Posts Tagged spreadbet

Nice Gold trade today

Nice Gold trade today

I took a nice Gold trade today. You can see that Gold in the medium term seemed to be heading lower and the retracement found strong resistance around the 1711 level causing a pin bar sell off. I placed an order to sell on the break of the pin bar targeting previous lows around 1696 which is 5 points. This trade hit nicely and all within around 20 minutes!

March 5, 2012 No Comments Full Story

Trading off Support? – Silver

Trading off Support? - Silver

I've not been about for a few weeks.. there are times as a trader when you need a break to research, read and practice. I believe that's it's important to always be learning when you're trading the markets as you can get clutter which can be a result of significant emotional feelings when trading.. ie when winning a lot, when losing a lot or even if you don't win or lose but feeling that you're not making progress. It's important to take time out and reflect. Me personally, I've been having quit

February 13, 2012 No Comments Full Story

Silver breaks Resistance line shows Sign of Strength – Trading Journal

Silver breaks Resistance line shows Sign of Strength - Trading Journal

Yesterday, I went long Silver at 2994 after the price retraced after breaking a resistance line. You can see that the price had popped up past this line and found resistance at the 3000 price area. You always find that there is resistance around whole number values. When the price fell from 3000 and then rallied, I saw the opportunity to go long.. I didn't wait for the price to break 3000 as I saw quite a lot of strength in the price action. However, as you can see the price did stall for a b

January 17, 2012 No Comments Full Story

« Older Entries   Newer Entries »