Posts Tagged going long crude oil

So Close, Yet So Far – Trading Crude Oil

So Close, Yet So Far - Trading Crude Oil

The markets really moved a lot again today and I went long Crude Oil see a 1 hour pin bar off 9500. I got in at 9550 and had my stop at 9480 and was hoping to ride the market to around 9700. The below shows my entry... What was annoying is that I got stopped out so close to where the market turned for the higher. It was 9456 so a mere 24 points away... ugh! So I ended up taking a 60 point loss when it could have been a lovely 150 point winner! That's the frustration with the mark

November 9, 2011 1 Comment Full Story