Today we talk about a trade setup from the futures live trading room this morning with a breakout in crude oil (CL). Originally we had a bullish bias due to momentum, but the market broke out of compression to the downside and gave a nice winning trade on the short side. Do not allow your opinion to cloud your judgement on trades. Trade the chart and the market movement, not just your bias.
Recent Related Articles

How to Avoid Walking Off a Cliff in Hiking, and in Trading

How to Get Started with Trading – Without Losing Your Shirt… and Pants
by John Osborn | August 7, 2019 | articles | 0 Comments

Finding the BEST Markets to Trade with Value Charts® and MetaStock
by John Osborn | June 20, 2019 | articles | 0 Comments

Trading Options Gives You Options
by John Osborn | May 16, 2019 | articles | 0 Comments

MicroQuant ValueCharts® Complete Suite Now Available on MetaStock
by John Osborn | May 8, 2019 | articles | 0 Comments

Trading with a Ferrari: How Using Momentum Can Help
by John Osborn | April 15, 2019 | articles | 0 Comments

How to COMPLETELY Remove Emotions from Your Trading
by John Osborn | March 25, 2019 | articles | 0 Comments

Generating Income from Earnings
by John Osborn | March 15, 2019 | articles | 0 Comments

Trading in A Retirement Account, Part 3
by John Osborn | March 13, 2019 | articles | 0 Comments

Trading in A Retirement Account, Part 2
by John Osborn | February 22, 2019 | articles | 0 Comments