How I Traded Crude Today Using Bollinger Bands
Hey trader, Crude oil hasn’t been this volatile since the COVID crash. The Strait of Hormuz is closed…headlines are changing by the hour…people are either frozen or chasing every spike. Indecision has a cost. Every session that passes without a plan is a session where crude hands money to someone else. The moves are happening. The only variable is whether you have a framework to capture them. While I won’t give away all my secrets, I do want to illustrate how I do this. During this morning’s 10% Club session, I called a Bollinger Band breakout on crude oil futures: The entry was at 115.69. The stop was defined before the order went in, 114.72 The target was 117.03. It worked like a charm. The entire trade followed a repeatable system that works whether the catalyst is Iran, OPEC, or a random Tuesday. The Setup Crude oil opened strong