May 29, 2013
- in Uncategorized by schooloftrade
Learn to trade a Price-Reversal for Crude Oil, Euro, Gold and Mini Russell Futures
This morning we traded Gold, Crude
Oil, Euro and Mini Russell in our Live Trade Room alongside our Advanced
Members, and we used a simple price-reversal
strategy to look for high-percentage-trades to help us hit our daily profit
goals. In today’s video recap we will review three
different markets that all used the same simple price-reversal strategy.
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| Gold Price Reversal |
The first price-reversal we saw this
morning was on Gold Futures. Most of the markets we trade are
very predictable, and gold is no different.
This morning gold was trading inside the London trading range, and when
it broke the highs and failed to stay above those highs we looked for the price-reversal
to enter short at the highs of the range.
We always look for a price-reversal at the highs or the lows of a
trading range. When we sell at the
highs, we take a profit-target at the lows.
When we buy the lows we take a profit-target at the highs. Gold gave us an excellent example of a price-reversal
set-up early in the session this morning.
When we sell at the
highs, we take a profit-target at the lows.
When we buy the lows we take a profit-target at the highs.
highs, we take a profit-target at the lows.
When we buy the lows we take a profit-target at the highs.
 |
| Euro Price Reversal |
The second price-reversal
set-up we saw this morning was from the Euro, which is our favorite currency
market because of its liquidity and EASY dollar-index-correlation. The Euro was trading at one of our favorite
locations on a chart, around the previous high or low of the day. With the Euro trading at the previous high of
day we knew that if the buyers failed to keep pricing moving higher we would
most likely see a quick price-reversal followed by a selling opportunity off
the highs. This morning we saw the Euro
try and fail to move to new high-highs and when it did we got three great
examples of price-reversal set-ups before the morning session was over.
set-up we saw this morning was from the Euro, which is our favorite currency
market because of its liquidity and EASY dollar-index-correlation. The Euro was trading at one of our favorite
locations on a chart, around the previous high or low of the day. With the Euro trading at the previous high of
day we knew that if the buyers failed to keep pricing moving higher we would
most likely see a quick price-reversal followed by a selling opportunity off
the highs. This morning we saw the Euro
try and fail to move to new high-highs and when it did we got three great
examples of price-reversal set-ups before the morning session was over.
The best part about the
Euro is its liquidity and the easy dollar-index-correlation
Euro is its liquidity and the easy dollar-index-correlation
 |
| Crude Oil Price Reversal |
The third price-reversal
set-up we saw today was on one of our favorite futures markets, Crude Oil. One of the reasons we LOVE trading Crude Oil is
the frequent price-reversal set-ups it provides us. At any given moment Crude Oil can breakout,
only to fail and reverse. This price-action
on Crude Oil means we see MANY price-reversal set-ups each day and week. This morning Crude Oil traded above the price-reversal
zone on the 5-minute VIP-Chart, and when it failed to keep going higher, we got
easy selling opportunities using this price-reversal strategy.
set-up we saw today was on one of our favorite futures markets, Crude Oil. One of the reasons we LOVE trading Crude Oil is
the frequent price-reversal set-ups it provides us. At any given moment Crude Oil can breakout,
only to fail and reverse. This price-action
on Crude Oil means we see MANY price-reversal set-ups each day and week. This morning Crude Oil traded above the price-reversal
zone on the 5-minute VIP-Chart, and when it failed to keep going higher, we got
easy selling opportunities using this price-reversal strategy.
Crude Oil provides us
with many price-reversal set-ups every trading day, which is why it’s one of our
favorites!
with many price-reversal set-ups every trading day, which is why it’s one of our
favorites!
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