Posts Tagged trading crude oil
So that's the graph of my trade today where my trading didn't go to plan. Everything seems to be obvious in hindsight of course but looking at this chart, I really should have been more aware of what's going on.
You can see where I sold at the double top.. I thought that this would have been a great trade and was looking to take it to 10100 or so. However, if you look at the price action before you see that the price has move outside of the previous resistance, in other words, it found st
January 10, 2012
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I've had an awful couple of days with trading as you know but that's the nature of trading.. I'm happy to say that I've covered those losses already and back on the positive path... :)
First trade was taken last night, this was a buy on silver.. I saw that the price action had bounced nicely off a support line and just went long. I had a target of 29.73 which was hit the following morning for 34 pips. People think that trading should be complex but it doesn't have to be.. just look for patt
December 21, 2011
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The markets really moved a lot again today and I went long Crude Oil see a 1 hour pin bar off 9500. I got in at 9550 and had my stop at 9480 and was hoping to ride the market to around 9700.
The below shows my entry...
What was annoying is that I got stopped out so close to where the market turned for the higher. It was 9456 so a mere 24 points away... ugh!
So I ended up taking a 60 point loss when it could have been a lovely 150 point winner!
That's the frustration with the mark
November 9, 2011
1 Comment Full Story
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