Posts Tagged crude oil

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

So Close, Yet So Far – Trading Crude Oil

So Close, Yet So Far - Trading Crude Oil

The markets really moved a lot again today and I went long Crude Oil see a 1 hour pin bar off 9500. I got in at 9550 and had my stop at 9480 and was hoping to ride the market to around 9700. The below shows my entry... What was annoying is that I got stopped out so close to where the market turned for the higher. It was 9456 so a mere 24 points away... ugh! So I ended up taking a 60 point loss when it could have been a lovely 150 point winner! That's the frustration with the mark

November 9, 2011 1 Comment Full Story

Trading – Back to Basics

Trading - Back to Basics

There are many times in a traders career where he or she will get to a point where they realise that they are using all sorts of complex and elaborate systems to get in and out of trades only to find that nothing is working or that it takes too much time and effort to do all the analysis. Having too much knowledge and expertise is not necessarily a good thing in trading, one can get something called 'analysis paralysis' where you just confuse yourself with all the knowledge you have and end up d

November 7, 2011 No Comments Full Story

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