Posts Tagged trading blog
So this week was quite an adventure with Crude Oil. I had a long trade outstanding from last week. I had gone long at point 1 in the chart. You can see that, at the time, the price action was right at support (as designated by the blue line). If you believed that the uptrend was intact, as I did, you would have gone long. However, I was proved wrong as you can see and my stop got hit for -111. However, as it was a significant support/resistance line and it got broken, I felt that this was surely
July 12, 2014
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First of all, Happy New Year to you all! I wish you the very best in your trading for 2014 and beyond! The blog is now almost 7 years old.. can you believe it? Well, my trading has evolved leaps and bounds over the years and I think it's a thoroughly worthwhile pursuit despite the many years of frustration and losses at the start.
These days, I find that it difficult to always update the blog as I'm trading pretty much the same consistent way and although there is always learning to be had,
January 13, 2014
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I just went long on the USDCHF pair... if you click on the picture above, you can see it more clearly. The price has now hit a support line which was a strong base at the beginning of the year. The price had hit this year on a couple of occasions and it's worth a punt!
The negative aspects of the trade is that the price is looking a tad weak and we have gone long as the market is trending lower so we are indeed trading this as a countertrend play.
However, the risk is low.. 30 pips w
September 23, 2013
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