Obviously not content with my paltry 6 pips from my EURUSD scalp, I thought I'd try my luck with a more volatile beast, the Crude Oil futures. The trade was a very simple on and off support at 9865. You can't see it from the 5 minute chart but the support line was actually last weeks highest point. I expected a bounce from here so took the long trade and got out with 39 points.
The market soon collapse after this and if I had taken a short, I would have been laughing.. as
November 28, 2011
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I don't usually trade off the 5 minute charts but sometimes you fancy doing some scalping when you're at a loose end. Most of my trading focuses on the 1 hour or the daily charts.. with these, you don't need to be at the screen so much and I've found that you don't worry so much about the 'noise' in the market.
Anyway, here is a trade which I took from the 5 minute charts for a paltry 6 pips (I got out as the price action looked as though it wanted to go up and also the stochastics were indic
November 28, 2011
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