Archive for February 11th, 2013

Days of Negative Price Action on Crude Oil

Days of Negative Price Action on Crude Oil

The other trade which I had tweeted out last week was my long Crude Oil trade. Once again, you can see that there was a strong bullish pin bar showing that the buyers were in force. As a Daily chart trader, I entered my trade on the close of the pinbar (ie right at the top of it). The market over the next few days then sank and didn't look very well. In fact, the price action sank as soon as I went long and price dwindled pretty much at the base of the pin at the 9500 level. I pretty much lo

February 11, 2013 1 Comment Full Story

Stopped out on the Silver Trade

Stopped out on the Silver Trade

Silver silver silver! So we have been holding onto our Silver trade for almost a week now and despite the bullish candlesticks, it failed to go where we wanted it to go...   the price crashed below our stop and we were taken out of the market. Grr, we're not doing so well with our trading so far and it's frustrating. A lot of people at this point abandon their trading strategy.. it's times like these where we need to focus and build on our work to date.. not throw it all away and start a

February 11, 2013 No Comments Full Story