School Of Trade

We had quite the volatile session today, with lots of strong “spikes” going in both directions, and don’t ignore those strong “spikes” because they’re important clues for Friday morning’s trading strategy – are you ready?
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Crude Oil is bearish into a narrow trading-range this evening, which tells me to look for sell set-ups up above the high of the range…

And speaking of the high, we have a recent bull “spike” telling me to expect the bulls to give this another shot going higher, at which point I'll be waiting to sell it with a failure pattern.

E-Mini S&P is bullish and back inside the same range from yesterday, telling me to look for buy set-ups below the range using seller-failures…

And don’t ignore that big bear “spike” we saw earlier today, because that tells us the sellers will likely be looking for another leg lower, and if so, we’ll be waiting to buy into their stops for a short-covering rally back to re-test the highs.

Nasdaq is bullish into a narrow trading-range, telling me to avoid the middle and focus on buy set-ups below the range low…

But don’t forget that strong bear “spike” we saw earlier in today’s session, because the sellers will likely give this another try lower, and if they do, we want to wait for them to fail with a “nested” failure set-up going back higher.

Gold is bearish in the short-term but bullish in the long-term, which tells me to look at playing both sides of the market on Friday morning…

Knowing that, I'm looking to use a combination of the bear channel and the range-expansions to buy low and sell high using failure set-ups tomorrow morning.

Euro is bearish into another trading-range, telling me to look for sell set-ups above the range highs using buyer-failures…

And if price tries running lower, the only way to safely buy it is with the “nested” failure coming up off the low – b..

Most of our favorite markets look bullish heading into Thursday’s session, but with such strong momentum moves back and forth on the chart, it’s important that we learn the best way to “trade the turn” in tonight’s newsletter – are you ready?

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Crude Oil is bearish, but we’re trading at the low of a major bull channel, which tells me to anticipate “the turn” going higher and a full rotation back to the highs…

Knowing this, I want to buy off this low, but the bearish momentum tells me I need to wait for either a “crown reversal” or 123-Reversal into a Hidden Channel pullback for buy set-ups going higher.

E-Mini S&P is bullish and trying to push through the highs of today’s trading-range, which is always a very dangerous place to be buying…

Knowing this, I'm happy to buy this market after a 123-Breakout or a 2-Try Breakout Pattern going higher…

But I’d rather buy the low or the range instead, because that’s where the most reliable buy set-ups will always be.

Nasdaq is bullish and trying to breakout above the high of today’s narrow trading-range, which isn’t always easy, so I need to wait for PROOF before I buy the breakout…

And speaking of breakout, I'm looking for a 123-Breakout or 2-Try Breakout Pattern to buy before we re-test the major high up at 7790.3

And just like the S&P, id much rather buy the Nasdaq below the range, looking for buy set-ups into the stops of the counter-trend sellers using a failure set-up.

Gold is bullish and stuck inside a range this evening, telling me to buy the low, sell the high, and avoid the middle of this range until we get a breakout.

Knowing this, my plan is to look for buy set-ups using seller-failures below the range low, or a (counter-trend) “nested” buyer-failure to sell off the highs.

Euro is bearish and range-bound going into Thursday, so my plan is to sell the high, buy ..

We’re anticipating more range-bound markets in Wednesday’s trading session, which means we’re focused on failures, buying low and selling high…

But we’re also anticipating some breakouts of those ranges, which means I'm keeping my eyes open for the 2-Try Breakout Pattern – are you ready?

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Crude Oil is bullish, but it looks like we’re back inside a trading-range again this evening, which tells me to buy set-ups down below the range a failure set-up…

But with the strong bull run before the range, I'm also keeping my eyes open for a 2-Try Breakout Pattern to run higher.

E-Mini S&P is bearish with a strong run lower to finish today’s session, which tells me to expect another leg in the same direction…

And my plan is to look for sell set-ups at a key “battle-zone” resistance area waiting overhead on Wednesday morning.

Nasdaq is bearish with a strong run lower into the closing bell, and with such strength into the close, I assume there will be plenty of sellers waiting to sell at resistance levels tomorrow morning…

Knowing this, I've got my eyes on the reversal-line up at 7685.50, in combination with a buyer-failure set-up for another leg lower.

Gold is bullish into a narrow range-bound market this evening, which tells me to look buy set-ups using the “battle zone” as key support below…

But if price continues this bullish momentum higher, I'm looking for a 123-Breakout or a 2-Try Breakout Pattern to complete the measured-move target at 27.3.

Euro is bearish into a WIDE trading-range, which tells me to sell the high, buy the low, and avoid the middle tomorrow morning…

But the big clue on this chart is the recent bullish momentum swing off the low, telling me to look for a “nested” failure set-up off the highs.

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The markets started the new week with a bullish GAP at the open, followed by a strong run higher, which are two big clues playing into my plan for tomorrow morning…

Markets are bullish, there’s no doubt about that, but they went too far, and we’re waiting for a pullback to buy more, but the real clue is that GAP at the open…

Because when we get the pullback, we can assume that sellers will be trying to fill that GAP, and experienced traders will be waiting to trade into the “Gap Fill Failure” – Are you ready for this?

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Crude Oil is bullish with three legs higher in today’s session, which tells me that I need to wait for a lower price before I can buy more…

Knowing this, I'm looking for key support levels to structure my trade, and I can see the low of a new Hidden Channel waiting patiently for the pullback…

E-Mini S&P is bullish into the combination of a trading-range and a Spike & Channel, both of which tell me to look for buy set-ups after a deep pullback…

And that deep pullback will likely fool the counter-trend sellers into thinking the GAP will get filled, at which point we can buy into their stop-losses for what should be an easy short-covering rally back to re-test the high.

Nasdaq is bullish into a Spike & Channel, which tells me to look for buy set-ups near the “base” of the channel tomorrow morning…

Knowing this, a deep pullback will swing the momentum for the sellers, and as the bears try filling that GAP over the weekend, professionals will be waiting to buy using the GAP fill failure.

Gold is bearish, but after two attempts to re-test today’s low, the sellers appear to be struggling, and look likely to head back up into the range waiting above…

But before I look for the entry going long, I need to wait for them to sell off the next resistance level so I can buy into their stops for a short-covering ..

We have one day left in this second week of August, and with most of our markets turning sideways into ranges, the key is going to be buying low, selling high, and avoiding the middle…

And my favorite way to trade these types of range-bound markets is to use the inverted triangle pattern, in combination with my failure set-up – are you ready?
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Crude Oil is range-bound with a bear-bias this evening, which tells me to look for sell set-ups at key resistance levels above the high of the range…

And I have my eyes on the highs and lows of an inverted triangle, in combination with a failure set-up, with a target going back into the range again.

E-Mini S&P is bearish into a narrow trading-range, which tells me to buy the low, sell the high, and avoid the middle…

But one big clue that stands out on this chart, is the short-term momentum for the bulls – telling me to look for a “nested” variation of my failure set-up to sell off the high of the inverted triangle.

Nasdaq is range-bound with bearish momentum, which tells me to look for sell set-ups using resistance levels above the high of the range…

And I have my eyes on the range-expansion levels, combined with the high of an inverted triangle for sell set-up tomorrow morning.

Gold is bullish into a flat bull channel, and a trading-range, which tells me to look for buy set-ups below the range using a seller-failure pattern.

But if price keeps pushing higher, the next objective is the measured-move, and without a lot of open space overhead, I'm focused on “traps” for the most reliable way to buy it.

Euro is bearish with three large legs going lower, which is a big clue that this market is likely going to turn sideways into Friday morning…

Knowing this, my plan is to wait for the range to be confirmed, then look for sell set-ups above the high using a 2-Try Buyer-failure..

Markets gave us another big run today, but with such strong momentum, we can assume that a lot of traders are waiting for the next deep pullback…

And while we’re watching for that pullback, it’s important to remember the three most important rules for qualifying a winning trade – are you ready?

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Crude Oil is bearish, but the last-minute rally for the bulls gives the buyers a slight edge going into the overnight Asian session…

And since we’re back inside the range from earlier this morning, my plan is to look for a seller-failure set-up to buy below the range low.

E-Mini S&P is bearish into a wedge pattern, but it’s not what happened today that’s most important – it’s what didn’t happen – we never got a deep pullback!

Knowing this, I assume that sellers are patiently waiting to sell the next pop higher, and I'm going to use the strength of that pullback to tell me which type of sell set-up I want to use tomorrow morning.

Nasdaq is bearish with a strong run lower, ending in a range, which tells me to look for sell set-ups above the range tomorrow morning.

I'm also watching for a possible short-covering rally off the measured-move support level too, but since this momentum is so strong for the bears, I need to wait for the crown-reversal set-up to be sure.

Gold is bullish and trying to re-test yesterday’s high, but we’ve started trading sideways inside a narrow range, which tells me I need to wait for a pullback…

And I have four support levels all coming together at the same place – the low of a channel, a reversal-line, range-expansions, and a Hidden Channel.

Euro is bearish and trying to break free of this morning’s trading-range – which tells me to keep my eyes open for a short-covering rally back into the range where we started…

But remember, the bearish momentum is too strong to try “p..

We saw some incredible momentum moves in today’s trading session, but most of our markets finished inside of trading-ranges…

And those ranges tell me to focus on failures - buying low, selling high, and looking for reliable support and resistance levels using confluence on Tuesday morning – are you ready?

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Crude Oil is bullish with a strong Spike & Channel running higher, which tells me to wait for buy set-ups after a deep pullback…

So I'm looking for reliable support levels to combine with my buy set-ups, and I can see a major “confluence” zone waiting with my name on it Tuesday morning…

E-Mini S&P is bullish into a range-bound market, which tells me to look for buy set-ups below the range…

Knowing this, I can see a clear “confluence” area below the range, where the Hidden Channel and range-expansion levels come together.

Nasdaq is bullish into a narrow trading-range, which always tells me to wait for a DEEP pullback before trying to buy going back up to the high…

And my plan is to use the low of a Hidden Channel in combination with the battle-zone for the most reliable entries on Tuesday.

Gold is bearish into a trading-range this evening, which tells me to buy the low, sell the high, and focus on failures tomorrow morning…

And since the bears have the control, my goal is to sell off the high, but I’m also keeping my eyes open for the opportunity to buy the low using a “nested” failure pattern.

Euro is sideways and range-bound this evening, telling me to continue buying low, selling high, and avoiding the middle…

But what really catches my eyes on the Euro is the recent shot going lower, telling me to wait to start buying into seller-failures AFTER we re-test Monday’s low.

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We can see trading ranges on all of our favorite markets going into Tuesday morning, which means my plan is to fade the breakouts using failure patterns…

But we also have some strong momentum moves into this afternoon’s closing bell, which means timing the entry properly is going to require some attention to details – are you ready?

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Crude Oil is bullish and trading back inside the range from earlier this month, which tells me to avoid buying this high, and wait for a deep pullback to buy instead…

So my plan is to wait for the pullback to the low of a new Hidden Channel where I can look for buy set-ups using a seller-failure pattern and a target back up to re-test the high.

E-Mini S&P is bearish with two strong legs lower into a Spike & Channel pattern, telling me to look for sell set-ups off the high…

The challenge, however, is this rising support trend-line coming up off the lows, which is tipping us off to a possible short-covering rally back up into the range tomorrow morning.

Nasdaq is bearish with an "overshoot" at the low of a bear channel, which often results in a short-covering rally going all the way back to the channel high…

Knowing this, my plan is to look for a buy set-up using the “nested” 2-Try Failure pattern, waiting for the sellers to try twice before I attempt buying into the stops.

Gold is bullish into a trading-range this evening, which tells me to buy the low and sell the high of the range on Tuesday morning…

But the real clue is this recent “pump and dump” off the highs, which tells me these buyers bit off a little more than they can chew…

Knowing this, I'm looking for buyers to try and fail at these highs, giving me the opportunity to get short with a target going back into the range from earlier this morning.

Euro is still choppy and range-bound, rotating back and forth inside the same..

Markets continue to trade on increased volatility this week, and with sharp moves back and forth on the screen, it’s easy to get suckered into trading reversals…

But wise traders know better than that – they look for situations where a reversal is possible, they wait for the rookies to take the bait, and they capitalize on those failed reversals as they “snap back” to their pre-dominant trend…

And we’re likely going to see a handful of those failed reversals tomorrow morning – are you ready for them?
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Crude Oil is bullish with (what appears to be) the start of a short-covering rally off today’s lows, which tells me I need to act quickly if I want to get into a winning position before we re-test today’s high.

Knowing this, I'm looking for a pullback to the low of a new Hidden Channel, but if the market keeps pushing higher, I'm going to get more aggressive and look for a 2-Try Breakout Pattern instead.

E-Mini S&P is bullish and re-testing today’s high, which is major resistance, telling us to sit-on-hands and wait for a better place to buy more on Thursday…

Knowing that, I'm either waiting for a deep pullback to buy into the seller-failure, or I'm waiting for another leg higher to give me confirmation of the next leg for the bulls.

Nasdaq is bullish with a strong run back to re-test the high of day, which tells me I should avoid “chasing” this market at these highs, and wait patiently for a pullback…

And as for the pullback, I have my eyes on the combination of the Spike & Channel and Hidden Channel lows for a highly-reliable level of support.

Gold is bullish into a sideways trading-range, which tells me the market is “balanced” going into Thursday morning…

Knowing this, the best plan will be to wait for the bears to try taking it lower, and buy into their stops using the 2-Try Failure pattern.

And if price keep..

Most of our favorite markets are bullish and finishing today’s session up at the highs, but question on everyone’s mind is – “Will this rally continue tomorrow?”

The E-Minis and Gold are waiting for confirmation before we can buy more, the Euro is trying to re-test today’s high, and Crude Oil has a few different scenarios we need to plan for ahead of Wednesday morning – are you ready?
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Crude Oil is bearish with a strong run back to re-test the prior lows, which tells us we’re indeed bearish, but leaves us waiting for PROOF that these sellers actually want to take it lower…

Knowing this, I can't sell at these lows, so I'm waiting for a pullback to sell off the battle-zone overhead, or waiting for more confirmation to structure the next sell set-up off the high of a Spike & Channel.

E-Mini S&P is bullish and just completed a triple measured-move, which confirms the bulls are in good shape, but they need some more PROOF before we can take this higher…

Knowing this, I'm ready and waiting for a pullback to the low of the channel, and if we get that pullback my goal will be to use a seller-failure set-up to buy going back up to re-test the high.

Nasdaq is bullish and recently re-tested today’s high while completing a triple measured-move, telling us that we’re bullish, but we’re a bit too high to start buying at this major resistance level…

A better plan, would be to wait for a pullback to the low of the channel, and then look for buy set-ups using a seller-failure set-up…

Gold is bullish and sitting right at today’s high, which is considered major resistance, and far too expensive to consider buying…

So I'm going to wait for a pullback instead, looking to buy the battle-zone below this afternoon’s trading-range…

Euro is bullish, but it looks like we’re back inside a narrow trading-range again, which isn’t a very relia..

We sure didn’t waste any time getting things moving in the month of August…

With the US and China going “eye-for-an-eye” in the trade war, these markets have been explosive with plenty of great set-ups…

And with big moves up/down on our favorite markets, we have plenty more set-ups coming for Tuesday’s trading session – are you ready?

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Crude Oil is sideways in a range-bound market, which tells me to buy the low, sell the high, and avoid the middle of the range on Tuesday morning.

Knowing this, my plan is to wait for an attempted breakout and then look for failure set-ups to send price back into the original range once again.

E-Mini S&P is bearish with four big legs lower today, which tells me to expect tomorrow to go sideways with a trading-range…

Knowing this, my goal is to keep looking for ways to sell as high as possible, and to do that, I'm waiting for buyers to try taking it higher, so I can sell into their failures.

Nasdaq is bearish and almost four legs down, which tells me to avoid selling this market now and wait for the opportunity to sell off key resistance levels waiting overhead…

And speaking of resistance, I'm watching a Hidden Channel, drawn off the lower-lows, and waiting to be used up at the high.

Gold is bullish with a Spike & Channel, which quickly pulled-back and shot back up to re-test the high – but the buyers got rejected up at the highs!

This rejection is a big clue, because it tells me to consider this market as a range, and focus on buying the low of the range using seller-failure set-ups tomorrow morning.

Euro is bullish with a Spike & Channel pattern, which tells me to mark the “buy zone” at the base of the channel and wait patiently for a pullback…

And as we open in Asia, its easy to see this market may keep trying to push higher, and if so, I'll just keep waiting for that pullbac..

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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 accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 4.41 These results are based on simulated or hypothetical performance results..

We got some big moves in today’s session, but it looks like we’re going to settle into some trading-ranges for Friday morning…

And any time I see ranges on the chart, I know the key to our success will be using the best entry set-ups in the best locations – are you ready?

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Crude Oil is bearish and trying to re-test yesterday’s low at 55.33, but look closely and you can see we’re back inside the range from earlier this week…

Knowing this, I want to sell the high of this range, and the best entry set-up will be a buyer-failure above the high of the range.

E-Mini S&P is bearish into a trading-range, which tells me to look for sell set-ups up above the range using the '2-Try Rule'…

And don’t forget the major support below the range, because if price tries to push lower, the best entry set-up will be a “nested” 2-Try Failure pattern going long.

Nasdaq is bearish overall, but this recent bull “spike” tells me the short-term momentum is far too bullish to try selling…

Knowing this, if the buyers can hold this pullback, the best entry set-up will be a 123-Reversal into a “hidden channel” pullback.

Gold is bearish and sitting right on two major support levels, which tells me this isn’t a very reliable place to be selling…

A better plan is to wait for a pullback, but this recent higher-low on the chart tells me that pullback is going to create a support trend-line, which opens this market up for a trend reversal going higher on Friday morning.

Euro is bearish after a wild ride in today’s session, but we’ve ended up right back in the middle of the range again, making the plan simple for tomorrow morning…

I want to buy the low, sell the high, and avoid the middle of this range, with the best entry set-ups being the 2-Try Failure patterns above and below the range.
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Another trading day in the books - but there’s no time to rest, because we have another round of explosive set-ups coming for Thursday’s session…

And as I look at the charts this evening, the biggest key to our success on Thursday will be understanding “where’s the market's objective?” – Are you ready?

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Crude Oil is bearish with a strong run lower, but looking closely at the chart and it’s easy to see this is a horrible place to be selling…

Knowing this, I'm looking to be a buyer tomorrow morning, but first I need to let the bears commit to the sell set-up before I try buying directly into their stops…

E-Mini S&P is bullish with a strong run higher to finish today’s session, but look closely at the chart and you can see we’ve just completed three major market objectives, which tells me this isn’t a great place to be buying…

Knowing this, my plan is to wait to buy a pullback where I can “risk small to earn large”, and I have my eye on a combination of multiple support levels waiting below.

Nasdaq is bullish with a strong run higher, followed by an equally-strong move right back down again, which tells me I need to wait for more information before I try buying this pullback…

And my plan is simple; wait for the rookie buyers to get in too early, wait for them to get stopped-out (with their tight stops) and then buy the “trap low” for an easy run back to the highs.

Gold is sideways and range-bound with a triangle pattern this evening, which tells me to buy the low and sell the high of the range using failure set-ups.

And don’t forget about the ECB Announcement tomorrow morning, which could easily lead to a 123-Breakout and a run in either direction.

Euro is bearish into a narrow trading-range, and with the ECB Announcement just around the corner, my plan is to fade the breakouts using the '2-Try Rule' until we get t..

Our favorite markets have a lot of “moving pieces” to follow this week, and with major news tomorrow morning, it’s important to have our trading plan ready before the opening-bell…

And whenever I see this many “moving pieces” on the charts, I know there will be opportunities to catch the unprepared rookies on the wrong side of the market…

Which is why I always tell my best clients – “Think like a rookie, but trade like a pro.” Are you ready for tomorrow?
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Crude Oil is bullish with a strong push higher, which tells me to anticipate another leg for the bulls…

The challenge, however, is this resistance level just overhead - telling me to wait for a pullback off the highs for a more reliable buy set-up using a seller-failure pattern.

E-Mini S&P is bullish with a Spike & Channel pattern, which tells me to look for buy set-ups at the “base” of the channel using a seller-failure set-up.

But I'm also watching this pullback closely, to see if we sink back inside the weekly range…

Because if we pull back too far, the plan will change to looking “short” into the stops of the rookie buyers who are trying to buy the low of a larger bull channel.

Nasdaq is bearish after collapsing off today’s high, telling me to look for sell set-ups going back to the low of the range…

And I’m watching to see if the rookies try buying the low of this large bull channel, because now that we’re back inside the range again, those buy set-ups should be easy pickings for the short-sellers.

Gold is bearish with a strong run lower, most likely trying to re-test this morning’s low, which is only a few points away…

Knowing this, I want to sell it short, but I don’t want to sell into this support level, so my plan is to wait for the bounce off the low and look for ways to sell into the stops of the buyers trying to force the market back higher.

Eur..

Our favorite markets are trading inside of ranges this evening; some big, some small, some wide, and some narrow – and all of those are important details that we need to address in tonight’s newsletter…

But no matter what the size or shape of the range, I'm always looking for my (4) four favorite breakout patterns. Are You Ready?

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Crude Oil is neutral and trading sideways inside a range this evening, which tells me to focus on failures to buy the low and sell the high of the range tomorrow morning…

But the biggest clue on this chart is strong move down from last week, which tells us to expect these sellers to keep trying to send price back to last week’s low…

And the next time they try that move lower, the buyers will be waiting to buy using multiple support levels, with a target going back to re-test the high.

E-Mini S&P is bullish and rotating back to re-test the high of last week’s WIDE trading-range, which is an important clue to consider…

Because as we go higher, we get closer to the overhead target, which means we need to stay focused on buying deep pullbacks with seller-failures as we go.

Nasdaq is bullish with a strong run higher, almost back to the high of last week’s trading-range, which tells me to look for buying opportunities on deep pullbacks before we get there…

Knowing this, I can see a Spike & Channel pattern on this chart, which tells me exactly where to look for the buy set-ups tomorrow morning.

Gold is bearish into a narrow trading-range, which tells me that, in order to get a decent risk-reward-ratio on my trade, I need to get a rather large breakout of this range…

Once I see a large enough breakout, then I can start looking for the 2-Try Failure pattern to trade back into the original range.

Euro is also bearish into a narrow trading-range, and just like Gold, I need to wait patiently fo..

What’s the easiest and most effective way to increase your odds of success?

It’s simple, really – focus on trades that allow you to “risk small to earn large”

And after another round of BIG MOVES on the charts today, it’s easy to see some prime locations for us to “risk small to earn large” tomorrow morning – Are you ready?
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Crude Oil is bearish into a trading-range this evening, which tells me to look for sell set-ups above the high of the range, preferably in my battle-zone waiting overhead…

But the real interesting part will be if we go lower – where I have a strategic support trend-line waiting to be used in combination with my “nested’ failure set-up to get long back into the range again.

E-Mini S&P is bullish with a strong run higher, which tells me that any decent pullback below the moving-average is going to be seen as a reliable buying opportunity with a target going back to re-test the high.

I'm also keeping an eye on this range from earlier in the week, which is just a few points higher, and if we make it up that far, I need to start adjusting the strategy to focus on buy set-ups below the range, making sure to avoid the middle.

Nasdaq is bullish and ran all the way up into the range from earlier this week, which tells me to wait patiently for a relatively-deep pullback so I'm not buying inside the range tomorrow morning.

And if price really wants to run, the next target is back to 8000, and will most likely be into a Spike & Channel, which tells me to wait for the “trap low” for the most reliable buy set-up to finish the run.

Gold is bullish with a strong run higher up to a large measured-move target which is considered major resistance, and tells me I need to wait for a pullback to key support levels for a reliable buy set-up on Friday morning…

And speaking of key support levels, this channel is..

These markets continue to give us excellent set-ups this week, and with another round of strong moves to finish today’s session, I can see plenty of high-quality set-ups to look for on Thursday morning – are you ready?

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Crude Oil is bearish with a strong run lower, but look closely and you can see we’re sitting right on major support, which tells me I need to wait for a pullback before I try selling tomorrow morning…

Knowing this, I connected the lower-lows and found a beautiful “Hidden” Channel to use for sell set-ups on Thursday, did you see it?

E-Mini S&P is bearish with a strong run lower, which tells me to look for sell set-ups at key resistance levels overhead…

And since we have plenty of room to keep running lower, my favorite resistance level is any of the prior swing-highs overhead.

Nasdaq is bearish with a strong spike lower, which tells me I need to be ready for four different scenarios – range, channel, flag, and reversal.

But no matter what we get, the key is going to be waiting patiently, avoiding the temptation to chase this market lower.

Gold is bullish and ran all the way back up to the high of the range, which isn’t a very reliable place to be buying…

So my plan for tomorrow morning is to wait for a pullback and see if I can buy into the stops of the counter-trend sellers who will trying fading this move off the high.

Euro is bearish into a trading-range and expanding triangle; both of which telling me to sell above the range high using a buyer-failure pattern…

But after seeing this ‘2-legged pullback’ coming off today’s low, I need to adjust my strategy and wait for the sellers to use the new trend-line as key resistance for the short back into the range tomorrow morning.

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We saw some big moves in today’s trading session, and those big moves gives us some big targets for Wednesday morning…

But the challenge for tomorrow morning is using these “blended” trading-ranges correctly – which requires us to thread the needle carefully – are you ready?
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Crude Oil is bearish with a strong spike lower, which tells me to look for another leg in the same direction…

And to find the entry, I'm watching to see what we get – whether it’s a range, channel, flag, or possibly a 123-Reversal.

E-Mini S&P is bearish into a trading-range, but look closely and we can see that there are two ranges on top of each other on this chart…

I call these “blended” ranges, and since the range from yesterday is above today’s range, my focus will be using seller-failures to buy the low of the most recent range.

Nasdaq is bearish into a wide trading-range, but look closely and you can see that just below this range are multiple support levels, and just above this range is the range from yesterday…

I treat these situations as “blended” ranges, and they tell me to use the support levels below the most recent range for buy set-ups going back up into the range from yesterday.

Gold is bearish and trading at the low of a channel, just a few points below the trading-range from yesterday…

But the real clue is the major support at 1402.7, which was just rejected by the bears, telling me to look for buy set-ups using a “nested” failure pattern.

Euro is bearish into a combination of three different chart patterns – a trading-range, Spike & Channel, and expanding triangle…

And all of these patterns give us key resistance levels for sell set-ups on Wednesday morning.

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Tr..

We’re looking at range-bound markets on most of the charts this evening, which tells me to keep buying low, selling high, and avoiding the middle…

And when it comes to trading these “balanced” markets, it’s all about waiting for the attempted breakouts, and trading into their failures – are you ready?
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Crude Oil is bearish with a strong run lower to finish today’s session, and any time I see a strong move like this, I know the short-term momentum will most likely give me the opportunity to sell another leg down.

Knowing this, I'm looking for a sell set-up up near the high of a Hidden Channel, with a target using the measured-move waiting below…

But I'm also keeping an eye on a bullish reversal-line, because it doesn’t take much experience to “look left” and see the overall bull trend – but I need to wait for this momentum to shift with a 123-Reversal before I can go hunting back to the upside on Tuesday morning.

E-Mini S&P is bullish and trading sideways inside a narrow trading-range this evening – and the word “narrow” is the big clue we want to use tomorrow morning…

Narrow ranges don’t give us much to work with, so my plan is to wait for a large breakout attempt, and use the 2-Try Failure pattern to trade back inside that original range.

Nasdaq is bullish and trying to complete the run up to 8,000, but if you look closely at the chart, it’s easy to see that we spent most of the day inside a range…

And that range tells me I cannot buy this new high because it’s a breakout – the more reliable strategy is to wait and buy below the range using a seller-failure set-up instead.

Gold is bullish into a balanced range this evening, which tells me to avoid the middle, buy the low, and sell the high using failure patterns tomorrow morning.

Knowing this, I'm on the hunt for reliable support and resistance levels above and..

We’re headed into a “Summer Friday” trading session tomorrow morning, which means our window of opportunity is going to be much smaller…

But that’s not going to stop us from finding some high-quality set-ups in tonight’s newsletter – specifically, I'm watching for three types of pullback patterns on Friday – are you ready?
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Crude Oil is bullish with the combination of a flag pattern and trading-range on the chart tonight, which is going to make our job a little tricky tomorrow morning…

Knowing this, my goal is to buy the low of this trading-range, and my goal is to use the top of the flag in combination with a 2-Try Failure set-up for a re-test the high.

E-Mini S&P is bullish with a strong run higher to finish today’s session, which would normally tell me to get aggressive on the next pullback…

But we’re back inside the range from earlier this morning, which tells me to avoid buying the shallow pullback and wait for one of three pullback set-ups on a deeper pullback off these highs.

Nasdaq is bullish in the long-term, but bearish in the short-term after a strong move lower sent price back into yesterday’s trading-range…

Knowing this, I want to buy the low of this trading-range, but I need to respect the bearish momentum, so I’m focused on the “nested” failure set-up to buy low tomorrow morning.

Gold is bearish with a strong move lower, but look closely and you can see we’re back inside the range from yesterday…

Knowing this, I want to sell this market at resistance, but I need to make sure I'm not selling inside the range…

And if price tries to go lower, the range tells me to skip the sell set-ups and look for a seller-failure set-up to buy the low of the range instead.

Euro is bullish overall, but a recent bear move lower gives the bears the edge in the short-term and puts us back inside the range from late ye..

This morning’s “Fed Speak” gave us some big moves on the charts today, and I'm using the most reliable chart patterns to help me formulate the trading plan for Thursday’s session…

Because no matter “why” the markets are moving, the only thing that matters is the short-term momentum, the most reliable chart patterns, and the proper entry triggers – are you ready for tomorrow?

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Crude Oil is bullish with a strong run back up to re-test July’s high, and with such a strong move to finish today’s session, we can expect buyers to be waiting on the next deep pullback…

Knowing this, I'm watching key support levels to buy that pullback – such as the low of the bull channel, and the trading-range from earlier in today’s session.

E-Mini S&P is bullish into a trading-range, which tells me to buy the low, sell the high, and avoid the middle of that range tomorrow morning.

But the biggest clue I see on the chart is the strong pullback going into lunch this morning, which tips us off to expect a deeper pullback for the more reliable buy set-ups on Thursday.

Nasdaq is bullish into a narrow trading-range, which tells me to look for buy set-ups down below the range lows tomorrow morning.

And to plan the best entry, I'm watching key support levels, like the low of a Hidden Channel and the reversal-line support at 7870.

Gold is bullish with a strong run into the closing bell this afternoon, which tells me to look for buy set-ups on the pullback to the low of a new Hidden Channel.

This strength also tells me to be prepared to buy the market as it goes higher, because the bulls may be looking for a larger measured-move objective, and if so, my goal will be to buy using bear-traps before we get there.

Euro is bullish with the combination of a Spike & Channel and narrow trading-range on the chart tonight.

Those two clues are importa..

We have a busy day tomorrow, with “Fed Speak” at both the open and close of the session, we need to be prepared for a few different scenarios…

And after looking closely at the charts, I can see a handful of high-quality set-ups for most of our favorite markets – are you ready?
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Crude Oil is range-bound with a bull bias this evening, which tells me to look for buy set-ups at the low of the range using seller-failure patterns.

But I'm also watching for a sell set-up off this recent spike higher – knowing that this recent move higher was coming off this afternoon’s news release, I'm waiting to see if I can get a “nested” failure pattern to short this market back down to the lows tomorrow morning.

E-Mini S&P is bullish and trading back to the same range from yesterday’s trading session – which tells me to focus on buy set-ups near the low of the range using seller-failure patterns.

I'm also watching for the breakout going higher – with the Fed Speak on the radar tomorrow morning id like to see a strong 123-Breakout so I can buy a pullback to the low of a new Hidden Channel.

Nasdaq is bullish with a strong Spike & Channel going higher, which tells me to look for buy set-ups using key support levels waiting below…

And speaking of support levels, I'm watching a reversal-line at 7815 and the low of a new Hidden Channel just a bit below it.

Gold is bullish into a Spike & Range pattern, which tells me to stay away from the middle and wait to buy when the sellers get caught trying to take it lower.

And with the Fed Speak tomorrow morning, I also know that I need to stay patient, because Gold is often the most-effective anytime someone from the Fed speaks on Capitol Hill.

Euro is bearish into multiple trading-ranges, but it sure feels like these sellers are over-sold at the low of this range, which tells me to look for the ..

We’re back in the action after last week’s Holiday break, and with last week’s holiday overlapping two major news reports, we know many traders are playing “catch up” with the markets this week…

Knowing this, most of our markets are trying to hit the “reset” button by re-testing last week’s highs/lows, and I have the perfect strategy to capitalize on those moves – are you ready for Tuesday?
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Crude Oil is bearish as it comes tumbling off the high of a bear flag this evening, telling me to look for sell set-ups on the way back to re-test the lows…

And speaking of the lows, the trading-range on the chart reminds me to keep my eyes open for buy set-ups coming off the lows, but as always, it’s the short-term momentum that will determine which entry pattern we use.

E-Mini S&P is bearish into a narrow trading-range this evening, telling me to look for sell set-ups up above the high of the range tomorrow morning…

And if we get lucky, we might get a strong bounce higher, giving us the opportunity to sell the high of this new Hidden Channel coming down overhead.

Nasdaq is bearish and trading sideways with a narrow trading-range, telling me to look for sell set-ups up above the range highs tomorrow morning.

Knowing this, I’d also love to sell the high of the Hidden Channel overhead, but the short-term momentum will likely be rather bullish if that occurs, so I'll be looking to sell with the “nested’ buyer-failure set-up instead.

Gold is bearish with the combination of a bear flag and Spike & Channel both telling us to look for sell set-ups using buyer-failures up around the 1402 level on Tuesday morning…

And if price keeps running lower, I need to worry about the major support level below us, and will shift my focus to selling with bull-traps instead.

Euro is bearish into a narrow trading-range this evening, which tells me..

We’re headed into a “triple threat” trading session tomorrow morning, with the end of week, end of month, and end of the second quarter all happening at the same time…

Which is sure to give us increased volatility and high-quality set-ups on Friday morning, so we need to be prepared for the action – are you ready?
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Crude Oil is bullish into a trading range, which tells me to look for buy set-ups below the low of the range at key support levels.

And speaking of key levels, I've got my eye on the low of an expanding triangle, which has been developing since the opening-bell this morning.

E-Mini S&P is range-bound with a slight bull bias, which tells me to look for buy set-ups using seller-failures below the low of the trading-range.

But if price pushes higher (which is expected), then I start looking for ways to buy low (using bear traps) before we get to the measured-move objective waiting overhead.

Nasdaq is bullish into a trading-range, which tells me to look for buy set-ups underneath the range lows tomorrow morning.

The big clue on this chart, however, is this obvious support trend-line coming up from below, which gives the buyers a lot more confidence, knowing that sellers don’t have much to work with in the short-term.

Gold is bullish and trading back in the middle of the range from yesterday, which tells me to sit-on-hands in the short term, waiting for the opportunity to buy the low of the range using a seller-failure set-up.

And don’t forget the ‘pendulum swing’ target overhead, giving us confidence that a successful breakout-pullback is also in the cards for the bulls tomorrow morning.

Euro is sideways and range-bound, trading right in the middle of a triangle pattern tonight, telling us that both sides are going to be fading the breakouts on Friday morning.

The key, however, is waiting to see how pri..

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Created 2 years, 6 months ago.

508 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.

http://www.schooloftrade.com/