Archive for the Trading Category
Hi All
Yes, I'm still around and don't post as frequent as I used to but I think that's part of the evolutionary process with regards to trading. Initially, you have so many questions, so many thoughts and just want to document everything. I've felt that I had nothing new to add with regards to new thoughts and experiences as I feel I've gone full circle... my trading is now successful and I've at least experienced and adapted to all the various scenarios which Trading can throw at me.
No
June 20, 2015
4 Comments Full Story
I haven't daytraded for ages but sometimes I am tempted and today was one of those days. You can see where I've drawn a horizontal S/R line.. this tied in very nicely with the days price action and I was essentially looking for a break or rebound up at this level. As the price broke below, I quickly went short and took a few points before it headed upwards. As it breached, I went long but lost a few points as it headed down.
Then it became clear that it was going down so I sho
October 13, 2014
1 Comment Full Story
So this week was quite an adventure with Crude Oil. I had a long trade outstanding from last week. I had gone long at point 1 in the chart. You can see that, at the time, the price action was right at support (as designated by the blue line). If you believed that the uptrend was intact, as I did, you would have gone long. However, I was proved wrong as you can see and my stop got hit for -111. However, as it was a significant support/resistance line and it got broken, I felt that this was surely
July 12, 2014
1 Comment Full Story
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