April 9th, 2012: Crude Oil Trading

Hello Traders,

This was a very fast trading setup as I was watching the market today.  I saw a HVS SKY trading bar come in on the Long side, so I was looking to go short.

 

Overall, I took away 2 ticks on the trade.  It was very late in the trading day so I was looking for a very quick drop to a level of 2P and out.  In today’s trading this would have amounted to 62 ticks or $620.00 for a 11 ticks risk at the beginning of the trade.

It was worth it so I placed it … with this kind of trade.  I do not want the market to look back … when it did I was out.

 

Good Trading,

David ‘Tiger’ Knight

P.S.  April 9th, 2012:  Trading Statement

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.