April, which tells us to expect increased volatility tomorrow morning.

And with some big news coming overnight, combined with range-bound markets on the charts – my focus will be trading those “failed failure” set-ups on Tuesday.

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Crude Oil is bullish and appears to want to go higher, but wise traders know that we’re also trading at the high of this morning’s range, which is a great place to catch the buyers on the wrong side of this market.

And to make that happen, my goal is to look for the buyers to try buying the next pullback, waiting to sell into their stops for a classic “failed failure” back down to the range low.

E-Mini S&P is bullish, which tells me to look for buying opportunities at key support levels on Tuesday morning.

The challenge is, we’re too high to buy – so my plan is to wait for a deep pullback to a cluster of support levels around 2940 and then look for buying opportunities into the stops of the sellers.

Nasdaq is bullish overall, but bearish in short-term momentum with a strong move lower in the wake of this evening’s earnings reports.

Knowing this, I want to buy this pullback, but the momentum is too strong for the bears, so the best strategy is to use a “nested” failure pattern, staying patient for the right time to buy into a short-covering rally back higher.

Gold is bearish, so I'm looking for selling-opportunities up at resistance levels overhead, and I can see a handful of great resistance levels up around the high of the major range, minor range, and high of the Hidden Channel.

Knowing this, I'm going to stay patient and look to sell using the 2-Try Failure pattern, with a target back to the low.

Euro is bullish, but just like Crude Oil, it’s trading into the high of last week’s trading-range, which is a horrible place to get long.

Knowing this, I'm an..

Markets are still using the same ranges from earlier this week, but with some strong moves lower today, the focus will be on momentum and how price responds to the moving-average.

And remember, anytime we have a range-bound environment, it’s all about avoiding the middle and finding the “sweet spot”.
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Crude Oil is bearish with a strong run lower, which tells me to look for selling-opportunities into a second leg down to the ‘pendulum swing’ target from earlier this week.

But don’t forget about the weekly range – reminding me to watch closely to see if the buyers can respond to the moving-average and give us a short-covering rally back into the range on Friday.

E-Mini S&P is bullish, but the strength of this recent spike lower tells me I need to respect the sellers until I can see a reliable time to enter the market long.

Knowing this, I'm going to wait for the sellers to attempt another leg lower, and look for buying opportunities into their stops for a run back up into the range tomorrow morning.

Nasdaq is bearish and running back down to the low of the weekly trading-range, which tells me I want to be looking LONG going back into the range above us.

The challenge, however, is the strength of this move lower, which will most likely give the sellers confidence to attempt a second leg.

Knowing that, I'm going to wait for the bears to commit at the moving-average, and then look for buying opportunities going into their “pain points” with a target back at the opposite side of the triangle.

Gold is bearish with a strong run off today’s high, and when you combine that with the fact that we’re in a range-bound market, the likelihood of a ‘pendulum swing’ is quite good.

Keeping that in mind, I'm trying to sell, and to do that, I'm going to look for buyers to try chasing the market higher and sell into their stops for a..

Markets are still reeling after this week’s early round of earnings reports, and with most of our markets now re-testing their weekly highs and lows – the big question on my mind this evening is – “should I trade it, or should I fade it?”
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Crude Oil is bearish into a small trading-range this evening, which tells me to look for selling-opportunities using buyer-failures up at range-expansion levels waiting overhead.

And speaking of overhead resistance, there is a major trend-line coming down overhead as well, which makes for an excellent location to “fade” the next move higher.

E-Mini S&P is bearish as the bulls appear to be taking profit off their weekly highs, but we’ve seen this story many times before – reminding us that this is most likely just a deep pullback in this overall bullish trend.

Knowing this, I want to buy the pullback, but I still need to respect the momentum of the sellers – so the best plan of attack is to wait for the “nested” failure set-up to trigger the long-side going back up to re-test the high.

Nasdaq is bullish and just re-tested the weekly highs on a strong spike higher, which tells me to look for buying opportunities, but I need to wait for more information because these highs are the last place I want to start buying.

Keeping that in mind, I'm waiting for a 123-Breakout for confirmation that I can trade it – but if the buyers struggle at these highs, I'm looking for a '2-Try Rule' buyer-failure to fade it back down to the lows again.

Gold is bullish after a beautiful 123-Reversal off the weekly lows, which tells me to look for buying opportunities at the intersection of a new Hidden Channel and reversal-line tomorrow morning.

And don’t forget – the high of the monthly range is just a few points overhead, which reminds us NOT to chase this market higher, waiting patiently for bear-tr..

Markets were RED HOT going into this week’s earnings reports, and with strong runs on the charts tonight, I'm watching for three specific set-ups on Wednesday.
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Crude Oil is bullish with a wide bull channel, which tells me to look for buying opportunities at the low of the channel.

With that said, the width of this range is going to give the sellers a little more momentum than I would like, so I'm waiting to see them try and fail at the moving-average for the most reliable buying opportunities going back to the high.

E-Mini S&P is bullish with a Spike & Range pattern, which is one of the three set-ups I'm always watching during earning’s season.

Knowing this, the size of the range plays a BIG role in finding reliable support and resistance levels for tomorrow morning, and I'm waiting to buy a pullback using a seller-failure tomorrow morning.

Nasdaq is bullish with a Spike & Channel pattern, which always tells me to look for a DEEP pullback off the highs for the best buying opportunities on Wednesday.

It’s also important to remember that we haven’t reached the measured-move objective yet, so there may still be some gas left in this tank, but make no mistake, the wise traders are sitting on hands, waiting for the pullback.

Gold is bullish with a 123-Reversal coming off the lows of the monthly trading-range, which tells me to look for buying opportunities going back into the original range again tomorrow morning.

Knowing this, I can see the 123-Reversal off the lows, so I'm waiting for entry down at the low of a new Hidden Channel.

Euro is bearish with a strong run lower, completing channel rotation, and the measured-move before the sellers starting taking profit.

Completing the measured-move is a big clue, because in most cases, we should see a small bounce, followed by another round of selling-opportunities using..

We’re back in the action once again, this time after a Holiday Weekend, which historically gives us plenty of opportunities as markets try to make up for lost time.

This evening we can see plenty of range-bound markets, combined with strong momentum swings, is telling us to wait for breakout traders to get trapped in their positions before we look for entry directly into their “pain points” on Tuesday.
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Crude Oil is bullish with a Spike & Range pattern, telling me to look for buying opportunities using seller-failures down below the low of the range.

Knowing this, I want to avoid buying the bull breakouts because the more reliable trading opportunities will be selling off the highs using the “nested” buyer-failure instead.

E-Mini S&P is bullish, but we’re trading at the high of the range, which is a horrible place to start looking for entry set-ups.

Knowing this, I’d rather buy the low of the range using a seller-failure set-up, or wait for a “nested” failure pattern to sell off the highs.

Nasdaq is bullish and appears to be ready to breakout of last week’s trading-range, but look closely at the chart and it’s easy to see this is most likely a trap.

Knowing where we are on the chart, a more reliable entry pattern would be a sell set-up using a buyer-failure instead – with a target going back down to the low of the range.

And of course, I'm going to keep my eyes open for a successful breakout, but only time will tell if we get that 123-Breakout set-up to confirm it.

Gold is bearish and trading inside the same range from last week, which tells us to keep looking for selling-opportunities up above the highs using the buyer-failure set-up.

And don’t forget the buy-side; with such a well-respected trading-range, it should be easy to find buying opportunities using the “nested” seller-failure set-up to buy off the lows..

Markets are back inside narrow ranges this evening, and with narrow ranges come the challenge of “threading the needle” with the proper entry timing and techniques, which is the topic of tonight’s newsletter.
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Crude Oil is bearish and trying to complete a measured-move, but we’re trading at the low of a range this evening, which tells me to focus my attention on buying into seller-failures when the time is correct tomorrow morning.

E-Mini S&P is bearish as well, and just like oil, at the low of its range, which tells me to avoid selling this market lower and look for buying opportunities to catch the rookie sellers getting trapped on the wrong side.

Nasdaq is balanced with a narrow trading-range going into Thursday’s session, which reminds me to avoid trading inside the range and wait patiently for an attempted breakout so I can fade the breakouts going back into the original range.

Gold is bearish and four legs down into a narrow trading-range, which tells me I need to beware getting trapped inside the range, and wait patiently for good risk-reward-ratio opportunities getting as far outside the range as possible.

Euro is sideways and balanced with a narrow range ahead of tomorrow’s big inflation report, which tells me to buy the low, sell the high, and most importantly, avoid the middle tomorrow morning.
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Trading Psychology Videos:
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Economic News:
Please remember that ..

We had some BIG moves on the charts today, but looking deeper into the charts, it’s easy to see that the ‘pendulum swing’ strategy is going to be the most effective way to plan our entries and exits for Wednesday's session.
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Crude Oil is racing higher back to the monthly highs with a short-covering rally off today’s low, which tells me to find a shallow pullback before I miss the finishing drive up to the highs.

Knowing this, I'm keeping my eyes open for a Spike & Channel or a trading-range, and once I know what we get, then I start looking for the entry pattern from there.

E-Mini S&P is bearish and trying to finish the ‘pendulum swing’ target back below the range low, but look closely and you can see we’re sitting in the middle of this range – a horrible place to trade.

Keeping this in mind, I'm going to wait for my shot to sell off the high of the range using a buyer-failure pattern, or wait to buy the low of the range using the “nested” failure set-up.

Nasdaq is bullish with a Spike & Range pattern, which tells me to look for buying opportunities below the range using the 2-Try Failure pattern.

Furthermore, if the buyers try to breakout of this range to new highs, I need to stay patient and see how the markets respond.

If it’s strong, I can trade the 2-Try Breakout Pattern if it’s on strength, but weakness for the bulls will tell me to fade the breakout back down again.

Gold is bearish with four legs lower into a narrow trading-range, which tells me to sit-on-hands and wait for price to pop higher so I can sell into the stops of the buyers looking for the reversal.

Speaking of the reversal, it’s also easy to see a major ‘pendulum swing’ support level right at today’s low, which encourages us to watch for a short-covering rally and the buying opportunities that come with it tomorrow morning.

Euro is bearish wi..

Momentum is a BIG factor going into Tuesday’s trading session – with strong counter-trend swings and wide trading-ranges, we a strategy that not only respects that momentum, but harnesses the strength of that momentum to help us reach our targets tomorrow morning.
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Crude Oil is bearish, but this short-covering rally coming off the measured-move tells me that I need to respect the bullish momentum before I try selling at key resistance levels overhead.

Knowing this, I'm going to wait for a test of resistance, followed by a “nested” failure set-up for the most reliable selling-opportunities tomorrow morning.

E-Mini S&P is bullish, but we’re sitting smack in the middle of a WIDE trading range, which tells me to sit-on-hands and wait for more reliable buying opportunities down near the lows.

But don’t forget about these highs – if the bulls finish this move back to the highs, then I want to sell off the high, but with momentum being so bullish, I need to stay patient and harness that momentum for a 2-Try Failure going back to the lows.

Nasdaq is bullish and trading at the high of a range this evening, which means we’re too high to buy, and I need to stay patient.

I’d like to sell the high, but first I need to harness the momentum using a “nested” failure set-up.

And don’t forget about the possible breakout, reminding me to wait for the 123-Breakout for my next buying opportunities going higher.

Gold is bearish and pulling back to the key resistance level called a “reversal-line”, which is always a great place to look for sell set-ups.

The challenge, however, is this move higher, which is VERY bullish; so rather then trying to sell this market, I'm going to wait for the buyers to try and fail before pulling the trigger.

Euro is bullish into a triangle pattern, which tells me to focus on failure set-ups around the..

We’re getting prepped ahead of Friday’s trading session - but with multiple scenarios setting-up for our favorite markets, it’s important to remember those little clues that are MORE important than the actual entry pattern.

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Crude Oil is bearish with a strong run lower, which tells me to look for selling-opportunities at the high of a channel.

The problem, however, is that this channel is WIDE, which means there will likely be a momentum shift before we get the entry pattern to sell, reminding me to wait for a more specific entry pattern.

E-Mini S&P is range-bound with bearish momentum this evening, which tells me to look for entry patterns to sell above the range high tomorrow morning.

The challenge, however, is this rising support trend-line, telling me I need to beware selling low, and focus on selling as high as possible on Friday morning.

Nasdaq is bearish with a lazy trend going lower, which tells me I should expect a relatively deep pullback before trying to sell this back down to the lows.

Knowing this, that big move higher will likely give the buyers the edge, which tells me I need to adjust my entry set-up to absorb that momentum.

Gold is bearish with a strong run lower, telling me to look for selling-opportunities up at key resistance levels tomorrow morning.

Keeping that in mind, I'm looking for sell set-ups using the high of this Spike & Channel pattern, keeping a close eye on the momentum of this pullback because that will tell me which entry pattern will work best.

Euro is range-bound with bearish momentum going into Friday’s session, which tells me to focus on selling above the range using buyer-failure patterns.

Which reminds me, the recently trend was bullish, so I'm watching for those buyers to try and buy the highs so I can sell into their stops for an easy move back to the lows.
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Markets are finishing today’s session with strong bullish moves, which tells me to look for pullbacks to key support levels, such as the low of Hidden Channels…

But look closely, and you can see many of these charts have three legs going higher, which tells me exactly what to be looking for on Thursday morning.
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Crude Oil is bullish with two flag patterns, which tells me to look for buying opportunities after the breakout-pullback above the highs.

Knowing this, I need to stay patient, waiting for the pullback and the sellers to fail below the moving-average, but the wait will be worth it because we have a BIG measured-move target waiting overhead.

E-Mini S&P is bullish with a 123-Breakout above today’s range high, which tells me to go looking for a pullback to the low of the Hidden Channel, which also lines-up with a key reversal-line as support.

Its also important to remember, Monday’s high is just around the corner, reminding me to avoid chasing the market higher, and if needed, waiting for bear-traps to buy the shallow pullbacks.

Nasdaq is bullish and re-testing the weekly highs with three strong legs higher, which is a BIG clue, because that usually means the following day is going to be a range-bound market.

Knowing this, I'm waiting to see double-tops at these highs so I can start planning for the 2-Try Failure using the range levels as key support tomorrow morning.

Gold is bullish and just completed its three leg move, which tells me that (yes) we’re bullish, but (no) I don’t think it’s wise to start buying at this lofty price.

On the flip side, I’d rather wait for a deep pullback, preferably down to the 1310 area where I can combine a reversal-line with the low of a new Hidden Channel.

Euro is bullish with a strong bullish rally back into the weekly trading-range, which tells me to look for buying opportu..

The markets are setting-up with reliable chart patterns tonight, but with multiple news events all happening on the same day, tomorrow’s “Super Wednesday” session has the potential to be really GOOD, or really BAD… are you ready?
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Crude Oil is bearish into a trading-range, which tells me to look for selling-opportunities above the range, using the “range expansion” levels as key resistance.

E-Mini S&P is bearish tonight into a range as well, and I would love to find a few entry set-ups to sell off the high of this Hidden Channel because it’s lined-up perfectly!

Nasdaq is bearish into a narrow trading-range, which tells me to wait patiently for selling-opportunities above the highs.

I'm also watching for failed breakouts for the sellers too, because the measured-move target is just below this range, and id love to buy into the stops of those rookie sellers who get caught chasing the market lower.

Gold is bullish into a trading-range, which tells me to look for buy set-ups using the expansion levels below the range.

Even more importantly, I can see a prior reversal-line that was missed by a few ticks earlier today, and something tells me that level is going to be a HOT SPOT tomorrow morning.

Euro is bullish into a trading-range, but after the buyers failed their attempted breakout, the market is now swinging back down to the lows again.

Knowing this, my plan is to use the ‘pendulum swing’ to find the best levels to combine with buy set-ups on Wednesday morning.

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Trading Psychology Videos:
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Contact the office for more..

We saw some big moves on this “Reaction Monday”, but it’s easy to see that we’re too high to buy right now, so I’m waiting for a pullback…

And as I wait for a pullback, I'm asking myself, “is this a pullback, or is this a full trend reversal?” - so, let’s make sure we plan for both situations.
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Crude Oil is bullish with a strong run higher, a 2-legged pullback, and a re-test of the high.

The re-test of the high confirms the bulls are clearly in control of this market, but this location isn’t great to start buying.

My plan instead, is to wait for a pullback into the battle-zone, or look for a 2-Try Breakout Pattern to new highs tomorrow morning.

E-Mini S&P is bullish as it rotates off the low of a range with strength.

This move for the bulls is rather strong, which tells me to look for buying opportunities, but I don’t want to buy into these highs.

Knowing this, a better plan would be to wait and see if I can buy a pullback at the low of a new Hidden Channel with a target going back to the high.

Nasdaq is bullish and just a few inches away from reaching two major resistance levels overhead, which is a horrible place to look for buy set-ups.

With that in mind, I need to stay patient and wait for a pullback off these highs, ideally around the reversal-line at 7605.

I'm also keeping an eye on a possible reversal, which means I'm watching the moving-average closely to see how price-action responds.

Gold is bearish after a 123-Reversal off today’s high, which now tells me to look for selling-opportunities at the high of a new Hidden Channel.

It’s also important to remember that Gold was bullish to begin today’s session, which means I'm going to be watching the moving-average to see if this next move higher is a pullback or a full reversal.

Euro is bullish with a Spike & Range pattern, telling me to avoid buying in..

We’re preparing for Non-Farm Friday, the biggest news day of the month…

And with most of our favorite markets still bouncing around inside of ranges, we know that expansions, momentum, breakouts, and entry set-ups are going to be the difference between winning and losing on Friday morning, are you ready?
--------------------
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[ INSERT SHORT OVERVIEW SUMMARY HERE ]
--------------------
Read the FULL Transcript of this Video & Download Today’s Charts:
http://www.sidewaysmarkets.com/
--------------------
Trading Psychology Videos:
https://www.sidewaysmarkets.com/trader-psychology/
--------------------
Become a Member and Join the Trade Room:
http://www.schooloftrade.com/
--------------------
Contact the office for more information:
[email protected]
800.381.2084
Skype: Megan.James12345
----------------------------------------------
Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
PLEASE DO NOT TRADE DURING TIMES OF MAJOR ECONOMIC NEWS
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Joseph James, 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 have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to ac..

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Created 2 years, 3 months ago.

465 videos

CategoryBusiness & Finance

After developing his own proprietary trading strategy, Joseph became the head-trader at the SchoolOfTrade.com so that he could share his passion of technical analysis and day trading with the rest of the world.

Joseph has grown SchoolOfTrade.com into most likely the #1 day trading educational website in the world, and is known as an industry leader in education and development of new day trading strategies for financial markets around the world.

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