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Crude Oil Day Trading TieBreaker Scenario Training

October 24th, 2017

Yesterday, I put a little online training together covering another concept of VTS (Volume Tick Study) … I call it the TieBreaker Scenario.

I made two videos and put them up on YouTube yesterday. The second one is listed first on this blog post.

(See notes at end of blog post for Trading Journal notes.)

YouTube Video:
Crude Oil Day Trading Charts:

YouTube Video:
Crude Oil Trading Journal Notes From Yesterday:

“For we live by believing and not by seeing.” – 2 Cor. 5:7 (NLT)

TieBreaker Trade on Today: Short Entry 5236 at 8:11AM CST. This trade is on with a low volatility trading 2 contracts.

What is the best way to trade two contracts? Do you take one off at 1P to allow the second one to hold at the 1R stop loss?

In other words, what is the best scenario to hold this trade …

Or should you move to breakeven only when you see VOLUME showing that it is time to move and protect the trade?

Trade Exit (1) 5223 at 8:21AM CST Plus 13 ticks.

HVS BBV TieBreaker bar was 3826 at 8:00AM CST followed by another BBV HVS of 1854 at 8:03AM CST. and a RBV HVS of 1543 at 8:00AM CST.

High Volume Bars Setting Up TieB:
  • 1. 4081 RBV at 4:00AM CST
  • 2. 3533 BBV at 5:01AM CST

This trade concluded on a move down to 3P of 5197 at 9:38AM CST.

Could you trade it further? Sure, but is it worth it.

Today’s trade was worth 52 ticks of profit on the TieBreaker with one off at plus 13 ticks and the second one off at plus 39 ticks with a 1.06 ADR (Average Daily Range).

 

Good Trading,

Dave Knight
TradeCraze

P.S. I am deciding how I want to proceed with my online training (trading) and blog post. The first link I will update will be this one: http://123DayTrade.com/dts

 

Thanks!

 

 

 

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TradeCraze
SOHK - School of Hard Knocks at David M. Knight
I am a 25 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.
About The Author

TradeCraze

I am a 25 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.