October 25, 2012
- in Uncategorized by schooloftrade
Afternoon Trading Up-date; Fake-Out Breakout trading at its best
We just wrapped up
another profitable day of trading in our live trade room this afternoon with
profitable trades on both the Mini-Russell and the Crude Oil Futures markets.
another profitable day of trading in our live trade room this afternoon with
profitable trades on both the Mini-Russell and the Crude Oil Futures markets.
The Mini-Russell had been trading in a price-wedge most of
the day, and we bought the lows of the price-wedge twice today for over 100
ticks of profit just on the Mini-Russell.
the day, and we bought the lows of the price-wedge twice today for over 100
ticks of profit just on the Mini-Russell.
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| Fake-out Breakout SHORT |
Crude Oil was our focus this afternoon going into the close
of the PIT at 2:30pm EST.
of the PIT at 2:30pm EST.
We watched for the FAKE-OUT BREAKOUT right into the close, making new higher-highs and then we simply looked for the speed to
slow down, buyers turned to sellers, and we nailed the short for the ‘cherry-on-top’
to finish off an incredible day in the markets.
slow down, buyers turned to sellers, and we nailed the short for the ‘cherry-on-top’
to finish off an incredible day in the markets.
