Posts Tagged trading oil

The whirlwind of emotions of holding the Crude Oil Long entry

The whirlwind of emotions of holding the Crude Oil Long entry

I finally closed my Crude Oil long today and made a nice 120+ points.... a good trade but it was also a fascinating experience for me with regards to my trading emotions. I mentioned that it was a premature entry which I had made on the 25th October - exactly a week ago. I was overconfident due to a pretty good week trading and put on my crude oil long at 8600. I hadn't waited for a confirmation for my entry so psychologically wise, I wasn't best pleased with myself. However, I had committed

November 1, 2012 2 Comments Full Story

Overconfidence and Trading

Overconfidence and Trading

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 1 Comment Full Story

Pinbar Trading – Crude Oil – 300 Points jump!

Pinbar Trading - Crude Oil - 300 Points jump!

I would have been wary of this trade personally as the market has been trending downwards for a while but trends do reverse. I do like pin bars as they show strong buyers or sellers. In our case you can see that there were buyers present forming the pin bar in the daily chart. If you were to trade this you could take the long at the break of the nose of the pinbar..  so far the price has moved a nice 300 points... big moves like this probably mean a pullback at some stage so one would have t

October 9, 2012 No Comments Full Story

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