December 3, 2012
- in Uncategorized by schooloftrade
Crude Oil day trading plan up-date
Crude Oil market
personality has changed dramatically since our first few trading opportunities this
morning selling the highs of the range.
personality has changed dramatically since our first few trading opportunities this
morning selling the highs of the range.
Now at
1045am EST we have an obvious slowdown in the price-action and it appears we
are trading sideways inside the opening range.
We can see lower highs and lower lows along with the big GAP-UP which
will look to be filled if these buyers cant keep it above the 89.67 opening
range lows.
1045am EST we have an obvious slowdown in the price-action and it appears we
are trading sideways inside the opening range.
We can see lower highs and lower lows along with the big GAP-UP which
will look to be filled if these buyers cant keep it above the 89.67 opening
range lows.
Look for the
fake-out-breakout first when we make new lower-lows and then with strong
sellers we can sell short below the opening range and use the trigger-zone support
at 89.00 and the PHOD at 88.63 as easy profit-targets.
fake-out-breakout first when we make new lower-lows and then with strong
sellers we can sell short below the opening range and use the trigger-zone support
at 89.00 and the PHOD at 88.63 as easy profit-targets.
11:15AM EST UP-DATE:
 |
| CRUDE OIL WINNING TRADE! |
We took the trade Short below the Opening Range for a MONSTER WINNING TRADE on the 01-13 Crude Oil Contract. We used a simple wave pattern short to enter with the pace of tape indicator getting faster and took our profit off at the final target ALL the way down at the trigger zone support around 89.00
