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CLPower Wow Crude Oil 408 Ticks Down Today

Some day trading thoughts today.

Dave

Did YOU See the Crude Oil Market Today

Wow, we went down almost 350 ticks on the day trading session at the time of this recording in the crude oil futures market.

Yes, I continue to day trade at TopStepTrader (TST). I am in step 2 or FTP currently. At the close of trading, I am up 1K on my FTP account and getting ever so closer to the funded account once again.

As you know, I day trade in the crude oil futures market. This is the futures market that I do my best to specialize in as a day trader at TopstepTrader (TST).

Here are some points to consider on a closing basis today ... the longs need to get the market about 5850 to stand any chance right now to get back to 60 dollars a a barrel.

The shorts want to keep it under 5850 on a closing basis to open the door to 55 to 54 per barrel price range.

What are your thoughts?

Good Day Trading,

Dave Knight
TradeCraze

Day Trading Squirrel Gets the Nut: https://123daytrade.com/announcing-cl-power-day-trading-strategy/

Continuation of the day trade today along with some supply and demand talk.

Was there a good time to reverse and go long day trading crude oiil futures? Find out.

Good Trading,

Dave Knight
TradeCraze

P.S. Day Trading Course Details: https://123daytrade.com/announcing-cl-power-day-trading-strategy/

Hitting Gann Golden Ratio Join Me Bugs Out: https://123daytrade.com/announcing-cl-power-day-trading-strategy/

Today, we hit the Gann Golden Ratio Number. It's the 137.5 degree angle. I like to call it the magic number.

Now, this doesn't mean the crude oil futures market will stop here ... it's just a point in the sand that I want to take profit away on my day trading in the crude oil market.

But ... Join Me definitely bugged out on me in the live day trading room. At least, Demio worked better than Join Me. I had white screens that would not recover.

So I continue to have issues with a valid webinar service against my trading computer.

But ... you can get my course still for $57 investment. All of my trading ideas are being shared there ... well worth your time and money.

So that's it ... I will put up the day trading video today on my CLPIT Strategy for you to review. Once again, Join Me is not going to work. It was worse than Demio.

Kind Regards,

Dave Knight
TradeCraze

P.S. Day Trading Course Link: https://123daytrade.com/announcing-cl-power-day-trading-strategy/

CLPower CLPIT May 22nd 2019 Plus 43 Ticks to Gann Golden Ratio Number

Well here is the day trading video I did today. I have been using Camtasia Studio for years now. It's a great tool as well to record your day trading.

I exited close to the Gann Golden Ratio Number on the day trading session. As I have said before, this doesn't mean the end of a move it's just a great point to exit on one contract when you have it on the table.

If I was day trading two contracts, then this is one of the 200 Bar SMA trailing days on the 2nd contract. As I am writing this the crude oil futures market is at a low of 6153.

I like to trail the 2nd contract off my Blue 200 Bar SMA to allow the market some room and continue to seek a lower number if that is the case like today's price action.

Enjoy!!

Good Day Trading,

Dave Knight
TradeCraze

Join Me Trading Room Link: https://join.me/tradecraze52

Thanks.

Dave

Announcing So You Think YOU Can Day Trade

We need a stable webinar service. Demio is not a solution as most of you that has visited my day trading room.

Let's showcase your talent!

You must be a futures trader to get the reins. Preferably, day trading with TopStepTrader (TST).

Kind Regards,

Dave Knight
TradeCraze

Why I Day Trade at TopStepTrader

Three Main Points to Video:
1. Whole Trading Account is at RIsk
2. Adding to a Losing Position
3. Martingale Strategy (Doubling up as the market moves against you.)

I never said I was the sharpest tool in the shed ... what I know about me is I am dangerous in a real futures day trading account without a set of trading rules to follow religiously.

Can you check your pride and ego at the door? I had to ...

Good Day Trading,

Dave Knight
TradeCraze

What Do Legos and Day Trading Have in Common

Here is what I know about this short lecture ... even 7 and 8 year old football players understand which structure is tougher to knock over.

What are you building the Egyptian Pyramid or the Inverse Pyramid?

Which one should you build as a trader? When you are attacking the market wouldn't it make sense to add to a winning position by reducing the initial contract size?

Which way makes more sense? 1 2 4 8 16 sequence in a losing position or 16 8 4 2 1 sequence in a winning position?

Food for thought ...

Good Trading,

Dave Knight
TradeCraze

P.S. Trading shouldn't be so difficult ... but it is because we allow our ego and pride to get in the way of logical critical thinking and trading.

Futures Martingale Strategy Table Limit (Time stamp below)

Start Here Martingale discussion begins around here: 00:08:45

Bottom line ... I do not endorse this way to day trade in the futures market. Hopefully, this will discourage any of my fellow traders consider it as a valid way to day trade.

Good Trading,

Dave Knight
TradeCraze

Free Trade Wednesday May 15th 2019: http://123daytrade.com/day-trading-room-free-access-may-2019

Do you need a day trading strategy? Today, my CLPIT strategy is on display. See you in the live day trading room.

Good Trading,

Dave Knight
TradeCraze

Link: http://123daytrade.com/day-trading-room-free-access-may-2019

CLPower Continuation Tuesday 50 Percent Fibonacci May 14th 2019 Part 3 Plus 36 Ticks: https://123daytrade.com/courses/clpower-day-trading-strategy/

So what are some of the things you will learn in my day trading course? Here is just a sample of the content that is already available for a Heinz 57 Investment.

Love to see you inside ... if it makes sense to you.

Enjoy!

Good Day Trading,

Dave Knight
TradeCraze

P.S. Check out my Day Trading Course Details Here: https://123daytrade.com/courses/clpower-day-trading-strategy/

Day Trading Keyboard Commando: http://123daytrade.com/courses/clpower-day-trading-strategy/

There were 2 decent setups for the short side today. The first was at the 50% retracement level off the daily range from Monday's trading.

The second one came in off the golden ratio number a Gann concept off his square of 9. This was around 6206 in today's day trading,

Maximum profit on both these trades was around 50 ticks each. It was a decent day ... but I was looking for a continuation move from Monday into Tuesday.

I call it continuation Tuesday that leads to Turnaround Tuesday.

So are you a keyboard commando that can't trade? Most that type the hate are in the same sandbox with you.

Good Day Trading,

Dave Knight
TradeCraze

P.S. My Trading Course is only $57 to learn how to do it effectively and efficiently ... or just keep hating.

Link: http://123daytrade.com/courses/clpower-day-trading-strategy/

Traders are Magnets that Attract and Repel

So let's have some fun at the expense of the haters today. Damn I continue to grow and learn as a trader and continue to approve and get better.

I bet that just repels and doesn't attract you ... haha.

Good Riddance,

Dave Knight
TradeCraze

God VS Money in Trading

Our subject is one of those fire and brimstone Bible thumping sermons I heard as a kid. You can't serve both God and money.

But, clearly, Jesus in Matthew 25:14-30 taught otherwise. The one that got in trouble was the one that buried the talent.

In the NASB version of this verse, it actually uses the word "TRADED" on more than one occasion.

The talent spoken about here was a Roman measure of money that was worth a lot during the time Jesus was teaching and using this parable to teach others about the kingdom of Heaven.

So ... don't be so quick to judge people that are trading for a living or doing there best to trade for a living. Even Jesus himself recognized this as a profession.

Good Trading,

Dave Knight
TradeCraze

CLPower CLPIT Strategy May 8th 2019

Can this be a decent reversal point on a trading session? What are your thoughts?

Look at the price ladder ... before and after (entry and exit).

Everyone that trades actively knows there could be a possible TURNING point of the market ... is this a good turning point, in your opinion to study further?

Thanks.

Dave Knight
TradeCraze

Can a Trader GET a Thumbs Up

You know not everything is roses since I restarted my trading career. I could use a dose of PMA to drown out the naysayers and haters.

I appreciate you taking the time to press the thumbs up to quelch the negative people on my channel running interference and confusion.

Thanks again for being you and watching my content.

Good Day Trading,

David Knight
TradeCraze

How to Pass TopStepTrader Combine Plus Day Trading Course: https://123daytrade.com/announcing-cl-power-day-trading-strategy/

To be totally transparent ... this video is about my day trading course and how it may be of benefit to you and your day trading.

Thanks for watching ... if you don't need any help in your day trading, then you shouldn't bother watching this video.

Why? Because it is about my day trading course.

Good Day Trading,

Dave Knight
TradeCraze

P.S. My Day Trading Course Details: https://123daytrade.com/announcing-cl-power-day-trading-strategy/

Day Trading Arguing with Know It All Day Trader

Do you know the difference between a real money account and a simulated account?

Today I go over some basics in trading.

Good Day Trading,

Dave Knight
TradeCraze

P.S. My original title to this video was Arguing with Idiots in Day Trading

CLPower Crude Oil Chit Chat May 2nd 2019

Really not much to add to this day trading day in crude oil futures that I haven't already said at least a dozen times.

Bottom line ... know where you are at time of trade and the tendency of the market and price action. Especially on days that start close to R2 and S2 for the day trading session.

Obviously, this is one of those days I am glad I was in FTP and not in a real account. 19 trades is way to many for my way of trading.

The best trade was to find a short and to remain short ... there was no reason to deflect from this stand point for most of the day trading session in the crude oil futures market.

Yes, I get tired of creating another broken record. Well ... what can I say other than be smarter ... know where you are in relation to the pivot point and what the market is doing.

The market will cooperate most of the time ... but KNOW where the market is located.

New RULE against R2 and S2 ... don't short early against R2 days and don't go long early against S2 days.

This should be a decent rule to follow from this point forward and keep me away from days where I take 18 longs and only 1 short.

Yes. I know I have been working on my LONGS but it is time to work the whole trading strategy and not just working on one side.

See you in funded soon enough where I will stay ... :)

Enjoy the F#$% day I had haters.

Good Day Trading,

Dave Knight
TradeCraze

Free Trade Wednesday May 1st 2019: http://123daytrade.com/day-trading-room-free-access-may-2019

See you inside!!

Dave
TradeCraze

Trading Know It All Getting Banned

So don't you just love the know it all people who know everything about everything ... they are too smart to know that what they are saying is stupid.

What this normally tells me is they haven't been around long enough on earth to experience enough life issues to understand the wisdom ...

The wisdom of being humble in all and understanding the older you get the more you learn about what you don't know.

I know enough to understand what makes me tick as a trader. What allows me to get up and keep moving forward.

Anyway, every so often you just have to say enough is enough. This is a place to share ideas, but when you get excessively negative then its time for you to find another place to spread your "gospel of negativity."

Forest Gump banned and Justin V very close to banning.

This is a channel that supports trading ideas. Come and talk to me after you get your screen time behind your keyboard commando actions or grow up.

Good Day Trading,

Dave Knight
TradeCraze

P.S. From this point forward, any emails sent to me with fake names and not being brave enough to tell me who you are to my email will be automatically deleted. In addition, expect a no response in the comment field here on YouTube.

CLPower Close 30 April 22nd 2019

This day trading strategy works best on a bigger up move or down move then fading into close. Today, it was close to being a nice winning trading setup.

Enjoy.

Good Day Trading,

Dave Knight
TradeCraze

Being Successful at TopStepTrader is Our Goal: https://123daytrade.com/announcing-cl-power-day-trading-strategy/

When I started this channel, I didn't know that I would be at TopStepTrader, but I am now. It has been a life long journey to be a successful trader.

I have learn how to trade from some of the most successful traders in the business, but until you own your own trading strategy that is a moot point.

I wish everyone well in their pursuit to become a funded trader at TST. Many will not make it no matter how much they bluster and moan and groan.

This is a fact. I have learned over the years that a lot of people come and go in this environment. And a lot of the trolls that came before the current trolls have come and gone.

Trading is a journey and a life long pursuit. I believe most who succeed at trading have the never give up attitude.

In other words, never ever ever ever ever ever ever ... quit attitude which is required to remain a successful and persistent trader.

Many of the big names of trading have had losing days, months and even years. It happens to us all. This is a business that only a very small fraction retain success year in and year out.

This blog and vlog was started to document the good, the bad and the ugly of day trading. Yes, you have to have it all to understand what it takes to success as a trader, in my very humble opinion.

If by my experience, I have shortened your learning curve then I am honored that I have been a rather small part of your achievement.

In the end, it is up to each and every one of us to become a success in trading or not ... either you can or you can't trade.

I know personally I will make it back to the funded account. I have a trading and personal plan on how to get there. I have and continue to document my trading journey for all to see at here: https://123daytrade.com/announcing-cl-power-day-trading-strategy/

I wish each and everyone of you nothing but success in your trading journey.

Good Day Trad..

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Created 9 months, 2 weeks ago.

133 videos

CategoryEducation

Crude Oil Day Trader also a funded trader at TopStepTrader (TST).