Archive for January, 2012
The markets have been very difficult to read lately so I've not been able to trade as much as I would have liked.. if I'm not sure or just feel that I'm not in sync with the markets, I rather be out.
Anyway, I saw a nice set up today. The Crude Oil markets were in an uptrend when the price fell and pulled back. My thinking was that the pullback was going to be shortlived as the price would continue to fall after this. The top as you can see in the below chart was many things.. it was where
January 13, 2012
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So that's the graph of my trade today where my trading didn't go to plan. Everything seems to be obvious in hindsight of course but looking at this chart, I really should have been more aware of what's going on.
You can see where I sold at the double top.. I thought that this would have been a great trade and was looking to take it to 10100 or so. However, if you look at the price action before you see that the price has move outside of the previous resistance, in other words, it found st
January 10, 2012
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Today was a bit of a disappointment in terms of trading for me today.. not because I lost, I actually am a little up today but because of my trade management. I had got in 3 wonderful trades today but I failed to capitalise on all of them which was mightily annoying but gives me a lot of food for thought in improving my trading going into 2012.
Learning to trade has taken me ages and it's great to be finally profitable but it could be so much better if I could manage the trades accordingly.
January 6, 2012
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