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Pinbar Trading – Crude Oil – 300 Points jump!

Pinbar Trading - Crude Oil - 300 Points jump!

I would have been wary of this trade personally as the market has been trending downwards for a while but trends do reverse. I do like pin bars as they show strong buyers or sellers. In our case you can see that there were buyers present forming the pin bar in the daily chart. If you were to trade this you could take the long at the break of the nose of the pinbar..  so far the price has moved a nice 300 points... big moves like this probably mean a pullback at some stage so one would have t

October 9, 2012 No Comments Full Story

Crude Oil falls 400 points

Crude Oil falls 400 points

My post regarding Crude Oil a few days back showed that the market actually was consolidating, make a false break higher to lock in the longs and then came crashing down almost 400 points... Crude Oil actually lost around 4% of it's value in one day. I am a bit miffed to be honest.. I had thought that we were going to see prices move lower last week when the price fell below the support line around 9100... it dipped just below 9000 before rallying in total around 300 points. At this time,

October 3, 2012 1 Comment Full Story

Day One Trader by John Sussex Book Review

Day One Trader by John Sussex Book Review

Day One Trader by John Sussex is the story of one guys story about the Liffe exchange, the characters and then the demise of the open outcry system it all as advancements in technology made it obsolete. It’s a great story and an important part of the financial history in the City of London starting with the opening of the Liffe (London International Financial Futures Exchange) and the open outcry system modelled on the US stock exchanges. The story takes us through the ages as John  learn

September 28, 2012 No Comments Full Story

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