Charts, Commodities
Trade 2 - Short Brent Spot - Stopped
My short position on the spot Brent was stopped out for -71 pips (at the high tick of the day), after being in profit more then 200 pips around the close yesterday.
On my main trading account I wouldn't have let a profit turn into a loss, but with this small portfolio I am aiming for the home run and am thus willing to give the trades lot's of space.
FYI: I'm already getting ready to try it again
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Trade 2 - Short Brent Spot
Earlier today I sold a spot brent oil CFD for my new swing trading portfolio, when price reached the upper line of this large triangle.
Note that I moved my stop to break-even quite quickly as the oil numbers that are to be released later today might cause a spike above the triangle.
Silver (SI) Intraday July 13, 2010
Gold (GC) Daily July 07, 2010
The daily chart of the continuous Gold future shows that the swing short I took a bit more than a week ago is doing well, and that price is fast approaching the lower line of this large green channel
Crude Oil (CL) Daily July 02, 2010
In my previous update I said that "any spike on Monday should provide a nice entry for a new swing short.". Well, price spiked about half a dollar to provide a nice entry, and then dropped 10% in a few days. I hope some of you got in, either directly on Monday or later when the wedge was backtested.
Silver (SI) Daily June 27, 2010
Gold (GC) Weekly June 27, 2010
The weekly chart of the continuous Gold future shows a hanging man near the upper line of this huge red pitchfork. Together with the clear negative divergence on some popular indicators, this recent rally could provide a nice swing short entry (with stops above 1310).
Crude Oil (CL) Weekly June 27, 2010
The 4 hour chart of the continuous Crude Oil future shows a hanging man that backtests the previously broken uptrend line, confirming the daily short signal I posted on Friday
Crude Oil (CL) Daily June 25, 2010
The 4 hour chart of the continuous Crude Oil future shows that any spike on Monday should provide a nice entry for a new swing short.
