December 10, 2012
- in Uncategorized by schooloftrade
Crude Oil day trading plan
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| Crude Oil day trading plan |
We can see
the very narrow sideways-trading-range on the Crude Oil contract this morning
which tells us this is a range-bound market.
We want to buy-the-lows at support and sell-the-high at resistance in
this type price-structure.
the very narrow sideways-trading-range on the Crude Oil contract this morning
which tells us this is a range-bound market.
We want to buy-the-lows at support and sell-the-high at resistance in
this type price-structure.
As price
rises to the highs we have many levels of resistance to use for a price-reversal
short.
rises to the highs we have many levels of resistance to use for a price-reversal
short.
As price
falls to the lows we have identified many levels of support to buy at the lows.
falls to the lows we have identified many levels of support to buy at the lows.
The biggest
challenge this morning will be to stay patient and wait for the price-action to
move higher or lower.
challenge this morning will be to stay patient and wait for the price-action to
move higher or lower.
