Tuesday, July 28, 2015

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

Buying the channel lows on Crude Oil allowed us to pick up 118 ticks this morning to the upside!

In today's video we see Crude Oil setting up a beautiful channel working higher where we found ourselves at the lows of.

This gave us an opportunity to buy the channel lows to ride the move back up to channel highs for $1,180 on the move!

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Price Action Trading is a VERY delicate thing and it is really a matter of picking up on the clues that the market gives you through the day. We saw a few examples of that today which allowed us to take the trade with confidence and let it continue up to our targets above at the channel after several bounces off the channel lows!

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