Big Mike's Trading Blog

Day trading futures, discussing money management and trade management techniques, and more

Pure Price Action: 6 range CL chart from today

Here is a video of a chart I marked up today following the inventory report on CL (9:30am my time).  You can ignore the pretty blue and red colors because no indicators are used in any of the trades shown.  You don't need a blue-to-red indicator to tell you what price is already doing.

I made this video today on a 6-range chart because I recognize that a lot of traders prefer range charts, and prefer a smaller chart than the 5m I normally use.  I hope you enjoy it and find it useful.

The discussion thread is on the forum in the Price Action thread.


Trading Price Action: 6 range CL chart, Apr 21 from Big Mike Trading on Vimeo.


Mike

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