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!
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.
