Posts Tagged daytrading

Pinbar entry on AUDUSD nets 50 pips

Pinbar entry on AUDUSD nets 50 pips

So when the markets opened last night, I saw that there was a bullish pin bar. It was very apparently and had a very long tail which signifies strong buying. I tend to trade with the trend using the moving average line to ensure that I only go long when the price action is above the line and short when the price action below. However, when you get such a strong signal I couldn't just leave it. So I was rewarded this morning it started going up...  my initial trade was long at 10354 with

November 19, 2012 1 Comment Full Story

To Finish off the week, +100 on Crude Oil

To Finish off the week, +100 on Crude Oil

Here's the daily chart of Crude Oil.. I actually saw the opportunity to trade it but didn't get a chance to enter until the following morning. The entry I was looking for was 8600 and I got it. From the Daily chart, you don't really see why I entered, the only clue here is that you can see the the price action seems to have stopped moving down and has just floated between 8500 and 8600 for a good few weeks. Anyway, if you look at the 2 hour charts, this is what you see: You can see

November 16, 2012 2 Comments Full Story

Silver Trade – Good time to get out I think

Silver Trade - Good time to get out I think

I entered long silver last night. From the chart, it looked like the price action was retracing before a further move upwards. Something which has been bothering me lately are my exits so I think I am going to open two trades and close one when my usual signals tell me to and then try and hold the other trade for bigger gains. So I was long silver twice at 3243 with a stop at 3194. When I woke up in the morning, the price had bottomed at 3220 and I thought it would then move up. It starte

November 13, 2012 1 Comment Full Story

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