November 12, 2013
- in Uncategorized by schooloftrade
Turn 1 trade into 2 winning opportunities | SIMPLE Strategy
 |
| Crude Oil Sell-Off |
This morning
we traded Crude Oil in our Live Trade Room and used our morning prep to define
a sell-zone on the anchor chart.
We earned a
great profit by selling the highs of a sideways-trading-range, but to our surprise
that short trade off the highs turned into a major turning point on the day and
the market sold-off like a rock!
great profit by selling the highs of a sideways-trading-range, but to our surprise
that short trade off the highs turned into a major turning point on the day and
the market sold-off like a rock!
In today’s
video I am going to show you how we defined the market as trading sideways
early in the session, and then after selling the highs of the range we quickly
saw this counter-trend trade turn into a MONSTER winner to the downside.
The first
thing we did this morning was to define the long-term-trend, which we defined
as being sideways. Once we knew the
trend was sideways all we had to do was buy the lows and sell the highs. We sold short at the highs of the range, but
something changed in the market-personality and the price-action sold-off like
a rock.
thing we did this morning was to define the long-term-trend, which we defined
as being sideways. Once we knew the
trend was sideways all we had to do was buy the lows and sell the highs. We sold short at the highs of the range, but
something changed in the market-personality and the price-action sold-off like
a rock.
Once we
found the sellers were in control, we quickly moved from trading a sideways
range to a trending market which means all we needed were entry patterns using
the Wave Pattern short to capitalize on this new down-trend.
found the sellers were in control, we quickly moved from trading a sideways
range to a trending market which means all we needed were entry patterns using
the Wave Pattern short to capitalize on this new down-trend.
As you can
see in today’s video and on your own chart, once we made new lower-lows we had
EASY trading opportunities selling short.
The morning started with us selling the highs of the range, but it
quickly turned into a trending day and we were able to profit from it.
see in today’s video and on your own chart, once we made new lower-lows we had
EASY trading opportunities selling short.
The morning started with us selling the highs of the range, but it
quickly turned into a trending day and we were able to profit from it.
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