April 22, 2013
- in Uncategorized by schooloftrade
Price Wedge delivers a Price-Reversal and +150ticks profit
This morning we opened our Live Trade Room at 8:00am EST and
used the Price-Reversal and Price Wedge set-ups to determine
the direction of the market, where to find our entry, and where to take our
profit-target on the trade. In today’s
recap you will learn how anyone can use a price wedge, daily
price-levels, and our Entry-Trigger Indicator to make daily profits.
used the Price-Reversal and Price Wedge set-ups to determine
the direction of the market, where to find our entry, and where to take our
profit-target on the trade. In today’s
recap you will learn how anyone can use a price wedge, daily
price-levels, and our Entry-Trigger Indicator to make daily profits.
This morning we used both the Price
wedge and Price-reversal set-up to nail a short trade for +150ticks
wedge and Price-reversal set-up to nail a short trade for +150ticks
We got some big clues this morning during the morning prep at 8:00am EST.
The first thing we noticed was that today was the Monday after OPEX and Contract Rollover for Crude Oil
Futures so we expected to see a volatile morning session in the US because most
traders would have no choice but to re-enter into positions before the end of
the day today.
The first thing we noticed was that today was the Monday after OPEX and Contract Rollover for Crude Oil
Futures so we expected to see a volatile morning session in the US because most
traders would have no choice but to re-enter into positions before the end of
the day today.
Contract Rollover and OPEX occurred on Friday, making it easy
to anticipate big volatility in Crude Oil Futures
to anticipate big volatility in Crude Oil Futures
Our second clue this morning came directly from our Anchor
Charts, and the daily price-levels.
Every evening we post the price levels for the following session, and
today we used the charts that were posted for ALL 4 membership levels on Sunday evening. We noticed right away that there we had
tested a sell-zone and when we saw the price-action stall and tumble below the
sell-zone we knew it was time to get short.
We used the buy-zone below us as the profit-target for the short trade.
Charts, and the daily price-levels.
Every evening we post the price levels for the following session, and
today we used the charts that were posted for ALL 4 membership levels on Sunday evening. We noticed right away that there we had
tested a sell-zone and when we saw the price-action stall and tumble below the
sell-zone we knew it was time to get short.
We used the buy-zone below us as the profit-target for the short trade.
The price-reversal inside the
sell-zone, followed by signals on the Entry-Trigger Indicator made it easy to sell
short
sell-zone, followed by signals on the Entry-Trigger Indicator made it easy to sell
short
Once we entered into the trade short it was easy to plan the
trade-management. To manage the trade we
used our trigger-zone for a trailing stop-loss and a final profit-target was
placed ALL the way back down in the buy-zone.
We used the sell-zone to get short, and the buy-zone to take our profit
over 100-ticks after we had entered into the trade. Another AMAZING trade and an incredible
profit on the day!
trade-management. To manage the trade we
used our trigger-zone for a trailing stop-loss and a final profit-target was
placed ALL the way back down in the buy-zone.
We used the sell-zone to get short, and the buy-zone to take our profit
over 100-ticks after we had entered into the trade. Another AMAZING trade and an incredible
profit on the day!
Follow every trade we take by joining the trial or registering as a member.
==============================================================================
Want to see the trades we took today? Find them here.
==============================================================================
