Posts Tagged supertrend indicator

Don’t Mix up your Trading Systems else this can happen!

Don't Mix up your Trading Systems else this can happen!

Today, I took a trade using my usual support/resistance techniques. I had seen that WTI Crude had some trouble around the 100 mark and also had penetrated the Daily Pivot and looked like it was to fall. This was a pure price action trade and I went short at 99.82. My initial target was 97.55 which is around 230 points. However, I've also been looking at another trading system lately which was sent to me by a friend of mine who I know has been doing very well. When I looked at the WTI Crude Oi

December 14, 2011 No Comments Full Story

Yes, the Dow was a good shorting opportunity…

Yes, the Dow was a good shorting opportunity...

The short entry was a good one.. however, in light of the strong uptrend I wanted to get out as soon as it hit any resistance and I got out at the round number 11600. The stochastics were also way into oversold territory so I got out and grabbed a measly 10 points. The market however, fell further and is currently at 11583... trust my luck!! The hardest thing I think about trading is knowing when to get out..  I think it's much more difficult than entering. The other day, I gave up over 1

August 22, 2008 No Comments Full Story