September 13th 2012: Crude Oil Trading

Hello Traders,

“The biggest mistake that you can make is to believe you are working for someone else.  Job security is gone.  The driving force of a career must come from the individual.  Remember:  Jobs are owned by the company, you own your career.”  – Earl Nightingale

In trading Crude Oil today, the FOMC was in session.  At 12:30PM Eastern the initial wave of information came out offering a nice trading setup.

Then at 2PM the Budget Balance came out today offering another decent trading opportunity shown on the YouTube trading video below.


Thursday Trading Video:

As I continue to develop my CL Power Trading Strategy, it has come to note that you can just about predict when the market is ready to turn around or continue its advance with the current daily trend.

I have found during my personal reflection as a trader how we need to continue to evolve as the markets continually evolve.  But the basics are always the basics!

The overall key to successful trading is to be a good risk and money management trader.  I continue to develop winning trading strategies that I seen other traders using, but the overall KEY to success is trade management.

I try to pound this in at least once a month … always TRADE with your EDGE!

Good Trading,

David ‘Tiger’ Knight

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.