Trend Reversal Day Trading Patterns Gold and Crude Oil Futures
702 views · Published 5 November 2010 · 9:38 · Indexed 20 September 2026
Channel: Joseph James Trading With JJ · 2010 · Education
http://www.sidewaysmarkets.com/2010/11/trend-reversal-day-trading-patterns_05.html We finished a great week in our live trade room with over 300 ticks of profit on gold and crude oil! The BIG news @ 830am this morning was the match that lit the fire with gold, and we made over 250 ticks simply buying the lows and then taking our profit at the highs. Crude Oil earned us more profit with 2 failure patterns using a simple wedge pattern and buying the lows. We then sold the highs after taking profit for a few more ticks coming off the highs. Today was a great example of ways to use our divergence indicator as well as our 3 basic trading patterns working hard for us.
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