Posts Tagged trading crude
I've had a really good week trading the markets... just under 300 points in profit in total through being extremely disciplined and selective with my trading. I find that there are so many personal caveats that we have to work on for ourselves to improve on our trading. The markets cause havoc with our emotional states and it's easy to swing from elation to desperation to frustration all in a few minutes! Being too far into any particular emotional state is disruptive to your trading and overcon
October 26, 2012
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We were sitting pretty with the breakout of the crude oil trade if you took the trade.. it would have been over 200 points in profit if you had traded it. I had mentioned that if price has moved above the support/resistance line, you should be wary of it's ability to go lower. Today, the market rallied and from the bottom to where it is now, it jumped 300 points. Obviously for anyone who is still holding this trade, it's a tough one as no one never likes to see a huge profit become a loss...
September 27, 2012
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Below is a picture of the Crude Oil price chart... ok, at this level it doesn't look that interesting...
But if you zoom in a bit more...
This is what I am seeing.
The price made a high at A but fell rather strongly.. it even fell through the support line shown where it found support a bit lower down. However, confirmation of the support line which becomes resistance via the pin bar shows that sellers are now present here driving the price down. The price is right on support but
September 25, 2012
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