With oil price surging US$12 during this period, my proven indicator had moved very near to sell signal. So I decide to take profit at US136.50. Profit is US$12.92 x 100 = US$1292.
I'll update my readers when the next buy signal comes again.
If you are interested to trade super mini oil contract, click on the "Oil and Gold" advertisement located on the top right hand corner of my blog. Choose Standard account in account opening, Mini account can only be used for trading mini forex. Demo account is available.
5 comments:
Kooooooooooooooooooooool - this is unbelievable!!!!!
Ha, why is it unbelievable? The things that I had done is very rationale, step by step, risk-management in place.
First, I conduct a back-testing to find the best indicator.
Second, I wait for the indicator for buy signal before I buy.
Third, after I buy, I place a US$5 stop below
Fourth, whenever the oil price rises, I raised my stop level to secure my profit
Fifth, my indicator is now near to sell signal, so I took profit
Its a step by step process.
Have you start your trading using ForexYard platform?
I agree with your step by step approach but I never thought it would go up that quickly i.e. in 2 days.
I have opened the account with them and will upload the funds on 16 June and will trade when your indicator says, YES!!
All the best Brendan.
Enjoy your weekend!!
Applet, did you open the standard account or the mini account?
Please note that only standard account can be used to trade super mini oil. Mini account can only be used to trade mini forex.
Why don't you give me your email address? I will send an email to you straight away when there is a buy signal.
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