Posts Tagged long oil

Why I’m Long Crude Oil

Why I'm Long Crude Oil

I'm making some changes on the blog...  I'll post live updates on my Twitter feed, for those who would like to follow, the address is http://www.twitter.com/makemoneyalan and then I'll post afterthoughts on the blog to talk about why I entered the trade and analysis. So for those that did follow my Twitter account, you would have read that I went long on the Crude Oil (January) contract at a price of 8769 on the 21st November, taking my entry from the Daily chart which looks like this:

November 24, 2012 No Comments Full Story

The whirlwind of emotions of holding the Crude Oil Long entry

The whirlwind of emotions of holding the Crude Oil Long entry

I finally closed my Crude Oil long today and made a nice 120+ points.... a good trade but it was also a fascinating experience for me with regards to my trading emotions. I mentioned that it was a premature entry which I had made on the 25th October - exactly a week ago. I was overconfident due to a pretty good week trading and put on my crude oil long at 8600. I hadn't waited for a confirmation for my entry so psychologically wise, I wasn't best pleased with myself. However, I had committed

November 1, 2012 2 Comments Full Story

Pinbar and a Higher High on Crude Oil – A Long Play?

Pinbar and a Higher High on Crude Oil - A Long Play?

I'd thought I'd bring the above chart to your attention. It is the Crude Oil in the Daily timeframe. I'm wondering if it's poised to move upwards. My thinking is that there is a pinbar..  a fairly strong one too where the close of the bar is right at the highs of it showing strength. Also, the low is a higher low than previously which is the possible start of an uptrend. The market has been in a long decline and is severely oversold. However, saying all this, we must also bear caution as

June 8, 2012 No Comments Full Story

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