Posts Tagged Trading

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

Long Silver – price at bottom of trend channel

Long Silver - price at bottom of trend channel

  I'm showing the Weekly silver chart. Usually I look at the Daily charts but it's more clear on the Weekly charts this formation. The price action is actually bearish (so that's the big negative about this trade).. the trend channel is going down but I am expecting a move up to at least 3000. From here, I may take some profit as I'm expecting a move down once it reaches the either the top of the trend channel or before it. Remember, in trading, nothing is certain so we have to contr

March 11, 2013 No Comments Full Story

Caught on the Countertrend trading Oil

Caught on the Countertrend trading Oil

Unfortunately we suffered another loss trading oil last week - this time a countertrend trading Oil. We've not been having much luck lately :( The trend was down but you can see that there was some support which had formed around the 9200 mark. I had gone long Crude Oil at this point expecting a move up to 9400 and beyond. The market did move a little bit up from my trade the following day but the following day, it fell hard, our stop was hit and I was nursing a 100 point loss. Counter

March 3, 2013 No Comments Full Story

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