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Another Short Term Scalp – Crude Oil

Another Short Term Scalp - Crude Oil

    Obviously not content with my paltry 6 pips from my EURUSD scalp, I thought I'd try my luck with a more volatile beast, the Crude Oil futures. The trade was a very simple on and off support at 9865. You can't see it from the 5 minute chart but the support line was actually last weeks highest point. I expected a bounce from here so took the long trade and got out with 39 points. The market soon collapse after this and if I had taken a short, I would have been laughing.. as

November 28, 2011 No Comments Full Story

A short term trade on EURUSD – bollinger bands, stochastics and break of support

A short term trade on EURUSD - bollinger bands, stochastics and break of support

I don't usually trade off the 5 minute charts but sometimes you fancy doing some scalping when you're at a loose end. Most of my trading focuses on the 1 hour or the daily charts.. with these, you don't need to be at the screen so much and I've found that you don't worry so much about the 'noise' in the market. Anyway, here is a trade which I took from the 5 minute charts for a paltry 6 pips (I got out as the price action looked as though it wanted to go up and also the stochastics were indic

November 28, 2011 No Comments Full Story

100 points on Silver today but left quite a bit on the table

100 points on Silver today but left quite a bit on the table

Today was a straight forward trade.. I put an order to short Silver 10 points below the previous support as you can see below and put a 100 point limit on it. It worked like a treat and I got my 100 points relatively easily but the market continued without me. As I write, Silver is at 31.44 meaning that I left more than 50 points on the table. I do find it very difficult to know where best to take profits.. I've done the take 100 points in the past to find it ends up like today, it moves f

November 17, 2011 No Comments Full Story

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