Blowoff Volume Revisited Blog

Futures Day Trading Crude Oil Market Chart:

Here is the RBV Blowoff Volume Signal entering the trading chart.

Futures Day Trading Crude Oil Market Chart:

Here is the bottom formation in the chart showing the buying is coming into the crude oil market.

Futures Day Trading Crude Oil Market Chart:

This is the crude oil futures long signal to BUY!

Futures Day Trading Crude Oil Market Chart:

Crude Oil Futures moves up to and through the Pivot Point and back into the trading range. This coincides with the crude oil inventory report release at 9:30AM CST.

Futures Day Trading Crude Oil Market Chart:

First signal of selling pressure coming into the market. It is time to tighten up your profit stop off this trading signal.

Futures Day Trading Crude Oil Market Chart:

The Crude Oil Market is showing some weakness, but it was a move well over 3P or 75 ticks in todays trading. This is equal to a $750 move per contract traded.

Futures Day Trading Crude Oil Market Chart:

The Crude Oil Market continues to move on up after a brief retracement.

Futures Day Trading Crude Oil Market Chart:

Here the Crude Oil Futures Market reaches all the way up to R1 on the trading day. This is at least a 6P move or 150 ticks in trading today. In other words, the final contract series today was equal to $1,500 per contract traded.

This was the ideal trade to make after the Crude Oil Inventory Trade today:

Trading 2 Contracts:

  1. Plus 75 ticks on 1 contract series
  2. Plus 150 ticks on 2 contract series

For every two contracts traded today in the Crude Oil Market, this was equal to $750 plus $1,500, which equals $2,250. These are the kind of trading days where I back the truck up and maximize profits on. When you start to recognize this kind of trade, then you will have come a long way to understand when to put on a maximum position in a day trading scenario.

 

Good Trading,

David M. Knight
TradeCraze

P.S. Futures Day Trading Tips Series: Click Here!

P.S.S. (By the way, there are 12 Trading Tips in the Series Now!)

 

 

 

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.