More Articles

The Dilemma of Trading Exits – I left behind Huge Profits today!

The Dilemma of Trading Exits - I left behind Huge Profits today!

Something which is really bothering me at the moment is the dilemma of trading exits...  this has been something which I've been trying to work on for a long time but I can't seem to get it right. I know that there is no right or wrong but I am currently toying around with two exit strategies and not being consistent with my approach. As a result, the dilemma of trading exits has become really frustrating and I'm afraid that if I don't get it sorted out, my trading isn't going to reach the next

March 7, 2013 4 Comments Full Story

Caught on the Countertrend trading Oil

Caught on the Countertrend trading Oil

Unfortunately we suffered another loss trading oil last week - this time a countertrend trading Oil. We've not been having much luck lately :( The trend was down but you can see that there was some support which had formed around the 9200 mark. I had gone long Crude Oil at this point expecting a move up to 9400 and beyond. The market did move a little bit up from my trade the following day but the following day, it fell hard, our stop was hit and I was nursing a 100 point loss. Counter

March 3, 2013 No Comments Full Story

The Dow countertrend play

The Dow countertrend play

I played the Dow countertrend yesterday, the Dow had fallen heavily and I took this to be the start of the downtrend after weeks of bullish movement. I was expected to see a pullback from the bullish movement of the DOW and this was my signal for it. After the huge move down, there was an initial move up and this was what I took to be the pullback before lower prices. Unfortunately, I was wrong this time.. the DOW powered ahead.. it's shot up around 200 points and have broken the previous high!

February 27, 2013 No Comments Full Story

« Older Entries   Newer Entries »