I am the founder of A1 Trading, market analyst, YouTuber, and creator of the EdgeFinder software tool.
I caught a huge winner on USoil with the help of the EdgeFinder! In this article, I’ll walk you through my thought process behind the trade and how I found this crazy runner!
On Wednesday, September 20th, the EdgeFinder was showing a strong bullish bias based on COT and other economic data. On the technical side, I was seeing a strong upward trend on the 4H as well as a bullish rejection on the 1H chart. I decided to enter at 89.583 and place my stop at 88.336.
I got stopped out.
I decided to reenter my oil long the next day, placing stops below previous lows.
I got stopped out again.
Tuesday, September 26th
After almost a week of waiting patiently, I re-entered my oil long, placing stops below previous lows.
Analysis:
Fundamentals were still very strong and there was strong rejection happening on the lower timeframes.
Overnight, my USOil trade became a big winner!
Today, I have been watching the trade soar higher and eventually breaking through recent highs. What a runner!
I am trailing my stops and letting the trade run for as long as it wants to. I'll share an update in our free discord channel when I exit. Join the discord channel to see the updates!
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