Here are a couple of a trade examples on Crude oil future on Sept 10th 2024 coming into 14:30 EST floor market close.
5 minutes Crude Futures chart below:
Trade executions 30 second chart shown below:
Trade 1 : Short off the lower high $65.89 to to test prior swing low support $65.50 with a possibility of a runner to test low of the day. (which was rejected and failed which got me stopped out at break even on my final runner after scaling out at multiple targets.
Trade 1 Stats:
Once the market failed to clear the $65.50 lower, I switched my bias from short to long, against $65.50 support for possibility of short covering rally into the close.
Trade 2: I was looking to go long off higher low double bottom setup at $65.50 as shown on the above 5 minutes chart.
My entry trigger on 5 minutes chart was based on the prior reversal bar high breach with initial stop 15 tics below, while trailing and scaling out it as we moved higher towards target.
While watching order flow to execute the setup off 5 min chart, I was able to scalp out into the trade at pre determined targets while still looking for a bigger move to test $66 prior swing high.
Trade 2 Stats:
I was over cautious due to possible volatility into the close at 14:30
Trade 3: Re-entry Long at $65.75 level with a tight stop of 7 tics looking for continuation towards swing high target at $66 area.
Trade 3 Sats:
* All stats are generated by Trading Performance Toolkit running on Ninjatrader Platform.
Hope you find this trade example helpful.
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