More Articles

Stopped out on the Silver Trade

Stopped out on the Silver Trade

Silver silver silver! So we have been holding onto our Silver trade for almost a week now and despite the bullish candlesticks, it failed to go where we wanted it to go...   the price crashed below our stop and we were taken out of the market. Grr, we're not doing so well with our trading so far and it's frustrating. A lot of people at this point abandon their trading strategy.. it's times like these where we need to focus and build on our work to date.. not throw it all away and start a

February 11, 2013 No Comments Full Story

Bullish Pinbars on Silver chart but Price not following!

Bullish Pinbars on Silver chart but Price not following!

On the 4th of February we saw our first bullish pinbar and I went long at this point. I knew that there was some resistance at 3220 but the underlying trend looked bullish. The next day the price did go up around 30 points and then again, we got another bullish pin (two pinbars, surely a very positive sign) off the moving average. At this point I was expecting a huge move up but the following day we got a strong sell day. My trade is still in and my stop is at 3115. I really don't know where

February 10, 2013 No Comments Full Story

AUDUSD – Got caught by the Stop Hunters

AUDUSD - Got caught by the Stop Hunters

  This is what Friday's trade looked like. You can see that a support was formed at around 10400 and I went long after the second bounce of the support level. Although the price action was still in a downtrend, I felt that we had a good chance of a good move up from this level and hence the long trade. However, I got stopped out as the price action pushed down below support taking out the stop and then finished above the stop again. This to me looks like a push to trigger the stops b

February 3, 2013 No Comments Full Story

« Older Entries   Newer Entries »