November 9, 2011
- in Uncategorized by schooloftrade
Price Wedge Day Trading Strategy
If I could trade 1 day trading strategy for the rest of my career it would be a price wedge. Even further, I would trade a price wedge along with an inside day, and we got exactly that this morning day trading crude oil futures.
My strategy for day trading crude oil on Wednesday’s with Inventories at 1030am EST and the price wedge inside the range from yesterday was quite simple. Sell the highs, buy the lows, and avoid the middle of the price wedge. Avoid the crude market from 1015am through 1035am EST to avoid the news, and then look for the market’s reaction to the news at 1030am for easy clues for direction, and then look for trading patterns to get into the trade.
My day trading strategy for a price wedge can be applied to any market, any timeframe, and I always look forward to sharing this with my clients as members of schooloftrade.com
Price Wedge Day Trading Strategy 101
