Category: Crude Oil Futures
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The Crude Oil Session Tradeplan Won Again, But I Didn’t
The Crude Oil session today had real lousy price action. The early morning sessions for us in the traderoom were quite successful though, hitting their tradeplan goals with the very first trade of our tradeplan, which is always good. That’s not what I’m referring to though with the title of this post. Today was our…
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Failed Breakouts Often Lead to Strong Moves in the Opposing Direction
I often talk about my favorite trade setups. A setup that I find to be incredibly reliable is the move in the opposite direction that occurs after a failed breakout. The way today’s Crude Oil Inventory session worked out was a great example of that. Failed Breakouts Clear support or resistance level The price breaks…