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!
Finding My Entry
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.
Fundamentals were still very strong and there was strong rejection happening on the lower timeframes.
Patience Pays Off
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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