Advertisement
"Just Oil"
Membro Desde Jan 14, 2010
2279 posts
Jul 29, 2011 at 13:38
caught this one. unfortunately on demo only. It's a good thing to trade just one thing. tend to know it better. still pity it is only demo. 120 pips today and made 15% this month. again pity it is only demo, but I am way more careful on live and do not trade Fridays.
Uploaded with ImageShack.us
Uploaded with ImageShack.us
Membro Desde Jan 14, 2010
541 posts
Jul 29, 2011 at 14:12
How did you trade that? Simply based on support and resistance levels?
Membro Desde Jan 14, 2010
2279 posts
Jul 29, 2011 at 15:08
support/ resistance, trend lines, pivot point and S1, momentum, overall picture and gut feeling. My working chart looks like spider web. Overall mood was bearish.
Membro Desde Jan 14, 2010
2279 posts
Jul 29, 2011 at 15:12
I closed all everything at 95.50. it dropped more though. target was this congestion from previous few days ago. it actually hold. dowspike towards 95.00. I actually targeted it but decided to closed at 99.50. I believe move toward 95.00 was just stop hunting I believe now price is back above 96.00. so, the level hold.
Membro Desde Jan 14, 2010
2279 posts
Aug 01, 2011 at 13:08
Missed first long entry at 96.85 as was thinking too much of whether to buy right away or wait for break and then retracement. It shot 60 pips in no time. tried to enter then with limit order on 97.50, it run so I bought aggressively and closed within few seconds for 30 pips. will be waiting.
Membro Desde Jan 14, 2010
2279 posts
Aug 01, 2011 at 13:10
I think I closed too early. let's see.
Membro Desde Jan 14, 2010
2279 posts
Aug 01, 2011 at 14:02
dropped more than 100 pips especially last 80 llike a stone. gotta be careful.
Membro Desde Jan 14, 2010
2279 posts
Aug 01, 2011 at 14:41
lost long trade when got trigger to go long then went short. Pity. it dropped 100 pips I picked around 35.
0.5% up. will call it a day especially as we are having holiday here.
0.5% up. will call it a day especially as we are having holiday here.
Membro Desde Jan 14, 2010
2279 posts
Aug 01, 2011 at 14:58
Unbelievable! it's going to Friday's low now. Hard to step away form PC when see such volatility. Wife however pushing me away , LOL. I will not trade today anymore but it's kind of upsetting that I had good entry and did not pick as much, but in truth considering how everything was moving it was hard to let it run as trade could turn against me in no time. Friday's price action was on the other hand very predictable which let me stay in trade and pick more pips.
It generally dropped 160-170 pips from my entry.
It generally dropped 160-170 pips from my entry.
Membro Desde Jul 24, 2011
23 posts
Aug 02, 2011 at 07:42
What gives you confidence to trade Oil ? Why not Gold ? I was just wondering ?
Membro Desde Jan 14, 2010
2279 posts
Aug 02, 2011 at 11:17
Gold is too expensive to trade with no substantial capital and I always wanted to trade oil. Oil is the most important thing that we have and is a foundation of current civilization. Gold is just a shiny object.
Confidence comes from more than 5 months of trading oil only.
Confidence comes from more than 5 months of trading oil only.
Membro Desde Jan 14, 2010
2279 posts
Aug 02, 2011 at 18:19
Today was hard day. Had DD but traded back and added 0.25% but made many mistakes in the beginning. Thankfully controlled myself waited for right moment and made a couple of good trades to trade DD back and move account to new high. Will be more careful and since now on will be watching more at 15 min than 5 min.
Membro Desde Jan 14, 2010
2279 posts
Aug 02, 2011 at 18:20
managed to catch 100 pips move which helped me to trade DD back. I have many similar trades but do not pick even half of the moves. Gotta concentrate on this plus patience.
Membro Desde Jan 14, 2010
2279 posts
Aug 02, 2011 at 18:21
missed long entry while typing this.
Membro Desde Jan 14, 2010
2279 posts
Aug 02, 2011 at 23:52
It looks like 15 min trigger though sometimes being later than on 5 min but increases chances of successful trade. In certain situation 5 min also might be used but most of the time trading from 15 min just reduces number of misfires.
Membro Desde Jul 24, 2011
23 posts
Aug 03, 2011 at 13:03
Hello
I would appreciate a good deed. It appears he has removed himself from the contest before August 8, 2011.
Perhaps you could look and post on that thread. Thanks !!!
I would appreciate a good deed. It appears he has removed himself from the contest before August 8, 2011.
Perhaps you could look and post on that thread. Thanks !!!
Membro Desde Jan 14, 2010
2279 posts
Aug 03, 2011 at 13:39
Oh crap, wanted to add to my short position instead closed trade. messed me. gotta be careful.
Membro Desde Jan 14, 2010
2279 posts
Aug 03, 2011 at 13:39
scalped that money back plus some.
Membro Desde Jan 14, 2010
2279 posts
Aug 03, 2011 at 13:41
I took long but closed at BE. came too late to PC to open trade with smaller stop. it moved already too far, so, I decided if no momentum taking me quick up i would close if it returned to my open price which it did.
