Crude Oil Futures Trading Signals
Better than forex, more liquid and traded through a real exchange as opposed to “broker to broker.” No silly games that bucket shops play.
HUGE,HUGE market. Hundreds of millions $$’s contracts traded daily. About a $2billion a day traded market. Believe me trading $1m+ (1,000 contracts) at a time is no problem here in terms of liquidity.
I had a 40 penny stop in place with a 100 penny profit in place. If you were to use 1 contract, which is the same as using 1 Lot, you would be risking $400 to make $1,000. If you were to use 2 contracts that is risking $800 to make $2,000. Using 3 contracts is risking $1,200 to make $3,000. Trading the Futures in general is the most lucrative way there is to make money, you just need to be able to get the direction right. If you cannot then you lose a lot of money. Big dollar/high risk game.
Signals Strategy: What I’m trying to do is win every Signal, I’m never going to be able to achieve that of course but what I want to do is get my win percentage up as high as possible. If I can achieve a 90% accuracy with only taking 3-4 trades per month and generate a profit of +300 pennies per month I’ll be very happy. What this allows the trader to do is start using more contracts and this of course allows for a dramatic increase in profits. If however you start on a losing streak not only does this negatively effect your account but at the same time it negatively effects your emotions and confidence as well. This is why achieving a high level of accuracy in your trading is the most important thing there is to do, and it takes skill along with a very heavy dose of patience and discipline. This is the true hallmark of a professional trader. If however you make one mistake and allow yourself to get sloppy even for just one day in a month, that can destroy your entire account and your emotions to go along with it. This is why patience and discipline are the two most important aspects to a traders success, and the professional trader must master these if they want to make a true living trading oil or anything else. These Signals will help you and teach you not only Code 2 but also patience and discipline, and when you see a Signal you can analyze it yourself to find out why it was taken, and you can learn a great deal from this. You’ll also see that you don’t need to press yourself to get trades all the time, you just need to be accurate when you do enter, and make +200 to +600 pennies per month with an 80% to 90% accuracy rate, and then you are in the money, it’s really that simple. This is the true secret behind all trading, it is the holy grail itself, and the least understood. I learned this a long time ago watching real traders at Financial Chat take 50 trades per day and break even for the day and another trader take one trade in a day and win each time. I learned that this trader had the right system, he had a way of having the patience and the discipline to wait for the right trade to present itself, wait for the math to be just right, where you have the maximum mathematical advantage you can get and then you pull the trigger. I would be amazed by his accuracy, not only when to get in but when to get out as well. To this day I’m not as good a trader as this guy was. I’m a scientist, he was a born trader. But nobody was like him, nobody as good as him. But I learned from him, and studied what he did, and I traded that way just like him and have become good at it, and it’s simply the practice of knowing when a good trade comes and having the patience and discipline to wait for it to come, it’s really that simple, but it comes with experience and practice. These Signals will help teach you that skill, and it’s the most important skill there is in order to make a true living at trading.
Subscribe Oil Trading Signals