Crude Oil Day Trading: Case Study $840 Dollars 8 Minutes
Gann 4th Time Thru Short Trade
This short trade shown on the video was worth 84 ticks or $840 profit. It ran my 3P Profit Target. On this trade, I had 3P set at 84 ticks according to my volatility measurement, and the stop loss was set at 1/2R which was equal to 12 ticks on this trade.
Remember I am always looking for 2:1 on any trade consideration.
By the way, you will find a further explanation regarding this short trade after the shared screenshots below in this blog post. This trade is part of my Ultimate Day Trading Shortcut series.
Futures Crude Oil Day Trading Charts: Gann 4th Time Thru Short Signal
Futures Crude Oil Day Trading Charts: 1P Profit Target Achieved
Futures Crude Oil Day Trading Charts: Bounce and Then Down
Futures Crude Oil Day Trading Charts: 2P Profit Target Achieved
Futures Crude Oil Day Trading Charts: Bracket To Profit Profits On Short Trade
Futures Crude Oil Day Trading Charts: Plus 84 Ticks on a 3P Move
Crude Oil Day Trading: Case Study $840 Dollars 8 Minutes
The belief that VOLUME on a TICK CHART will leave behind a foot print in the sand allowing the astute (day) trader to make a rather calculated approximation of true market direction on the tick chart.
Here is the bottom line, are you stuggling in day trading?
If you answer, yes then you need to check out my newest video series inside the Day Trading Lab (DT Lab). Right now, there is a very special offer going on to get in since I am building out the membership website page.
And …
I am waiting on next year to adjust most of my pricing. What I can tell you is those that are in the DT Lab will always have the first shot at anything I create now and in the future. You can see that by watching me over the years.
I have come up with a very unique way to trade the futures market and it is only going to get better.
I want to welcome and congratulate you on a very wise decision to get involved now; instead of, waiting till later next year. As I am waiting for next year myself, this is given me a lot of time for reflection and what I want to share coming into 2017.
What I can share with you right now is I am working out a deal with CTS Futures (T4 Platform) to get my “template” of my trading station into a downloadable file. I am calling it a speed and automation download.
Say What …
What this means is my tick chart, my 5 minute chart, my 15 minute chart along with my trading dom will be copied so that you can see the same things I am seeing. But, this will only be offered through my Day Trading Lab (DT Lab).
In addition, any members of the DT Lab will always have first shot at receiving it.
In Addition …
I am working on my latest project called: The Post-It Note Trading Project. This is a full day trading strategy tackling the way I take on the futures markets on any given day, week, month and year. This is the culmination of all my life’s work up to this point in time, which is at the 30 year mark as of today.
While I am reflecting on a prosperous trading year, I am very thankful to you, my trading friend. It is very important to me to put out truthful and brutally honest stuff when it relates to trading. It has been a rather good year, not in monetary measurement, but by the new trading friends I have met along my own day trading journey.
I want to encourage you to take advantage of method of approaching the markets as a day trader. The Crude Oil Futures market is a big place and us little traders trading between 1 to 10 contracts will not put a dent in it. The liquidity of this market is simply mind boggling.
So …
As I wrap up this blog post, I want to once again thank you for being you. You have made my trading journey a lot less lonely.
Good Trading,
David M. Knight
TradeCraze
P.S. NEW: The Ultimate Day Trading Shortcut
P.S.S. In Case You Missed It Here Was My YouTube Special Message …
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.
