November 30, 2012
- in Uncategorized by schooloftrade
Fake-out Breakout Strategy Earns profit on E-Mini Russell
 |
| Fake-Out Breakout Trading |
This morning we finished up the week of November with a fake-out-breakout strategy for Mini-Russell and Crude Oil Futures that earned us some decent profit, although the session was plagued by lower volume due to the end of the month Friday.
Our first few trades this morning were on Crude Oil Futures using the fake-out-breakout day trading strategy we defined in our morning prep. Crude Oil was trading up around the highs of a price-wedge, and we were looking for price to make new higher-highs and then fail, giving us the fake-out-breakout short-selling opportunity at the PHOD.
