March 28, 2016
- in Uncategorized by schooloftrade
Selling the Flag Pattern Trap on Crude Oil Futures; SchoolOfTrade.com
Buying the major support pullback this morning gave us a gorgeous run higher for 156 ticks!
In today’s video we see the Crude Oil Futures pulling back down into a huge area of support we were tracking in the chat room.
This gave us an opportunity to buy the bounce as well as get a limit pullback for $1,560 on the trade!
We use a simple trading strategy that can be used on ALL markets! When you learn these simple strategies you will be able to make profits on any market you wish to trade, from Futures to Stocks and everything in between.
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Major areas of support and resistance and key levels are always something to keep an eye on and when they hold this well, you just simply CAN’T ignore it! When we have a Flag Pattern breakout like on today’s move, the candle was just too big but often, if that is the case, the market will return for better entry options which is exactly what happened!
Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. Major areas of support and resistance and key levels are always something to keep an eye on and when they hold this well, you just simply CAN’T ignore it! When we have a Flag Pattern breakout like on today’s move, the candle was just too big but often, if that is the case, the market will return for better entry options which is exactly what happened!
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