April 5, 2013

Crude Oil Trade Up-Date

Our plan for
trading Crude Oil is to look for the sellers to fail and give us a buying
opportunity at the lows of this range. 
We may also see a potential selling opportunity but we need to be very
careful because this has a lot of support below us to hold us up.
830am EST
We saw price-action
tumble after the news, we bought the lows for the first 2 winning trades.
915am EST
The buyers
coming off the lows this morning collapsed just before the opening bell @ 930am
EST.  We got taken out of our long positions
and now we’re going to sit-on-hands and wait for the US morning opening bell to
come and go.  We will also review our
anchor charts looking for our next high-percentage-trade.

    schooloftrade

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