August 6, 2012
- in Uncategorized by schooloftrade
+50ticks trading breakouts after looking for price-reversal on Crude Oil and E-Mini-Russell
This morning was another great example of a professional trading method in action. You’re right, price-action was slow and sloppy. You’re right, most traders would have grabbed the Golf Clubs after seeing our Heat Map at 0.0% on the dollar index. You’re right, Crude Oil was supposed to fall off the highs of the price wedge this morning, and when it didn’t drop we got long after the sellers failed and grabbed some profit on the way up. Price-action was sloppy all morning, but a professional trading strategy like the one used in both of our live trade rooms.
