Posts Tagged trading oil
Crude Oil had bounced off the 10000 level for the third time and I sensed that this could be a big move shorting it with a target of 200 points so so. I shorted as the price action recoiled from the 10000 market, made a little bounce and continue south.
However, the market didn't play ball today and took out my stop at 10020 for a 70 point loss. The immediate spike down shows that there is strong resistance and one could be tempted to short it again but the following 1 hour bar shows stro
February 13, 2012
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Trading crude oil has often been seen as an activity limited to City traders. This is a common misconception, however, and it is possible for ordinary investors to trade crude oil through the futures markets. Here, we will look at how to get started trading oil.
Warning: Oil trading is a highly spectulative form of investment and you should be aware of the risks it carries. Never invest more than you can afford to lose, and consult a professional if you are unsure of any aspect.
What are F
January 26, 2012
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Today was a bit of a disappointment in terms of trading for me today.. not because I lost, I actually am a little up today but because of my trade management. I had got in 3 wonderful trades today but I failed to capitalise on all of them which was mightily annoying but gives me a lot of food for thought in improving my trading going into 2012.
Learning to trade has taken me ages and it's great to be finally profitable but it could be so much better if I could manage the trades accordingly.
January 6, 2012
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