December 7, 2012
- in Uncategorized by schooloftrade
Crude Oil day trading plan
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| Crude Oil day trading plan |
We can see
the price-wedge on the anchor chart of Crude Oil Futures. We are trading at the lows of this price-wedge
so we are technically bullish at this support.
the price-wedge on the anchor chart of Crude Oil Futures. We are trading at the lows of this price-wedge
so we are technically bullish at this support.
If price
falls lower we are wait for the sellers to exhaust and then buy the lows below
the price-wedge. We may see strong
sellers and the market personality may tell us that this support is not going
to hold. In that event we need to look retracements
to sell short along with the market personality confirming the bears are in
control.
falls lower we are wait for the sellers to exhaust and then buy the lows below
the price-wedge. We may see strong
sellers and the market personality may tell us that this support is not going
to hold. In that event we need to look retracements
to sell short along with the market personality confirming the bears are in
control.
Use the support levels below as
entry locations, when we break support we sell short with a profit-target at
the next level of support. The high-percentage-trades
will be to BUY at the lows, so we are looking to buy before we decide to sell,
we need the market personality to confirm the bears are in control.
entry locations, when we break support we sell short with a profit-target at
the next level of support. The high-percentage-trades
will be to BUY at the lows, so we are looking to buy before we decide to sell,
we need the market personality to confirm the bears are in control.
