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
