Posts Tagged Trading
This is what happened from trading crude oil. The trade was opened last week and the blog entry for it is here:
http://www.makemesomemoney.co.uk/days-of-negative-price-action-on-crude-oil/
This is another example of when holding out for larger moves doesn't work out and is therefore making it hard to justify this way of trading. This week, two trades were stopped out and both in loss when if I had followed my previous way of closing out trades I would have been in profit.
The chart is b
February 17, 2013
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The other trade which I had tweeted out last week was my long Crude Oil trade. Once again, you can see that there was a strong bullish pin bar showing that the buyers were in force. As a Daily chart trader, I entered my trade on the close of the pinbar (ie right at the top of it). The market over the next few days then sank and didn't look very well. In fact, the price action sank as soon as I went long and price dwindled pretty much at the base of the pin at the 9500 level. I pretty much lo
February 11, 2013
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Silver silver silver! So we have been holding onto our Silver trade for almost a week now and despite the bullish candlesticks, it failed to go where we wanted it to go... the price crashed below our stop and we were taken out of the market. Grr, we're not doing so well with our trading so far and it's frustrating.
A lot of people at this point abandon their trading strategy.. it's times like these where we need to focus and build on our work to date.. not throw it all away and start a
February 11, 2013
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