Archive for the Oil Category
Here's the daily chart of Crude Oil.. I actually saw the opportunity to trade it but didn't get a chance to enter until the following morning. The entry I was looking for was 8600 and I got it. From the Daily chart, you don't really see why I entered, the only clue here is that you can see the the price action seems to have stopped moving down and has just floated between 8500 and 8600 for a good few weeks.
Anyway, if you look at the 2 hour charts, this is what you see:
You can see
November 16, 2012
2 Comments Full Story
I finally closed my Crude Oil long today and made a nice 120+ points.... a good trade but it was also a fascinating experience for me with regards to my trading emotions.
I mentioned that it was a premature entry which I had made on the 25th October - exactly a week ago. I was overconfident due to a pretty good week trading and put on my crude oil long at 8600. I hadn't waited for a confirmation for my entry so psychologically wise, I wasn't best pleased with myself. However, I had committed
November 1, 2012
2 Comments Full Story
I've had a really good week trading the markets... just under 300 points in profit in total through being extremely disciplined and selective with my trading. I find that there are so many personal caveats that we have to work on for ourselves to improve on our trading. The markets cause havoc with our emotional states and it's easy to swing from elation to desperation to frustration all in a few minutes! Being too far into any particular emotional state is disruptive to your trading and overcon
October 26, 2012
1 Comment Full Story
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