Day trading course

Crude Oil Waiting for my Trade

Crude Oil Waiting for my Trade ,on QM 04-13 1440min E-mini Futures

oil trading

Crude Oil Daily Chart

Crude Oil short trade to take very soon. even if we can see Crude Oil going “Long”, I’m not focusing on this trade. First, this trade already start few days ago, and not much profits left to do. Is why I’m watching the “Reversal” trade to take soon. Is not yet done  but will be an Amazing Short call to make if I get what I want.

Also, because this trade may go to fast,and we have few resistances, I probably won’t have time to make my “Short Call”. But this what should happen to get a short trade and what to take in consideration.

2 places where we can see a “short call”: 1st: at “small resistance” and at “reversal point”

Take short, on “small resistance” : if we do, I won’t take it. Sellers will get in market to fast,And I don’t think they will be able to go to far.

Take Short on “reversal point”: This is the price level I’m looking to take my Short.

This what should happen: I would like to see buyers try to go to the double top ~94.445. But with 50MA and 200MA they will have hard time to close above this price (they should not!). And at this level, sellers will be there to bring buyers price lower than 200MA or even 50MA. And then. depending how market will close, I may give my short call. Will be more precise in futures if i don’t miss this call.

What to watch for also: Sellers should not get in the market to fast and let buyers go higher. And buyers volume should stay same level as now ( less than 6000). Yes, we have many thing to watch and wait, but I won’t risk my money, if I don’t see exactly what I want.

Silver Trading Course

Silver Trading Course on SI 05-13 E-mini Futures

Silver Trading: my post will be small on this one. Since Gold and Silver move almost same way. But still, have some interesting thing to show about Silver.

Silver Chart

Silver trading Course:

Silver is in Bearish Channel as gold, and All my DeepPink are important price to watch. My orange Area and 2 line, are the targets and area where silver should go if we go Long. On Silver as on Gold, I’m more “Long” than “Short”. The only reason, I’m both direction on market on any index now, it’s because those few days, it was very hard to see market direction and we consolidate for too long to see clearly who’s winning.

On gold, I din’t like the fact on last move sellers bring price to very low on last move, On Silver, I don’t like the fact,Sellers din’t go to the 200MA and retest my lower red trend line on weekly.

Silver Chart

Silver Daily Target and Direction:

As you can see Sellers and Buyers try to push market they direction, almost same size of price-failure on both side.  Market can’t decide silver direction, can’t tell witch direction it will go. It’s why, If you decide to take Short or Long, Look on Silver Volume, we need strong commitment from one player only. To make it more easy, watch Gold Direction. We should get out of this long consolidation next week.

Target Long: 29.38 – 29.85 -Red Line

Target Short:28.53 – 27.94 – 27.34

Looking for very short trade, low profits. As this low range, you need to know how to manage your risk properly.

Trading S&P 500 Index

Trading S&P 500 Index with ES 03-13 E-mini Futures Contract.

S&P 500 chart

Look like S&P 500 are going for nice correction.

1530.25 was the Highest price buyers was able to go so far. After all those little move up of 5 points a days, low volume and low volatility in US Index Market; is nice to see this kind of drop. Over 30 points on ES E-mini. It is the correction everyone was waiting for? Is look like. At least is a great start.

Right now, we are in a small consolidation. And probably will go “UP” for few points. To be more precise, 1510.25 are the price I’m looking to go back at first. Is also a resistance for Buyers. But we may pass this price and go till 1514.75 , If ever buyers pass this price too, they should not support 1514.75.

Also, Notice, we break the small Bullish Channel.

So, what we have to look for?

Let’s see buyers test 1510.25. And if they pass this price, we have to check for 1514.75.  Once we get to those prices, We need to look on buyers commitment,will it be a strong or a weak commitment? and will they support those prices?. ( Is also, a target for those who are interesting to take trade “LONG”. but… personally I don’t recommend.)

Direction: Looking for Short direction in few hours/days, depending on buyers/sellers commitment. I won’t give my personal targets right now. I will make an update in futures days. For now, if you decide,how ever, take a short trade , use MA50 and MA200 as targets.

Few Updates are coming very soon on different Index. We start to get some great Volatility in S&P 500 / ES E-mini. Great time for Trading S&P 500 Index. Get educate! and start to make Real Money! Is easy once you know what your are doing!