Shorting Crude with a Five-Tick Stop

We found one fat trade during this session – a short in December Crude that required a second attempt to produce a winner. If you want to refresh your familiarity with the camouflage entry technique, this segment will be instructive, since the trade we found occurred on the one-minute chart and subjected us to initial entry risk of just five ticks. We also pondered gold’s latest weakness. As you will see, price action at the midpoint pivot was predictive of a further slide in the December contract to 1234.10 that had yet to occur when this description was published .