Thursday, May 7, 2015

Price Action Trading Consolidation On Crude Oil Futures;

Selling the consolidation highs on Crude Oil allowed us to pick up a GARGANTUAN 212 ticks this morning!

In today's video we see Crude cycling off the range highs on a rotational day and failing back lower.

This gave us an opportunity to sell the breakdown off the range highs and put away a HUGE $2,120 on the trade with only 4 contracts!

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Range days are very common and actually take up most days. Learning to trade them is KEY when it comes to price action and when you are presented with an opportunity like this, DON'T skip it! We made a boat load of cash on the way down on this fall while only risking 11 ticks on the trade!

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