Wednesday, January 28, 2015

Price Action Trading The Bear Channel On Crude Oil Futures;

Selling the test of the channel highs allowed us to bank a solid 50 ticks right back to the lows this morning!

In today's video we see Crude Oil coming up and testing projected channel highs and holding nicely.

This gave us an opportunity to Sell the failure at the channel high and bank $500 right back down again!

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Channels are by far my favorite setup in the markets and when they hold this nicely it is hard to skip them! You ALWAYS want to keep your eyes open for channels big and small, they can give you a big heads up on what is going on in the market you are trading.

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