If you’ve attempted any study of volume or market profile then you know the 2 most important questions you must always be asking yourself:
1. Which way is the market trying to go?
2. How good a job is it doing going that direction?
The answers to these questions through a careful analysis of your day trading contract should lead you to go short or go long at opportune times. That’s when you rely on your entry method – whatever it is. This video goes over these questions concerning day trading the CL (apply it to whatever you are trading) and also highlights several ways you could have entered trades in Crude Oil today, how big your position size should have been if risking a certain amount of money and managing your stop and profits. That’s a lot of stuff for 10 minutes of your time. Enjoy the video.