Posts Tagged crude oil
So that's the graph of my trade today where my trading didn't go to plan. Everything seems to be obvious in hindsight of course but looking at this chart, I really should have been more aware of what's going on.
You can see where I sold at the double top.. I thought that this would have been a great trade and was looking to take it to 10100 or so. However, if you look at the price action before you see that the price has move outside of the previous resistance, in other words, it found st
January 10, 2012
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Today was a bit of a disappointment in terms of trading for me today.. not because I lost, I actually am a little up today but because of my trade management. I had got in 3 wonderful trades today but I failed to capitalise on all of them which was mightily annoying but gives me a lot of food for thought in improving my trading going into 2012.
Learning to trade has taken me ages and it's great to be finally profitable but it could be so much better if I could manage the trades accordingly.
January 6, 2012
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Today, I took a trade using my usual support/resistance techniques. I had seen that WTI Crude had some trouble around the 100 mark and also had penetrated the Daily Pivot and looked like it was to fall. This was a pure price action trade and I went short at 99.82. My initial target was 97.55 which is around 230 points.
However, I've also been looking at another trading system lately which was sent to me by a friend of mine who I know has been doing very well. When I looked at the WTI Crude Oi
December 14, 2011
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