Archive for the Trading Category
Crude Oil had bounced off the 10000 level for the third time and I sensed that this could be a big move shorting it with a target of 200 points so so. I shorted as the price action recoiled from the 10000 market, made a little bounce and continue south.
However, the market didn't play ball today and took out my stop at 10020 for a 70 point loss. The immediate spike down shows that there is strong resistance and one could be tempted to short it again but the following 1 hour bar shows stro
February 13, 2012
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I've not been about for a few weeks.. there are times as a trader when you need a break to research, read and practice. I believe that's it's important to always be learning when you're trading the markets as you can get clutter which can be a result of significant emotional feelings when trading.. ie when winning a lot, when losing a lot or even if you don't win or lose but feeling that you're not making progress. It's important to take time out and reflect. Me personally, I've been having quit
February 13, 2012
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Trading crude oil has often been seen as an activity limited to City traders. This is a common misconception, however, and it is possible for ordinary investors to trade crude oil through the futures markets. Here, we will look at how to get started trading oil.
Warning: Oil trading is a highly spectulative form of investment and you should be aware of the risks it carries. Never invest more than you can afford to lose, and consult a professional if you are unsure of any aspect.
What are F
January 26, 2012
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