5% - 10% profit per day trading

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Quote from lemeeeplay:

Dude, I've been up all night, drinking some scotch (Ardbeg :D ) and checking the markets and have noticed the same thing. The volume over the past week has been dead. Not just oil, but all markets. Go look at the ES volume. Terrible!
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I looked but for the christmas week and even on boxing day there was still some movements of a few dollars...

But today its just completely dead! :(



Im currently starting to read dante's thread on t2w instead.. :)


P.S IS is just my browser, or when yu google 'elilte trader' is this journal (our journal), in 1 of those sublinks in the search results??! :eek: :)
 
Quote from lemeeeplay:

btw, i was just reading about fading:
http://blog.afraidtotrade.com/fade-the-gap-make-millions/

I think I want to try this on Oil one of these days.
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Im also considering selling the 2year or 10year bond!! :cool:


I dont understand what the market actually is or how it works, and wkipedia ma eit sound confusing...,
but i know that its basically something that rockets up when there economic fear.

And so now when i look on the monthly n yearly charts and its gone from 5% / 6% - 2% nowin just a few months.


And the steepness that its fallen should mean bouncy time! :D
 
trust me, I know what you mean. I used to trade the ZB and still watch it closely, though i am scared of shorting it right now. Thats like getting in front of a train :eek:


You should read this article:

http://www.financialweek.com/apps/pbcs.dll/article?AID=/20081226/REG/812229993/1036

John Kemp: ONE LAST SUPER-BUBBLE

Now the Fed’s decision to cut interest rates to between zero and 0.25%, coupled with a promise to keep them there for an extended period, and the threat to conduct even more unconventional operations in the longer-dated Treasury market risks the biggest bubble of all, this time in U.S. government debt.
 
Just posting a AP wire news ...................

http://biz.yahoo.com/ap/081230/oil_prices.html
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"The danger is Iran getting involved," Kornafel said. "Any tension in the Middle East is going to involve the whole region."

"This problem isn't going to go away overnight. It's been a big disaster."

Still, expectations that a slowing global economy will dampen crude demand have helped contain the rally in oil prices. If the Israel-Gaza conflict doesn't escalate, prices could break below $30 during the next few months, Kornafel said.

"I don't expect any positive surprises for GDP, housing data, jobless claims, or manufacturing data," he said. "It's all going to be negative for at least the next couple months."
 
Quote from spanish89:

Im also considering selling the 2year or 10year bond!! :cool:


I dont understand what the market actually is or how it works, and wkipedia ma eit sound confusing...,
but i know that its basically something that rockets up when there economic fear.

And so now when i look on the monthly n yearly charts and its gone from 5% / 6% - 2% nowin just a few months.


And the steepness that its fallen should mean bouncy time! :D
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I just shorted the 30-year Bond.

There is very strong resistance around the 142'000 mark.

Shorted at 141'150 with a stop at 142'100.

I am running head on into a train but if this breaks it could fall to 135 or even 121.

I just can't see how bonds can go much higher. We have effectively zero interest rates. Even if the FED starts buying up Bonds using printed money the price won't go much higher as there will be negative pressure on the price due to the inflation printing money will cause. We will see. I have lost plenty of money being right in the past though!
 
Quote from MJUK:

I would appreciate an explanation if you have time?
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MJUK, go to the web address below and look for the book titled "Unlocking Wealth, Secret to Market Timing". Someone else introduced it to me, and I found the book at my library and read it first. It was good enough that I later bought it though, because you will need to study it some to get all the particulars on how to calculate the reversals effectively.

http://store.tradersnetwork.com/
 
Quote from mccullek:

MJUK, go to the web address below and look for the book titled "Unlocking Wealth, Secret to Market Timing". Someone else introduced it to me, and I found the book at my library and read it first. It was good enough that I later bought it though, because you will need to study it some to get all the particulars on how to calculate the reversals effectively.

http://store.tradersnetwork.com/
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Thanks for the link.
 
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