November 18, 2013
- in Uncategorized by schooloftrade
Simple Day trading strategy earns BIG PROFIT Selling Short Crude Oil Futures
This morning
we made profit selling short on Crude Oil after our morning prep identified a
bearish trend on the anchor chart.
If you read
our day
trading blog this morning at 7:30am EST when we post the morning prep each
morning you saw the same thing we used to make profit in the Live Trade Room today.
our day
trading blog this morning at 7:30am EST when we post the morning prep each
morning you saw the same thing we used to make profit in the Live Trade Room today.
In today’s
video I will show you how we used the morning prep to create a game plan for
the trading session and then we waited patiently for our trading
opportunities to come to us.
video I will show you how we used the morning prep to create a game plan for
the trading session and then we waited patiently for our trading
opportunities to come to us.
 |
| Crude Oil Anchor Chart |
The first
step of this process was to analyze the anchor chart, which is a slower chart
timeframe that has one job, to define the long-term-trend. We want to trade with the trend as much as
possible. Although there are plenty of
ways to make money trading
counter-trend, we always see the EASY MONEY come from our trend-following
positions, so we like to use those as often as possible.
step of this process was to analyze the anchor chart, which is a slower chart
timeframe that has one job, to define the long-term-trend. We want to trade with the trend as much as
possible. Although there are plenty of
ways to make money trading
counter-trend, we always see the EASY MONEY come from our trend-following
positions, so we like to use those as often as possible.
 |
| Crude Oil Entry Chart |
The second
step in this process is to use the entry chart to find the entry patterns
that go with the direction of this long-term-trend from the anchor chart. You will quickly see that when you combine
the anchor and the entry charts into your day trading plan you will soon have
more confidence in your trading because you won’t be worried about losses as
much.
step in this process is to use the entry chart to find the entry patterns
that go with the direction of this long-term-trend from the anchor chart. You will quickly see that when you combine
the anchor and the entry charts into your day trading plan you will soon have
more confidence in your trading because you won’t be worried about losses as
much.
Today was an
excellent example of how we used our morning prep
to tell us what the game plan was for today, and then we used a simple
combination of chart timeframes to find the long-term-trend and then trade in
the direction of that trend.
excellent example of how we used our morning prep
to tell us what the game plan was for today, and then we used a simple
combination of chart timeframes to find the long-term-trend and then trade in
the direction of that trend.
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