Today, I show a quick $300 crude oil trade. The setup was clean and the trade did take longer than expected. I didn’t hit my profit targets, but trade management kept me profitable.
As shown in the video, my entry was based on a solid base of buying volume (green bottoms) coming up to my Hawkeye Roadkill entry signal. Since volume was lower than normal due to Christmas week, I quickly moved my stop to breakeven.
As the trade progressed, I saw that locking in at least a 1:1 reward:risk level was prudent. So I ended the short trade with 6 ticks ($300 on 5 contracts). $300 in one hour is not a bad wage. So come to class, and learn to trade the Hawkeye way. This quick $300 crude oil trade was just an example of the potential.
Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.
Learn to trade the Hawkeye way.