No Trade Is Still A Trading Decision

No Trade Is Still A Trading Decision

May 13th, 2015: Wednesday

CL Inventory Report at 9:30AM CST.

By the way, taking on NO TRADE is still a trading decision.

Take CLPORT … Crude Oil Power Opening Range Trade … open range from 8AM to 8:05AM.

8:11AM waiting for 123 to form on chart before any entry … right now at 8:24AM CST … Blue Volume Bars Higher than RED Volume Bars … means CLPORT specifically … BUYING is better than Selling!!

No Trade Is Still A Trading Decision Today … Time Based Stop Hit!!

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CL Power Inventory Trade (CLPIT): Report Released at 9:30AM CST

Today’s trade entry was to short at 6158. Time of trade was 9:33:16AM. Exit on trade was a 2P Target of 6111. Time of exit was 9:35:20AM.

Short position earned 48 ticks in a little over 2 minutes of trading … this is $480 per contract traded!

Could this be your ONE trade a WEEK trade and done for those too busy to be tied to a computer every day?

Why Not!

Kind Regards, Good Trading and God Bless,

David M. Knight
TradeCraze

P.S. Want to see the trade in action? Check out this CLPIT Video!!

 

 

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.