by Thomas Wood | Feb 15, 2019 | Futures, Trading Tips, Video of the Day |
Today we revisit the Gold (GC) futures pennant from a few days ago and discuss how the members at Base Camp Trading were able to profit on both the false breakouts, and the final rally using technical analysis of price action. Recent Related Articles Trading in A...
by Thomas Wood | Feb 12, 2019 | Futures, Trade Setups, Trading Tips, Video of the Day |
Today’s video discusses the outlook for Gold (GC) futures. We are currently trading inside a narrowing range on the 240min price chart, which makes up a pennant pattern. Trend is up overall on daily and weekly price charts, but shorter term we are compressing....
by Thomas Wood | Feb 11, 2019 | Trading Tips, Video of the Day |
This video discusses the support we used as a profit target for our Crude Oil (CL) shorts from this mornings futures live trading room. We also discuss why we used a support “zone” instead of just a single pivot low for the target. Recent Related Articles...
by Thomas Wood | Feb 7, 2019 | Futures, Trading Tips, Video of the Day |
Today we discuss a trade from the futures live trading room where we shorted Crude Oil (CL) Futures on a compression breakout using Renko price charts. We also used the MQ Momentum Trender Pro indicator to confirm the breakout. Don’t forget, the Base Camp...
by Thomas Wood | Feb 6, 2019 | Futures, Trading Tips, Video of the Day |
Today we discuss a trade setup in the Nasdaq (NQ) futures from the futures live trading room this morning. It is what we call a run on the stops and it occurs when there is a break of a resistance level, then the market immediately turns and closes in the opposite...
by Thomas Wood | Jan 31, 2019 | Futures, Trading Tips, Video of the Day |
Today we address a common misconception about the correlation between bonds and indices. Many traders make the mistake of believing that bonds and indices always move exactly opposite, meaning bonds go down when indices go up and vice-versa. They are somewhat...
