Monday, November 3, 2014

Wedge Breakout Price Action Trading The Crude Oil Futures; SchoolOfTrade.com



Selling the break of the wedge this morning on Crude Oil allowed us to bag a MASSIVE trade of 198 ticks this morning!

In today's video we see Crude Oil breaking out of the wedge this morning after failing to push to a new high.

This gave us an opportunity to sell the breakout of this wedge and put away a HUGE profit of $1,980 on only 3 contracts!





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.


I wish I could say EVERY wedge worked this well but they really don't. They are phenomenal patterns and one of my favorites but it isn't every day you get a 100 tick runner on a breakout of a wedge. The important part is that you are on the trade along for the ride in case the pattern runs like mad as it did today. 




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