- in Uncategorized by schooloftrade
Day trading futures, here’s what im watching right now…
I had to run my wife to the airport, so i missed the last 2 hours of price action, but we can still see some easy day trading patterns setting up right now!
First, im seeing Crude Oil Futures setting up on a 13-range chart for a nice breaker pattern short…
This is a classic pattern for us day traders, we have a breaker short, and a 2-step pattern long setting up right now!
Lets take a look at this same market, but lets look at it on a 30-minute day trading chart…
I can see we have a much bigger move to consider on this patter to the short side.
This is a massive 2-step short setting up on this 30-min chart of Crude Oil Futures, so im going to look at the short side as higher percentage in this case.
I will take this entry short below 73.70, looking for profit at 73.15, 73.00, and then cover my short @ 72.44
As you can see, this market has tried 2 times to break these lows, so focus on reading tape for your confirmation of entry on this trade, and follow your rules for trade management.
Ill keep you all posted on my progress, lets keep making money today! We already made 130 ticks this morning, I just dropped the wife at the airport, so lets have some fun in the markets we trade!
more info to be posted later today