Archive for November, 2011

A short term trade on EURUSD – bollinger bands, stochastics and break of support

A short term trade on EURUSD - bollinger bands, stochastics and break of support

I don't usually trade off the 5 minute charts but sometimes you fancy doing some scalping when you're at a loose end. Most of my trading focuses on the 1 hour or the daily charts.. with these, you don't need to be at the screen so much and I've found that you don't worry so much about the 'noise' in the market. Anyway, here is a trade which I took from the 5 minute charts for a paltry 6 pips (I got out as the price action looked as though it wanted to go up and also the stochastics were indic

November 28, 2011 No Comments Full Story

100 points on Silver today but left quite a bit on the table

100 points on Silver today but left quite a bit on the table

Today was a straight forward trade.. I put an order to short Silver 10 points below the previous support as you can see below and put a 100 point limit on it. It worked like a treat and I got my 100 points relatively easily but the market continued without me. As I write, Silver is at 31.44 meaning that I left more than 50 points on the table. I do find it very difficult to know where best to take profits.. I've done the take 100 points in the past to find it ends up like today, it moves f

November 17, 2011 No Comments Full Story

So Close, Yet So Far – Trading Crude Oil

So Close, Yet So Far - Trading Crude Oil

The markets really moved a lot again today and I went long Crude Oil see a 1 hour pin bar off 9500. I got in at 9550 and had my stop at 9480 and was hoping to ride the market to around 9700. The below shows my entry... What was annoying is that I got stopped out so close to where the market turned for the higher. It was 9456 so a mere 24 points away... ugh! So I ended up taking a 60 point loss when it could have been a lovely 150 point winner! That's the frustration with the mark

November 9, 2011 1 Comment Full Story

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