Don't make this mistake Day Trading Crude Oil and Gold Futures
313 views · Published 30 November 2010 · 9:10 · Indexed 20 October 2026
Channel: Joseph James Trading With JJ · 2010 · Education
http://www.sidewaysmarkets.com/2010/11/dont-make-this-mistake-day-trading.html We finished our biggest month of 2010 with over $44,000 trading 4 contracts. Today was a challenging day, slow price action, the dollar was trading sideways, so we had to really be patient and wait for the best opportunities to trade. We started our day with an easy winner on gold with a wave pattern breakout, but then I gave half of the 60 ticks back when I took a loss on gold. The loss on Gold could have easily been avoided, so I spent some time in this video to show you how. Crude Oil traded sideways most of the late morning, and our patience finally paid off when we caught the short off the highs on crude oil for another big winner. We learned an important lesson today on Gold, so don't miss today's review.
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