May 18, 2012
- in Uncategorized by schooloftrade
2 Trades called in REAL TIME on Crude Oil Futures
Crude Oil is suffering from contract rollover this morning, but it didn’t stop us from grabbing two winning trades selling the highs of the bear channel and price wedge. We began at 800am EST with a short using a 2-Step Pattern off the wedge/channel highs, and final targets at PLOD (95.20) and then down to 91.65 the lows of the channel.
Moments after we took the first trade short price dropped to new lower-lows, below the PLOD so the sellers were clearly in charge and we used a Wave-Pattern to enter short once again and took another winning trade down to the lows of the range for a final target at .71.
A great way to start the day, and finish a great week!
