September 13, 2012
- in Uncategorized by schooloftrade
135 ticks of easy profit day trading crude oil futures ahead of FOMC Announcement
This morning we began the day with early morning Jobless Claims news that got us started early, and then we had to keep a close eye on the clock after 1030am EST before the market-personality took a nose-dive before the FOMC Announcement scheduled for 1230pm EST.
The morning got started quickly with a simple wave-pattern long when the price on Crude Oil Futures broke new high-highs and then pulled back into our trigger-zone for a perfect buying opportunity. We placed our stop-loss and profit-target correctly, and let this trade run all the way up to the PHOD for a nice winning trade worth almost $500. Not a bad way to kick off FOMC Day! ———————————————————-
Read the Complete Trade Room Recap HERE
