Posts Tagged daytrading
There was a huge move on Gold which we were expecting... it's just a shame that we were on the wrong side of the market.
From the chart above you can see the price action. It was actually the 27th April when I had entered the market on the pinbar as highlighted. You can see the support line had rejected price quite strongly each time it hit this so I had my entry.
I did know that the overall price direction was bearish but I was thinking that the market had been heading low
April 2, 2013
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I was finding that I was missing out on Monday’s movements if I had only looked at the markets from Monday morning. Sunday evening isn’t a good time to base trading signals on due to low volatility. Anyway, today, I got up earlier than usual and looked at the markets before the European open.
I decided to take a short on Gold as it was in a downtrend and the recent pullback up looked as though it had run out of steam. You can see that there is a resistance level where the market had
March 25, 2013
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I got a good entry into Crude Oil last week. I was long pretty much at the bottom of the green candle after the large move down. I had my stop at below the large red candle at 9230.
During the day, the price action rallied and I was 60+ points up and the trade was looking good. However, the following morning the price action fell and hit my stop and then bounced strongly upwards.
This is really unlucky and I think the entry was a good one. However, these things happen when trading an
March 24, 2013
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