Trading CL to Profits...
When you are trading the futures market or spot market you must understand where the orders are going to flow into the market ahead of time. Not while you are watching the tick tape or orders that are already executed. Therefor you must know your market. You must know how price moves and that there are hidden areas in the market where price gravitates to. Here are some facts that you may or may not have known:
1) Did you know that in any 30 minute to one hour candle the last 2-10 minutes is the most important?
2) Did you know that there are power levels which define daily movements that are NOT fibs, NOT volume or any other support or resistance.
3) Did you know that there is an early way to determine price reversal?
There are many ways to trade but very few that are right. The most important things are risk management and position size compared to your account. Get those wrong and nothing will help you.
The past few days by applying some simple rules I was able to book steady profits from oils moves. When the room is open you will see how I manage risk and whether it works for you or not the way I trade. Cheers!
1) Did you know that in any 30 minute to one hour candle the last 2-10 minutes is the most important?
2) Did you know that there are power levels which define daily movements that are NOT fibs, NOT volume or any other support or resistance.
3) Did you know that there is an early way to determine price reversal?
There are many ways to trade but very few that are right. The most important things are risk management and position size compared to your account. Get those wrong and nothing will help you.
The past few days by applying some simple rules I was able to book steady profits from oils moves. When the room is open you will see how I manage risk and whether it works for you or not the way I trade. Cheers!
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