Today’s taylor trading buy day in crude oil futures daniels trading usd to zar

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Today is a Taylor Trading Buy day for crude oil futures us futures markets. This means we would anticipate an early session selloff, pushing the market at least below the previous session low. We would then look for a subsequent rally, going long when the market begins to rally. Normally we look at the previous day low as a reference price but sometimes the market gives you a better setup.

For the Taylor Trading Technique (TTT) we have a two-step procedure for entering a trade. First, we look for a move below the reference price as a heads up to anticipate a buying opportunity binary domain. A subsequent move back above the reference price is our trigger for a long entry.

July crude oil opened at 48.85 last night and subsequently sold off, making a session low of 48.21 a few hours later. I don’t normally enter trades at night however we can use overnight highs and lows as additional reference prices for trades during the following day session.


For a standard TTT trade entry, we would look for a move back above the Friday low of 48.80 as our entry trigger. In this case (as I wrote in this Morning’s Swing Trader’s Insight watch list), we could alternatively use the overnight low of 48.21 as a reference price, buying after a failed break below that low.

After 8 AM we got the move below the overnight low to make a new low at 48.16 british pound us dollar exchange rate. A few minutes later it traded back above the previous low, giving us an early buy trigger. If you chose to take this early entry we would place stops below the session low- we want to hold trades when momentum is in our favor and a new low would be a signal of bearish momentum.

Crude oil rallied from there, trading above the Friday low about an hour later. If you chose the standard TTT entry, this is where you would go long cool pictures of cars. It reached a session high of 49.28 and a double top at that level about 30 minutes later was a signal to take profits. Try Swing Trader’s Insight for 14 Days

Swing Trader’s Insight Trial – This swing trading resource is designed to help you improve your trading skills and make you aware of trends and new potential opportunities in the commodities markets. Regardless of your current skill level, access to this exclusive swing trading information will enhance your trading experience.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others binary converter. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage usd yen exchange rate. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

Scott graduated from the University of Chicago in 1986 with a degree in Economics aud usd bloomberg. After graduation, Scott worked on the floor of the Chicago Mercantile Exchange then moved upstairs, serving as the personal broker to a former chairman of the Chicago Board of Trade. There, he worked as a broker and margin manager, starting up the firm’s full service brokerage division.

Today, Scott serves as an educator and mentor for new traders, and as a trading partner and ally for experienced traders. The breadth and depth of Scott’s knowledge make him the “go to guy” for both retail and institutional traders.

Scott also publishes two futures advisories, Swing Trader’s Insight and Trade or Fade. He also writes the futures trading blog at www.futuresinsightblog.com funny quotes. Scott has written articles for a number of futures publications and has done numerous futures trading seminars, including seminars for both the CBOT and CME.

Scott offers his customers the knowledge he has gained from his more than 25 years of experience in the futures business. Scott is accepting new clients at this time.

Scott lives in suburban Chicago with his wife and three children. In his free time he enjoys coaching his children’s sports and various other athletic activities gbp to usd. Primary Sidebar

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71 usd to sgd. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.


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