April 18, 2013
- in Uncategorized by schooloftrade
How to Predict a Price-Reversal; BIG Profits trading Crude Oil Futures
We predicted a price-reversal this
morning on Crude Oil Futures that helped us earn over 120-ticks of profit in
less than an hour of work. In today’s
Live Trade Room recap we will learn about the tools and techniques we used to
identify and capitalize on a price-reversal BEFORE it happened.
morning on Crude Oil Futures that helped us earn over 120-ticks of profit in
less than an hour of work. In today’s
Live Trade Room recap we will learn about the tools and techniques we used to
identify and capitalize on a price-reversal BEFORE it happened.
We predicted this price-reversal an
hour before it happened!
hour before it happened!
Today we will discuss how we used our daily price-levels to
find a sell-zone overhead, along with how we analyzed the London trading
session from 3am EST to 7am EST looking for clues that will help us at the open
of the market in the US morning session.
Please remember, we teach ALL of this to our students and we look
forward to teaching you too. The ‘well’
never runs dry in the markets, so we look forward to sharing our success with
you as a new student!
find a sell-zone overhead, along with how we analyzed the London trading
session from 3am EST to 7am EST looking for clues that will help us at the open
of the market in the US morning session.
Please remember, we teach ALL of this to our students and we look
forward to teaching you too. The ‘well’
never runs dry in the markets, so we look forward to sharing our success with
you as a new student!
Our students used their day trading
plan to capitalize on this price-reversal in our Live Trade Room
plan to capitalize on this price-reversal in our Live Trade Room
Our first clue this morning came from our daily
price-levels, which are up-dated every evening for our members (including the
trial). This morning we reviewed the
daily price-levels and found a BIG CLUE from the 30-Minute chart of Crude Oil Futures. Crude oil was trading directly into the
sell-zone at 87.60 so we knew that a selling opportunity was most likely to
come next.
price-levels, which are up-dated every evening for our members (including the
trial). This morning we reviewed the
daily price-levels and found a BIG CLUE from the 30-Minute chart of Crude Oil Futures. Crude oil was trading directly into the
sell-zone at 87.60 so we knew that a selling opportunity was most likely to
come next.
We used our daily price-levels to
tell us EXACTLY where to look for the trade
tell us EXACTLY where to look for the trade
Once we found the sell-zone we then opened a much faster
5-minute chart to begin to plan the trade.
It didn’t take very long before we saw that the London Trading Session
(3am – 7am) was WAY overbought. The
trading-range we typically see was nothing compared to what we saw this morning
when we opened the Live Trade Room at 8:00am EST so we
immediately planned for a short trade.
5-minute chart to begin to plan the trade.
It didn’t take very long before we saw that the London Trading Session
(3am – 7am) was WAY overbought. The
trading-range we typically see was nothing compared to what we saw this morning
when we opened the Live Trade Room at 8:00am EST so we
immediately planned for a short trade.
Finally, the last clue we saw this morning was the reaction
to the news at 8:30am EST. We had
Jobless Claims news released just after we finished our morning prep, and by 8:35am EST we had executed a trade short,
selling the highs of the range, using the sell-zone from the 30-Minute chart
and the over-bought market-personality from the 5-Minute chart as our biggest
clues. We saw a TOKEN PRINT at the highs which made
executing this short trade EASY.
to the news at 8:30am EST. We had
Jobless Claims news released just after we finished our morning prep, and by 8:35am EST we had executed a trade short,
selling the highs of the range, using the sell-zone from the 30-Minute chart
and the over-bought market-personality from the 5-Minute chart as our biggest
clues. We saw a TOKEN PRINT at the highs which made
executing this short trade EASY.
Follow every trade we take by joining the trial or registering as a member.
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Want to see the trades we took today? Find them here.
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