November 27, 2012
- in Uncategorized by schooloftrade
Range-bound market personality; buy the lows and sell the highs
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| Live Crude Oil Trading |
This morning we opened our live trade room
at 8:00am EST with our members and found our favorite markets trading sideways,
in a range-bound market. We look
forward to days with the market personality trading sideways because it makes
for each profit buying the lows and selling the highs of the range. This morning we did an excellent job at
locating the range-bound market first and then planning our
high-percentage-trades around it buying the lows and selling the highs for over
$500 in profit.
Our first trade of the morning was a
beautiful trade. We had just
finished waiting for price to finish its move to the lows of the price-wedge
when we saw the momentum turn, speed picked up, and buyers entered the
market. Our day trading strategy for a
range-bound market is to buy the lows and sell the highs, and we were sitting
on the lows ready for us to get long. We
bought the lows and took over 40 ticks of profit out of the market on the very
first trade of the morning.
beautiful trade. We had just
finished waiting for price to finish its move to the lows of the price-wedge
when we saw the momentum turn, speed picked up, and buyers entered the
market. Our day trading strategy for a
range-bound market is to buy the lows and sell the highs, and we were sitting
on the lows ready for us to get long. We
bought the lows and took over 40 ticks of profit out of the market on the very
first trade of the morning.
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Read the Complete Trade Room Recap HERE
