Posts Tagged oil price

Sold Crude Oil going into Resistance – where I went wrong

Sold Crude Oil going into Resistance - where I went wrong

So that's the graph of my trade today where my trading didn't go to plan. Everything seems to be obvious in hindsight of course but looking at this chart, I really should have been more aware of what's going on. You can see where I sold at the double top.. I thought that this would have been a great trade and was looking to take it to 10100 or so. However, if you look at the price action before you see that the price has move outside of the previous resistance, in other words, it found st

January 10, 2012 2 Comments Full Story

Are my sums right? A share that is 83 times below it’s asset value?

Are my sums right? A share that is 83 times below it's asset value?

I don't usually buy shares as it's buy and hold and sometimes you have to wait ages for it to move. I also think that shares are driven by fundamentals and news driven.. you just don't know what a company may report! My personality suits daytrading (though I'm not a Greg Coffey or Gordon Gecko) in skill, only ambition! Anyway, about 2 months ago, I was looking at a share called Tower Resources and there was speculation that there were some large prospects there. I am not usually keen on

May 15, 2008 No Comments Full Story