Crude Oil Trading August 21st 2015

Friday: August 21st, 2015

Crude Oil Trading … Day 9 of the 10 days of the TST $30K Trading Combine. I need today and Monday to complete my trading combine at Top Step Trader and submit to review to move on to the next step here.

Crude Oil Trading Opening Range this morning: Closing in on the pivot point … blue bar volumes … looking to SHORT the market on a valid signal now.

Crude Oil Trading today … the initial rush of movement in price action sent the market back to the pivot point on the day.

CLPORT Method: Trade #1 Short at 4101 Trade Exit today was 4104 minus 3 ticks. The market did not break down after moving and filling the short entry.

The market went right to the R level on the trade today. This level today in the Crude Oil Market was 4119. Once again, I am only taking a 3 tick stop loss on the last 3 trading days to complete the TST $30K Trading Combine to submit for review.

Today’s Crude Oil Trading my account balance at the end of the day and week stands at $31,564.80. Today’s trading loss was $33.68. If I lose another $33.68 on Day 10 this will bring my trading account balance to $31,531.12, which is above the profit target of $1,500 by $31.12, and I will finish the TST Trading Combine with a 50% Win/Loss Rate which is also above the 45% level.

All other points will be completed with the green checkmark as well in the $30K TST Trading Combine on Monday … LORD willing and the CREEK don’t rise!

For the trading week, I finished plus 60 ticks or $600 net before commissions. I could have taken more out of the market on Wednesday, but I knew I had enough profit to pass the combine as described on the trading day and my blog post.

I suppose this will do it for my commentary for the week on this blog post.



Good Trading and God Bless,

David M. Knight

P.S. TST Trading Statement:



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.