Archive for the Trading Category
So yesterday, I had saw that the market was moving higher and just shot up aggressively. When markets move up strongly, I personally feel it's too late to join the rally and I would wait for a pullback where I would enter my trade before, hopefully, prices headed higher.
So this is what I saw yesterday which prompted my long entry at 12736
I saw the price action had move up and hit resistance at 12800 before falling away, this was the pullback before a potential move higher. I then wai
January 18, 2012
1 Comment Full Story
Yesterday, I went long Silver at 2994 after the price retraced after breaking a resistance line. You can see that the price had popped up past this line and found resistance at the 3000 price area. You always find that there is resistance around whole number values.
When the price fell from 3000 and then rallied, I saw the opportunity to go long.. I didn't wait for the price to break 3000 as I saw quite a lot of strength in the price action. However, as you can see the price did stall for a b
January 17, 2012
No Comments Full Story
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
No Comments Full Story
« Older Entries
Newer Entries »
