Live Day Trading Crude Oil Futures Overnight Session 12-1-2016

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This is a video of a live overnight day trade taken in the Crude Oil futures market on Thursday 12-1-2016.
The early overnight (globex) session had sold off down to the support in the 48.90 area formed late in the regular trading hours from Wednesday.
The test down to that support was with extreme aggression and then had no follow through.
The market then rallied back above the early high which confirmed the exhaustion of the selling.
A long trade was entered at 49.35, which was just above the wave of selling that started the overnight session.
The first contract was exited with a limit order for a 15 tick profit.
The second contract of the two was exited with a stop order at 49.91 for at 56 tick profit.
The net result was a total profit of 71 ticks for the 2 contracts.
This trade is a good example of several phases of the market.
The most notable are the exhaustion and conformation of it but also the trade management used with the ‘day trade the markets’ software. Site:


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