Tuesday, July 21, 2015

Price Action Trading The Channel On Crude Oil Futures; SchoolOfTrade.com

Buying the S/Ch lows gave us a great long opportunity which turned into 80 ticks this morning!

In today's video we see Crude Oil pushing higher on a very obvious range bound day and making its way back up to break the highs.

This gave us an opportunity to buy the S/Ch formation low and hop in on the move back up for $800 on only 3 contracts!

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Price Action can be traded in so many different ways and this is definitely one of my favorite things to look for. You see the sellers get stopped right in their tracks and forced out of the move by the buyers for a huge double up move on the day!

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