Posts Tagged oil
Last week we made two trades.
The first one we took 120 points on the Crude Oil long and the second trade Long Silver. Because of the profits from the Crude Oil trade, I felt comfortable giving the silver trade more room for a chance of a greater move. Unfortunately, the trade ended up as a scratch trade (even though it was in profit at one stage). I found that by having a profit already in the bag, it gives you the buffer to be able to give following trades a bit more room. Even a smal
March 20, 2013
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Pinbars show signs of strong buying or selling and they are great indicators to enter a market. The safest time to use them as trading signals is with the trend and when the market is experiencing a pullback. An entry with your stop at the bottom of the pin should do it.. then just ride it as far as you can.
There were quite a few opportunities this week and one of my weaknesses in trading is that I am unable to have more than a couple of open trades. As a result this week, I missed a couple
October 19, 2012
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I would have been wary of this trade personally as the market has been trending downwards for a while but trends do reverse. I do like pin bars as they show strong buyers or sellers. In our case you can see that there were buyers present forming the pin bar in the daily chart.
If you were to trade this you could take the long at the break of the nose of the pinbar.. so far the price has moved a nice 300 points... big moves like this probably mean a pullback at some stage so one would have t
October 9, 2012
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