Posts Tagged trading oil

It’s Profit time – Trading Oil and Silver

It's Profit time - Trading Oil and Silver

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 2 Comments Full Story

Don’t Mix up your Trading Systems else this can happen!

Don't Mix up your Trading Systems else this can happen!

Today, I took a trade using my usual support/resistance techniques. I had seen that WTI Crude had some trouble around the 100 mark and also had penetrated the Daily Pivot and looked like it was to fall. This was a pure price action trade and I went short at 99.82. My initial target was 97.55 which is around 230 points. However, I've also been looking at another trading system lately which was sent to me by a friend of mine who I know has been doing very well. When I looked at the WTI Crude Oi

December 14, 2011 No Comments Full Story

Two small scalps for the day on the Financial Markets

Two small scalps for the day on the Financial Markets

The markets have been rather choppy where pullbacks have been quite large. I've been focusing on the 15 minute charts to grab a few pips here and there. Here is what I did today. My first trade was crude oil. I could see that a 'W' pattern had formed in the 15 minutes. I had talked about the W pattern before in previous posts on the blog.. you can read one here: http://www.makemesomemoney.co.uk/2011/09/01/the-w-pattern-in-oil-price/ It's basically the market finding support. I went

December 12, 2011 No Comments Full Story

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