April 3, 2013
- in Uncategorized by schooloftrade
Crude Oil day trading plan
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| Crude Oil day trading |
Crude Oil daily
chart shows us just below the highs of the price-wedge and the sell-zone at
97.33. Furthermore, we can see a sideways-trading-range
developing at this resistance when we see the big wicks to the
candlesticks. This clue tells us that
buying these highs will be challenging, and it will be worth the wait to get
the buyers to fail and the sellers to begin pushing this price lower.
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| Crude Oil day trading |
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| Crude Oil day trading |
The 4-hour
chart on Crude Oil shows us trading in a very distinct sideways-trading-range so
we know the high-percentage-trades will occur buying the lows and selling the
highs. Using the buy-zone and sell-zone levels
we can make some easy profit today using the sideways-trading-range.
chart on Crude Oil shows us trading in a very distinct sideways-trading-range so
we know the high-percentage-trades will occur buying the lows and selling the
highs. Using the buy-zone and sell-zone levels
we can make some easy profit today using the sideways-trading-range.
Our day
trading strategy this morning for Crude Oil is to buy the lows and sell the
highs of this sideways-trading-range and price-wedge. Wait for price-action to test the buy zone
and look for the price-reversal to get long.
Take profit-targets at the highs when buying the lows. If price-action moves higher we will wait for
the price-reversal and sell short using the lows of the range and price-wedge as
our profit-target.
trading strategy this morning for Crude Oil is to buy the lows and sell the
highs of this sideways-trading-range and price-wedge. Wait for price-action to test the buy zone
and look for the price-reversal to get long.
Take profit-targets at the highs when buying the lows. If price-action moves higher we will wait for
the price-reversal and sell short using the lows of the range and price-wedge as
our profit-target.
 |
| Crude Oil day trading |
