Posts Tagged crude oil
I got excited about trading off the lower timeframes and proceeded to trade off the 15 minutes. This timeframe looks ideal so me to get in and out of trades. Although I've been looking at higher timeframes (1 hour and daily charts), I really fancied having a go at trading the 15 mins.. I can get in and out quickly and not have to worry about waiting for profits to materialise.
The drawback about the small timeframes of course is that there is just more noise. However, my trade today was below
February 28, 2012
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Crude Oil had bounced off the 10000 level for the third time and I sensed that this could be a big move shorting it with a target of 200 points so so. I shorted as the price action recoiled from the 10000 market, made a little bounce and continue south.
However, the market didn't play ball today and took out my stop at 10020 for a 70 point loss. The immediate spike down shows that there is strong resistance and one could be tempted to short it again but the following 1 hour bar shows stro
February 13, 2012
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The markets have been very difficult to read lately so I've not been able to trade as much as I would have liked.. if I'm not sure or just feel that I'm not in sync with the markets, I rather be out.
Anyway, I saw a nice set up today. The Crude Oil markets were in an uptrend when the price fell and pulled back. My thinking was that the pullback was going to be shortlived as the price would continue to fall after this. The top as you can see in the below chart was many things.. it was where
January 13, 2012
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