November 3, 2014

Wedge Breakout Price Action Trading The Crude Oil Futures; SchoolOfTrade.com

Selling the break of the wedge this morning on Crude Oil allowed us to bag a MASSIVE trade of 198 ticks this morning!
In today’s video we see Crude Oil breaking out of the wedge this morning after failing to push to a new high.
This gave us an opportunity to sell the breakout of this wedge and put away a HUGE profit of $1,980 on only 3 contracts!

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I wish I could say EVERY wedge worked this well but they really don’t. They are phenomenal patterns and one of my favorites but it isn’t every day you get a 100 tick runner on a breakout of a wedge. The important part is that you are on the trade along for the ride in case the pattern runs like mad as it did today. 

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