Day Trading Live To Fight Another Day

Day Trading Live to Fight Another Day

Day Trading Live to Fight Another Day

The only HVS Bar was RED so far at 1657 at 8AM CST … This means that the LONG is more apt to trade than the SHORT … although the market can fall twice/three times as fast as it can go up.

So what I can tell you about day trading is ONE Thing has been more responsible for my day trading success. This is taking away more on my wins that what I will allow on my trading losses.

Futures Crude Oil Day Trading YouTube Video Summary:

We are trading at the Pivot Point (PP) today. Ralph Nelson Elliott would tell me to wait for a proper “LONG” setup before getting LONG.

It’s ok to be out at BE on a trade that should be going the other way when I decide to FADE it … for example, going SHORT when the TRUE signal is to be LONG.

Today the true signal is to be LONG until proven incorrect (wrong) there is a RBV HVB above that calls for a LONG trading position. It may stop me out, but it is the correct trade to put on … according to my own trading plan.

Will the crude oil futures market play fair/right today? So adding the 2nd contract in a position of strength using the 200 BAR SMA is my thought process (wise thing) on the LONG side of the trade today.

I finished up 71 ticks on 4 trades today day trading crude oil in the crude oil futures market.

Wistia Day Trading Video: Futures Crude Oil Plus 81 Ticks
 
Futures Crude Oil Day Trading Charts: Day 0 TST 30K Combine (#3)

Futures Crude Oil Day Trading Charts: Long Trade Plus 1P RBV HVB

Futures Crude Oil Day Trading Charts: Gann Fan Interpretation

Futures Crude Oil Day Trading Charts: Long Entry plus 1P and 2P

Futures Crude Oil Day Trading Charts: 3P

Futures Crude Oil Day Trading Charts: BBV HVB Shown and Trade Exit

Futures Crude Oil Day Trading Charts: Today’s Fills

Futures Crude Oil Day Trading Charts: Day Trading Spreadsheet

Futures Crude Oil Day Trading Charts: BBV HBV

Futures Crude Oil Day Trading Charts: Pivot Point Magnetism Works Both Ways

Day Trading Live to Fight Another Day

So …

We were fighting at the pivot point today. It sure looked like we were going to breakout of the 5400 level as it went through this point for the 4th time today, but it was not to be …

The crude oil futures market did go up today during the trading session, but the market also decided to trade back down to the Pivot Point. This is what I like to call PPM or Pivot Point Magnetism. It is one of my day trading setups you can learn about here.

As …

I like to do recently on Friday’s until probably Baseball season kicks into high gear is a one on one YouTube talk. I can talk about anything and I try to keep them between 30 minutes to no more than an hour long.

One of the things I mentioned was my newest course Volume Tick Study (VTS), that I hope to start in March of 2017. This will be a live webinar series that will last 4 weeks in duration, which will be recorded and put up on either YouTube or Wistia when completed.

I will be using the new software platform Demio.com for this webinar series … if you want to participate make sure you have Google Chrome as a browser on your computer or tablet device.

In addition …

I would like to give a shout out to two fellow YouTubers that are video blogging about day trading … here are there YouTube Channels:

Have an awesome weekend!

 

Good Trading,

David M. Knight
TradeCraze

P.S. Do YOU Know I have started a live day trading room recently?

 

 

 

 

 

 

 

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.