Now that is a Trading Setup

Crude Oil Trading May 20th 2015

Wednesday: May 20th, 2015

Crude Oil Trading Today:
TST Quest Video Recap Day 6 Trading

Get Immediate Access: My TST Quest to Become a Funded Trader

CLPORT Method: No Trade Today

Time Based Stop Hit at 8:30AM CST.

CLPIT Method:
Long Entry at 5889 Hit Stop Loss at 5874

CL Power Inner Circle Trade:
Long at 5843

Profit Runner Stop Hit at 5867 (1P)

Net on trading today … 2 trades plus 9 ticks overall.

No trade today at the Crude Oil Open. The CL Inventory Trade didn’t work out, but the CL Power Inner Circle Bracket Long Trade did get us back to breakeven and a small win on the trading day.

One note … do you or do you not take the reverse of the CLPIT? Yes, you can treat it like a bracket trade, if you are nimble enough and have deep enough pockets to stay in the trade to reverse it.

Today the chart looked like this:

That’s all for now …

 

Kind Regards, Good Trading and God Bless,

David M. Knight
TradeCraze

P.S. Profile at TopStepTrader: TradeCraze

P.S.S. My CL Power Open Range Trade Strategy will not REMAIN Free for Much Longer!

 

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.