CLPIT STRATEGY

Crude Oil Day Trading October 26th 2016

Crude Oil Day Trading: CLPIT Strategy

Today was the weekly CLPIT Strategy trading day during the crude oil futures market session.

During the day trading session in the crude oil futures market, I had a net of 23 ticks on 4 trades overall.

My biggest winning trade came on the 4th entry of 45 ticks to erase a 22 tick losing session.

Futures Crude Oil Day Trading Charts: Day 5 FTP Trading Summary

Futures Crude Oil Day Trading Charts: GANN 4th Time Through Short Entry

Futures Crude Oil Day Trading Charts: 5 Minute Chart Fibonnaci Retracement

Futures Crude Oil Day Trading Charts: 1P Profit Target Achieved

Futures Crude Oil Day Trading Charts: 2P Profit Target Achieved

Futures Crude Oil Day Trading Charts: Fibonnaci Retracement Levels

Futures Crude Oil Day Trading Charts: Support Levels and 3P Run

Futures Crude Oil Day Trading Charts: Trade Exit

Futures Crude Oil Day Trading Charts: Day 6 FTP Trading Summary

Crude Oil Day Trading: CLPIT Strategy

Today was one of those trading days where I had to position myself with a stop loss. If I knew what the market was going to do ahead of time, then that would make life a lot easier.

The crude oil futures market was unable to get above 5010 level during the day trading session. This gave the opportunity to get short off a Blue Bar Volume (Highest Volume Bar) Blowoff Volume Bar to start looking on the short side of the market

It took me 4 tries to find a true and valid short entry that didn’t get stopped out of the market yesterday.

 

Good Trading,

David M. Knight
TradeCraze

P.S. CLPIT Strategy: Get It 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.