Day Trading Futures Looking for 21-Range Patterns & Live Crude Oil Trade

Another great day in our live trade room today and congrats to everyone making money with us today!

Our Fast-Track program is quickly becoming one of the easiest ways to learn to day trade futures markets.

Our patterns work in any chart timeframe, and on any liquid futures market, so watch today’s video as we scan the markets for 4 patterns showing up.

BONUS! We took a LIVE crude oil trade that stopped us out…but then we re-entered and made the money ALL back! You gotta see this one!

Questions:

What’s the difference between the RED and the thick BLUE lines?

– Red lines are located with the auto levels indicator, and I use these lines to see my trades develop
– The BLUE lines are drawn manually by the trader for areas of CONCERN, we do NOT want to trade around these levels

o Double-tops and bottoms
o Major psychological levels = big round number(75.00 1.3400)

Price reversals are great places for entries and great places to take profit!

o Look for the MACD on your trade management to shift from above or below the zero line
o Look for the speed of the tape to slow down
o Look for the momentum indicator to shift against the current direction

What is the difference between the 8-10 and the 9-10 contract on crude oil

– Big difference is that some hedgers will use the front month from 9-10 to get a better long term hedge
– The reasons why DAY TRADERS care to trade the 8-10 is because it has the most volume

Breaker/Wave Combination trade:

– We take the breaker long
– We then enter the wave long