The Price Channel made me do it....the Dollar did it first!

106 views · Published 10 May 2011 · 7:16 · Indexed 28 October 2026

Channel: Joseph James Trading With JJ · 2011 · Education

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http://www.sidewaysmarkets.com/2011/05/price-channel-made-me-do-itthe-dollar.html

We saw two very distinct price patterns on the Crude Oil chart this morning...
- Price Wedge
- Price Channel
We know how to trade these patterns....but the DOLLAR INDEX gave us a BIG sign of things to come early this morning, and I used that signal from the Dollar to confirm my plan of attack on Crude Oil.
At 930am this morning we planned our trades and then traded our plan, earning over 280 ticks of profit the EASY way.

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