Archive for December, 2011
Hi everyone, I just wanted to send you all a New Year message. I hope 2011 was a good one for you both personally and professionally. For myself, it's been quite pivotal both in direction and where I am in my life.
Firstly, I decided to quit my full time job which I had been doing for many years and concentrate on the trading. The blog and trading certainly in the first few years was a small side hobby where I would fit in around my busy job. I would read the odd book, put on trades where I c
December 31, 2011
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I don't usually like to trade during the holiday period but I saw a nice set up today and with it being quiet, I thought to myself, what the heck....
I was looking at the silver 1 hour chart and as you can see, there's a nice downtrend in the 1 hour charts. Where I had entered too, the price had hit and bounced off the downtrend line and had also formed a double top. Traders call this confluence, when you get two or more confirmations in the technicals as I do here. I entered at 29.05 and my
December 27, 2011
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I've had an awful couple of days with trading as you know but that's the nature of trading.. I'm happy to say that I've covered those losses already and back on the positive path... :)
First trade was taken last night, this was a buy on silver.. I saw that the price action had bounced nicely off a support line and just went long. I had a target of 29.73 which was hit the following morning for 34 pips. People think that trading should be complex but it doesn't have to be.. just look for patt
December 21, 2011
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