Crude Oil Day Trading

Crude Oil Day Trading October 7th 2016

Crude Oil Day Trading Plus 55 Ticks

During my day trading session in the crude oil futures market, I had 4 trades total for a total of 55 ticks.

This brought my TST $30K Combine (TopStepTrader) to a new account high and closing in on the $1,500 profit target.

I had a loss of 15 ticks on the trading day before I finally got the downward breakout on the trading day.

Futures Crude Oil Day Trading YouTube Video Summary:

 

Futures Crude Oil Day Trading Wistia Video Trading Classroom:

 

 

(Go to 78:30 of this video to see the my short trade at 5029.)

Futures Crude Oil Day Trading Charts: TieBreaker Trade Blue Bar Volume

Futures Crude Oil Day Trading Charts: Short Entry 5029

Futures Crude Oil Day Trading Charts: 2P Profit Target

Futures Crude Oil Day Trading Charts:3P Profit Target

Futures Crude Oil Day Trading Charts:4P Profit Target

Futures Crude Oil Day Trading Charts:5P Profit Target

Futures Crude Oil Day Trading Charts: Trades Today

Futures Crude Oil Day Trading Charts: Trading Worksheet

Crude Oil Day Trading Plus 55 Ticks

Today was October 7th 2016. I am a day trader in the crude oil futures market. I believe in becoming the best you can be inside one market.

It is a concept that I read from Peter Lynch many moons agao in his book. The best part of day trading has to be when you are done you can sleep well at night knowing you are not leveraged in the overnight market.

After 8 days of upward movement, the crude oil futures market finally gave some ground and went below the 50 dollar a barrel level for a bit today.

My best trade of the day trading session in the crude oil futures market was to short 5029 at 10:20AM CST.

The trade exit was 4959 at 11:06AM CST. If you watch the video specifically starting at the (time stamp) mark, then you can follow my logic on the short trading opportunity in the crude oil futures market.

 

Good Trading,

David M. Knight
TradeCraze

P.S. Did you know I have my favorite day trading video tips and tricks series available here? TieBreaker Trade

P.S.S. TST Trading Account Summary:

 

 

 

 

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.