Tuesday, August 23, 2016

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



We had a relatively lack-luster morning with price more in a range than anything after the initial smaller gap lower. The buyers were attempting to hold the lows after sellers finally got their objectives on the bottom.

After the objectives were met, sellers are less likely to be looking for breakout moves down and would rather sell higher if at all. Knowing this, waiting for the trap where chasing sellers will likely attempt to jump in allowed us to slam price through their stops and bag a MASSIVE run higher!

===========================================================
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.