Tuesday, October 14, 2014

Price Action Trading The Spike and Ledge Pattern On Crude Oil Futures; SchoolOfTrade.com

Selling the Spike and Ledge Pattern allowed us to bank a hefty profit of 123 ticks this morning!

In today's video we see Crude Oil catching a nice push up but failing to continue and forming the Spike and Ledge Pattern.

This gave us an opportunity to sell the breakdown of it for a profit on the trade of $1,220!

We use a simple trading strategy that can be used on ALL markets! When you learn these simple strategies you will be able to make profits on any market you wish to trade, from Futures to Stocks and everything in between.

The Spike and Ledge Pattern is a VERY strong pattern when it shows up and should not be ignored! This trade shows exactly why as it can make you some SERIOUS bang for your buck!

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