Crude Oil At Resistance
10May, 2020After plunging into negative territory last month just before the active contract expired, the new most active contract for NYMEX Crude is currently trading above $25/barrel. However, it has hit resistance and is forming a consolidation. This means that...
Its Finally Time To Get Excited About Gold
01May, 2020Last year in April I wrote an article outlining why Gold was not ready to run. At the time it was within a massive consolidation but had not broken out yet. One year and one month later, its a much different story. Gold has broken out. And now it might be...
Five Trading Rules That Could Save You Thousands (2019-2020 Edition)
19 July, 2019 A couple of years ago I wrote an article titled 3 Golden Trading Rules That Could Save You Thousands. In this article, I have expanded those rules to 5. Why did I do this? Simple - you have to adapt to the markets. So, as markets morph and become...
Its Not Time To Get Excited About Gold – Yet
08 April, 2019 Gold and other precious metals have been moving lately and this, of course, brings out all the gold bugs. But, taking a step back and looking at the bigger picture, we can see that its not quite yet time to get excited about this particular metal....
So You Want To Trade BitCoin
05 January, 2018 So you want to trade bitcoin or maybe trade other crypto-currencies. It seems everyone else is making tons of money except you, right? But here's the thing - every decade or so a new financial "bubble" of some kind shows up. Two...
Don’t Take Your Eyes Off These Markets
16 November, 2017 With all the excitement in the equities and amazing moves in new fangled things like Bitcoins, its easy to forget that there are other markets that make major moves. And, indeed, many of these markets have been relatively quiet... But low volatility...
S&P500 Confirms Memorial Holiday Breakout
02 June, 2017 Last week on May 24th the ES broke out of a trading range. But, since it was the week before Memorial Day weekend we took it with a grain of salt. Sure enough we had a pullback that retested the breakout level. Now, because of that re-test and with the...
Copper (HG) Critical Point (Short / Long Play)
15 January, 2017 After a large impulse to the upside, Copper futures are starting to carve out a giant trading range valued around $7500 USD (measured from low to high). Now, it looks like this market is close to the upper end of the range which opens up a...
Master Day Trading in Just 30 Days: Lesson #17
17 Lesson #17In this lesson we will discuss the concept of "multiple timeframes". This is another very important - almost critical - idea that can be very useful in constructing your trades so that you reduce the initial risk that you take. Here is how this...
S&P500/ES Hourly Trade Setup
05 December, 2016 Early last week we published a post about the easiest trade you might be able to make all year. Basically, it advocated buying pullbacks on the hourly charts and holding on as long as you can. Well, overnight the ES chart completed a pattern...
Master Day Trading in Just 30 Days: Lesson #16
16 Lesson #16 In the last lesson we covered basic support and resistance concepts. Swing highs and lows were discussed as one of our favorite points of support and resistance. This lesson will cover our second favorite support and resistance level -...
Master Day Trading in Just 30 Days: Lesson #15
15 Lesson #15We spent the last few lessons drilling Trend Reversal concepts into your head. This lesson takes a step away from that and starts to look at support and resistance levels. Being able to identify points of support and points of resistance is going to...
Coffee – Long Trade Idea
30 November, 2016 Coffee futures have been in an uptrend for most of 2016. Now it has pulled back to an area where price spent a lot of time earlier this year (and even last year). This presents a potential swing trade opportunity. Obviously no one can...
The Simplest Trade You Could Make All Year
28 November, 2016 Sometimes its best to just keep things simple. We mentioned last week that US Equities generally have a bullish bias during the Thanksgiving holiday week and that if a breakout were to occur, there was a good chance it would be during that time...
US Equities In A Holiday Week
21 November, 2016 US Equities are at an interesting point. The DOW has pushed to new highs as has the small caps index (Russell 2000). But the S&P 500, the broader measure of the US Stock market and the Nasdaq, the market leader for many months, have...
A Long Trade Idea in the EC (EURUSD)? Yes, really!
17 November, 2016 The EC / EURUSD is rapidly approaching prior swing lows and have set up divergences. Divergences located at prior support areas tend to lead to at least a small rally. There is also a ton of bearish opinions over the EURO right now so...
The Forex Edition – Multiple Cross-rates Setting Up Tradeable Patterns
16 November, 2016 There are multiple cross-rates that are approaching support or resistance levels. Some of these are not what you would call the "majors" but they are tradeable nontheless. Because there are multiple cross-rates this article will deviate from...
Master Day Trading in Just 30 Days: Lesson #14
14 Lesson #14We've spent the last few lessons looking at and trading trend reversals. But, we've been doing this primarily on small intraday charts in order to make scalp trades. It is time to apply the concept to daily charts. When applied to daily...