Monday, August 1, 2016

Price Action Trading The Crude Oil Futures Bull Failure; SchoolOfTrade.com



We came in to start the month off with a fairly sturdy drop in prices on Crude Oil. This move lower was nice and strong with any buy attempt being almost immediately reversed so looking for buyers failure is a great strategy.

We had a huge bull spike that lead into a 1 tick trap reversal back down into a potential stop run low. This gave us a big clue to sell into the move knowing that bottom pickers trying to buy the low will likely have stops below the lows for a stop run into our objectives!


===========================================================
Test-Drive our Advanced Membership  Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member

No comments:

Post a Comment

Thank you for your comment! Your comment will be reviewed and posted asap, thank you for your patience.