Posts Tagged shorting crude

Watching for signs of weakness – Trade Crude Oil

Watching for signs of weakness - Trade Crude Oil

As I progress with my trading, I'm finding myself more picky with the trades that I trade. I also like to take the trades off the longer timeframe charts as they are less stressful (though I use the shorter timeframe to enter). Anyway, have a look at Crude Oil today... I post the 1 hour chart below: What was interesting to me from this chart prior to the fall (as you see in the price bar one previous to the current price bar) is that the price had lingered around 10700. Big round numbe

March 13, 2012 No Comments Full Story

Crude Oil – Market takes out my Stop and now looks to continue

Crude Oil - Market takes out my Stop and now looks to continue

The markets have been very difficult to read lately so I've not been able to trade as much as I would have liked..  if I'm not sure or just feel that I'm not in sync with the markets, I rather be out. Anyway, I saw a nice set up today. The Crude Oil markets were in an uptrend when the price fell and pulled back. My thinking was that the pullback was going to be shortlived as the price would continue to fall after this. The top as you can see in the below chart was many things.. it was where

January 13, 2012 No Comments Full Story