December 4, 2012
- in Uncategorized by schooloftrade
Gap trading on Crude Oil and Sideways-trading-range Mini-Russell Futures
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| GAP TRADING CRUDE OIL |
This morning we saw very slow price-action without any major news this morning on the calendar, but we were still able to make profit using a simple day trading plan that included a PRICE GAP on Crude Oil and a sideways-trading-range on the Mini-Russell.
Our first trades this morning were short on Crude Oil because of the market personality being bearish going into the US morning trading session. We saw the GAP DOWN on Crude Oil overnight, followed by a shift in market personality after 9:30am EST as the sellers left the market, leaving the buyers with an opportunity to take over control.
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Read the Complete Trade Room Recap HERE
