Hello traders, it’s a Samurai Trader here. Welcome to this short video. In this video, I’m going to be giving a quick recap on trading opportunities that present themselves virtually every day when trading the black crude. What we call the black gold CL. It’s a fantastic market it turns over nearly 500 thousand contracts per day if not more and it’s $10 a tick. Which means if you’ve got a profit target of say $200 a day. You only need 3 a tick trades to achieve that take off your commission and you’re a bit over $200 net per contract.

So I’m going to be showing you and giving you a couple of ideas on trading this exciting market. First of all, I need to start with understanding the risk. Of course, you should never trade with money that you can’t afford to lose not that we want you to lose it of course it’s about keeping you in the game but by law, we’re required to put this disclaimer up. So if you haven’t been on my channel before or see my recordings please read the disclaimer. Thank you.

Now just before we move on to the chart very quickly please subscribe to my channel so you’ll be able to be kept up to date with all of the videos that I produce each week and of course the setups that I teach you or at least show you in this recording or a part of a day traders fast-track program. So for $197 you get my indicators for Tradestation or ninja trader or think or swim or mt4 all of my setups over 40 hours of training. My manuals, my cheat sheets that works. So please visit my website for more information on the day traders fast track program and my 140 plus page ebook the truth about day trading.

So let’s get into this. So first of all during the New York session, I really liked the 350 volume chart. Now some charting packages don’t have volume or many traders are unfamiliar with volume and I actually had a new member joined recently and he trades with a 233 tick which works really well and in a training session I did today. I show it basically they almost match it’s amazing. So one of our members actively trade CL with a 233 tick chart. Now also similar if I spelt that right also during the Globex hours or once a the main market closes and it turns into what we call Globex. I like the 89 volume or you can go as high as the 144 tick. It’s a little slow but there are basically great trading opportunities nearly 24 hours a day in trading the black gold. Now always sim trade on the simulator use a simulator before going live because as with every market it has its own personality. So let’s go and have a look at this here.

So what we’re looking at here is action from a day one day last week this is a 350 volume chart and I’m not showing you the best trends because I want to show you what the market is really like. Anyone can show you where you go ahead trades every trend or oh you had a great trade a great trend. Let me get this right. We’ve had a great trend and you had nothing but winning trade. Son let’s have a look at this here. This is what we call an 89B. You’ve got an 89B. You’ve got here hat we call a t20, a t20. Now what’s really important traders is that our trade our trading strategies are a good 90 percent mechanical and probably learning more to 95%. Where’s the variance so why isn’t it 100%? gotta take notice of news and you’ve got to make sure that you’re not in what we call a choppy market. So e have 12 different strategies that we teach you but you only need two or three to have an incredible career as a day trader. So here you’ve got a t20. This is one of these key trading setups. You had one there, you had one there, you’ve got one just back here. You’ve got an 89b, 89b, 34b, 200b, t20 set up, t20. You’ve got down here. You’ve got a t20 that would have been a loss. You had another t20 here. Let’s not forget the 3’s. Had a t3, t3, t3, t3, t3. most of all bar 1. 1 would have been closed but otherwise, they’re all winners. we going along here. You had a three. That would have been lost for you but then you had a t25 and a t2, a 34b then you get back for a t20, a t20 again. So trade is there’s just so many trading opportunities. Now to give you an idea here say 10 ticks on this for all $100 gross is let me just show you where that’s from. So for low of that to the high that’s 86. So that’s about from there to there that represents 100 dollars. So each one of these little black ticks or little black marks. You can see there on the tails on the candles is a $10 move. So you’ve got to make sure you trade it correctly but as long as you’re on that what we call you follow the gold. So some of you follow the gold and you follow the blue. If you stay on the right side of those and with our methodology for an example blue above gold means you stay long. Blue under gold means you can short. You follow those rules and you’re going to stay on the right side of a ledger. A very very high percentage.

So traders may recommend you go to my website. Request my e-book. Find out more about what we do. My goal is to revive the world’s best value for active day and swing traders. The strategies that we teach work. So come along request our ebook and find out more about the day traders fast track program and how to trade oil. Thanks, traders.