October 18, 2012
- in Uncategorized by schooloftrade
Crude Oil day trading strategy earns +100ticks with 2 Full Stop-loss
This morning we began our morning prep at 8:00am EST and saw immediately that Crude Oil wanted to go lower. We had a few easy clues for us to get short; first, the news at 8:30am EST from Jobless Claims was bearish for Crude Oil. Second, we were trading at the highs of the bear price-channel, and third reason was the previous low of day from Wednesday.
Our first trade short today on Crude Oil Futures earned us over $600usd by using a simple wave-pattern-short to get into our position at the best time, with the smallest stop-loss and the widest profit-target. We took profit at swing-lows and the price-channel lows on the way down for an excellent way to start our day! ———————————————————-
Read the Complete Trade Room Recap HERE
