Crude Oil Day Trading

Crude Oil Day Trading October 10th 2016

Crude Oil Day Trading

Big upward movement on rather lighter volume … I was looking at a Fibonnaci Retracement between the 61.8 to 50 percent level today from the high of 5160 at time of the trade.

I was able to trade one time as I missed the buy because of the Columbus Day Holiday … I didn’t trade the long, but you can see my reasoning on why I like the short from the trading video below I decided to do and put up on Wistia for your review.

Futures Crude Oil Day Trading Wistia Classroom Video:

 

 
Futures Crude Oil Day Trading Charts: Short Entry

Futures Crude Oil Day Trading Charts: 15 Minute Chart Retracement

Futures Crude Oil Day Trading Charts: Sure looked like it wanted to go down!

Futures Crude Oil Day Trading Charts: TFC-Charts

Crude Oil Day Trading

Today, I earned 3 ticks on 1 trade on the trading day today.

Be patient on any retracement entries today … make the market PROVE it wants to do something … don’t simply jump in to jump in.

That is the same thing as CHASING a market!

 

Good Trading,

David M. Knight
TradeCraze

P.S. Do you have a money management plan in your trading? No? Go Here!

 

 

 

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.