Squirrel Gets a Nut

Crude Oil Trading April 28th 2015

Tuesday: April 28th, 2015

Crude Oil Trading: CL Power Open Range Trade:

Things on my mind right now … 7P Setup and HVS 700 also CLPORT 400 … SA BABY … Trading Rules.

Nothing early … highest Volume Bar is Blue 388 at 7:41AM CST. There are 3 Blue Volume Bars in early trading (before Open Outcry Open). All 3 are lower than 400 in Volume … Market is trading right at the PP located at 5702 now at 8:11AM CST.

BBV 488 at 8:18AM CST. Right now this puts the CLPORT trade to Short one tick above the PP … interesting.

Trade #1 Short at 5703 at 8:26AM CST.
Stop Loss Run at 5713 on trade. (-11 ticks). RIght now market trading at 5715 and holding …

Lower Highs hold up? Market went up to 5718 then had its first minor sell off below the PP at 5702.

No! They do not market has a minor selloff then a buying opportunity appeared and a bracketed market.

RBV 755 at 8:37AM CST.

Market Bracket at 8:45AM CST:
Long 5697
Short 5677

Trade #2 Long at 5696 at 8:47AM CST.

ON the RBV … this warrants a bracketed market to either continue the downward movement or GO Long!

Market is Poised for an Upside Breakout … IMHO Today

Market Took OFF and Showed its hand with 2 BBV HVS Spikes above 1000! Go Long Young Man!

Market Runs through 1P to 2P all the way to 3P before pulling back.

Caught in the Pullback … I was looking for a 7P Move as usual on the setup from the open of the market. Today this placed to cover the long at 5831. The market had other plans and I was caught in the pullback down when the market retraced down and through the R1 point at 5752.

This is more like it!


Kind Regards, Good Trading and God Bless,




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.