FTP

FTP Day 3 Plus 50 Ticks Overall

FTP Day 3 Plus 50 Ticks Overall

During my trading day today, I was able to reach 50 ticks ($500) in my trading day. I enjoy day trading the crude oil futures market. All of my trades came from the crude oil futures market.

In addition, my FTP (Funded Trader Preparation) Profit Target was $500 here at TopStepTrader (TST). I will be on cruise control from this point forward going back into the funded account.

3rd time is the charm at TST!

Futures Crude Oil Day Trading Charts: Yesterday Trading Summary

Futures Crude Oil Day Trading Charts: TieBreaker Needed Before Trade

As we opened up the trading day, we needed a tiebreaker event to get us into any trade today.

Futures Crude Oil Day Trading Charts: Stopping Volume (Topping) Blue Bars

If you look at the futures crude oil trading chart below, then you will notice that we have a lot more blue volume bars than red volume bars.

What this means to me … is stopping volume … we are topping on the buy side and you should start looking for a short signal.

Futures Crude Oil Day Trading Charts: Gann 4th Time Through Signal

Good ‘ol GANN comes through for me on the 4th time through … we saw penetration back to S1 … and then we saw our first selloff of the day trading session after the open outcry.

Futures Crude Oil Day Trading Charts: Short Entry 4796

Short trading signal at 8:16AM CST … this one was only for a tick today.

Futures Crude Oil Day Trading Charts: Fakeout Signal

Another short trading signal at 8:28AM CST … the fakeout signal came into the crude oil market. It was a valid short signal and we went down from here.

Futures Crude Oil Day Trading Charts: Short Entry 4791

1P Profit Target acheived on the original trade entry or Trade #1 above.

Futures Crude Oil Day Trading Charts: Gann 4th Time Through (2nd Signal)

Gann shows up again during the trading session! Down we continue to go on the trading session!

Futures Crude Oil Day Trading Charts: Trading Channel (Congestion)

Here is another view of the same area with a trading channel forming and we will break out normally in the direction of the current market direction, which today was to sell off or short.

Futures Crude Oil Day Trading Charts: 2P Profit Target Reached

2P Profit Target Acheived on the break back down to S2 on the trading charts.

Futures Crude Oil Day Trading Charts: Stopping Volume (Buying)

First indication that buyers are trying to stop the selling here …

Futures Crude Oil Day Trading Charts: 3P Profit Target Acheived Also Red Highest Volume Bar

After we continued to selloff, then we saw what is called Highest Volume Bar … it was RED in color and today this is basically where the crude oil market stopped going down on the trading session.

Futures Crude Oil Day Trading Charts: Long Signal above 200 Bar SMA

After the 2nd time up and through the 200 Bar SMA … this was my first LONG signal of the trading session.

Futures Crude Oil Day Trading Charts: Blue Bar Volume (Blowoff Volume)

After the long signal … we also saw the Blue Bar Blowoff Volume … cleared out long trade and started looking short once more …

Futures Crude Oil Day Trading Charts: Trading Spreadsheet

Futures Crude Oil Day Trading Charts: FTP Trading Summary

Here is my trading summary on the FTP today … as you can see I am up net $747.44 after 3 trading days. I can now simply put my trading into cruise control over the next 7 days and get back into the Funded Account at Top Step Trader (TST).

 

Good Trading,

David M. Knight
TradeCraze

P.S. Made FTP Profit Goal of $500 on Day 3 … Cruise Control now On!

P.S.S. Have you seen my Futures Trading Tips Series? Get It Here!

 

 

 

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.