August 6th, 2012: Crude Oil Trading

Hello Traders,

Oh No!Today was pretty straight forward in the afternoon trading.  The high of the previous day was holding so only look for a long between 1:00 to 2:30Pm Eastern Time.

89 Tick Chart

2000 Tick Chart

I marked the chart with the entry.  Notice how the momentum indicator in the 89 tick chart showed an advance above the average line and then a decent signal.

This trade made $250 on 2 contracts today.
God Bless and Good Trading,

David ‘Tiger’ Knight

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.