Day Trading Crude Oil

Day Trading Crude Oil February 13th 2017

Day Trading Crude Oil February 13th 2017

The Crude Oil Futures Market I was looking for a move to 5269 during the day trading session.

The closest we got to it this morning by 10:30AM CST was 5277. So we were 8 ticks away form the Gann Golden Number (ratio) of 5269 today.

I had three trades for a net of 19 ticks today to finish out my day trading session in the crude oil market.

So let’s see what tomorrow brings now …

YouTube Video Summary:

 

Wistia Day Trading Videos:
Part 1:
 

 

Part 2:
 

 

Part 3:
 
Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Futures Crude Oil Day Trading Charts:

Day Trading Crude Oil February 13th 2017

From the book: Boy Plunger (Jesse Livermore)

Jesse Livermore

Jesse Livermore

“A stock speculator sometimes makes mistakes and knows he is making them. And after he makes them he will ask himself why he made them; and after thinking over it cold-bloodedly a long time, after the pain of punishment is over, he may learn how he coame to make them, and when, and at what particular point of his trade, but not why. And then he simply calls himself names and lets it go at that. Of course, if a man is both wise and lucky, he will not make the same mistakes twice. But he will make any one of the ten thousand brothers or cousins of the original. The Mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line.”

And another quote:

“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be – up or down. The thing to do is to watch the market, read the tape to determine the limits of the get-nowhere prices, and make up your mind that you will not take an interest until the price breaks through the limit in either direction. A speculator must concern himself with making money out of the market and not with insisting that the tape must agree with him. Never argue with it or ask it for reasons or explanations. Stock-market post-mortems don’t pay dividends.”

 

Good Trading,

David M. Knight
TradeCraze

P.S. Click: Live Day Trading Room Path Link

 

 

 

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.