Take a look at MY personal favorite trade of the week, the Crude Oil Inventory Report trade with the CPT.
Every week we look forward to the release of the Crude Oil Inventory Report, one of our favorite tradeplans of the week. It’s quite straight forward actually. We let the report come out, wait two minutes, and then let the CPT show us the trade we should be in. As it turned out, I took a short trade this morning which executed 3 and 1/2 minutes after the release of the report. Approximately 2 1/2 minutes later, it was hitting its two profit targets as well as stopping out with the CPT Profit Protection Trailing Stop. Like this we can trade multiple positions to higher percentage, accurate targets while also protecting our profits as the trade progresses.
Today’s Crude Oil Inventory Report was ‘one and done’ today, hitting its goals with the very first trade. All in all, we were in the market for 2 1/2 minutes. If only I played golf, it would be about that time!
Traders who join the CPT program learn exactly how we trade the Crude Oil Inventory Report each and every week. In fact, on normal weeks (non holiday shortened weeks), we actually trade this live in the CPT traderoom. It’s the best way to learn and I would highly encourage you to consider it. This is a long running successful tradeplan and as you can see from the example, it’s as straight forward as it gets when it comes to successful consistent trading.