Posts Tagged Trading

Daytrade on Gold for a handsome profit!

Daytrade on Gold for a handsome profit!

I was finding that I was missing out on Monday’s movements if I had only looked at the markets from Monday morning. Sunday evening isn’t a good time to base trading signals on due to low volatility. Anyway, today, I got up earlier than usual and looked at the markets before the European open. I decided to take a short on Gold as it was in a downtrend and the recent pullback up looked as though it had run out of steam.  You can see that there is a resistance level where the market had

March 25, 2013 2 Comments Full Story

Crude Oil takes out my stop and then Rallies

Crude Oil takes out my stop and then Rallies

I got a good entry into Crude Oil last week. I was long pretty much at the bottom of the green candle after the large move down. I had my stop at below the large red candle at 9230. During the day, the price action rallied and I was 60+ points up and the trade was looking good. However, the following morning the price action  fell and hit my stop and then bounced strongly upwards. This is really unlucky and I think the entry was a good one. However, these things happen when trading an

March 24, 2013 No Comments Full Story

Some Trading Psychology thoughts from last week

Some Trading Psychology thoughts from last week

Last week we made two trades. The first one we took 120 points on the Crude Oil long and the second trade Long Silver. Because of the profits from the Crude Oil trade, I felt comfortable giving the silver trade more room for a chance of a greater move. Unfortunately, the trade ended up as a scratch trade (even though it was in profit at one stage). I found that by having a profit already in the bag, it gives you the buffer to be able to give following trades a bit more room. Even  a smal

March 20, 2013 No Comments Full Story

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