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

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Buying the Wedge Breakout allowed us to put away a gorgeous 170 ticks this morning on Crude Oil! \r
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In todays video we see Crude Oil Futures rocketing higher on Saudi news this morning creating a Wedge Pattern pullback.\r
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This gave us an opportunity to buy the breakout and even add another on the channel for $1,700 on the trade!\r
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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. The early morning news caused a massive spike higher allowing buyers to take a nice profit taking push down and reload on the Wedge Pattern breakout. This also formed a rising bull channel that the market reacted to as well for an add-on to the trade!\r
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THE US GOVERNMENT *REQUIRES* ME TO TELL YOU:\r
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U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Dont trade with money you cant afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.\r
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.\r
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