5% - 10% profit per day trading
- Thread starter spanish89
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aloha mate, i do have stoplosses on, but for this trade after this huge 20%+ straight rise im happy to leave stoploss at 50.16
even if it does go all the way to that i only lose £4,500, and i can swallow that lose if it did come to that.
This trade was just an unlucky entry though. :/
But its extremely unlikely market isnt gna pullback by monday
Question spanish:
You are spread betting on Nymex futures yes?
SO;
are your only resources the pretty lame charting software that spread betting sites give?
(I use capital spreads, and im not exactly blown away by the wide range of tools in their software)
Unless IG is different, how do you use volume? Because my spread betting charts dont give volume unless Im missing something, but then I dont really use them to set up trades anyway.
Safe
You are spread betting on Nymex futures yes?
SO;
are your only resources the pretty lame charting software that spread betting sites give?
(I use capital spreads, and im not exactly blown away by the wide range of tools in their software)
Unless IG is different, how do you use volume? Because my spread betting charts dont give volume unless Im missing something, but then I dont really use them to set up trades anyway.
Safe
Aloha mate yh i trade through a spreadbetting firm.
I like ig's charts though, since all you need to trade is a live streaming chart that you can zoom in and out off all the different timeframes and draw diagonal lines on..
And ig offers all of that.
They dont show volume though..
But i just know that volume will be extremely low since its the christmas and new years holiday both rolled into 1,
and so there may only be few hundred t few thousand traders trading.
And that causes huge movements in bothe directions when movement is happening, but very flat dullness when its not.
Quote from spanish89:
im happy to hold it over weekend if i need to even since-
News wise the bad news that pushes oil higher is now out there.
*Russia cut gas to ukraine, but now saying they increasing to rest of europe.
= the gas has already been cut to ukraine so thats now been over priced in.
So the next move will either we an agreement to restart gas, and so gas falls and takes oil lower.
*War in middleast old news now, worst case israel invade with troops, could happen,
but more likely eu will try getting ceasefire doen over weekend.
And for technical analysis-
*Market has gone from $36 to $46 in 2days straight line.
That when uptil last week everyone was saying oils going under $30, not back up over $50.
So $10 spike move (about 23% rise) in vertcial line is extremely unlikely to just have market keep rising from that instead of pulling back down.
And intraday even its gone from the low 41s to the low 46s in a straight move.
SO thats $5s up, i just need under $2s down now.
K well unluckily israel did send trrops in on land and the french president was too lazy to go in and do a ceasefire over the weekend,
so market opened in asia gapping up hugely, so gave me extremely uncomfortable night.
I analysed this morning though, had moved stoploss in to 48.26,
and then just used non-lead gasoline to front-run crude,
and took the loss at 46.62 of just over £1,300.
So still kept nearly £200 profit from friday, so not bad for those few mins i worked that day,
but i didnt just take this los in a deafeatist giving up notion! lol
I merely took it here cause now i can let oil rebound back up,
and then get my sell in from around 47.68 or higher,
and hold that till after the ukraine russia nonsense is over, and the middleast and israel stop fighting about shit and just do a ceasefire.
Quote from spanish89:
K well unluckily israel did send trrops in on land and the french president was too lazy to go in and do a ceasefire over the weekend,
so market opened in asia gapping up hugely, so gave me extremely uncomfortable night.
I analysed this morning though, had moved stoploss in to 48.26,
and then just used non-lead gasoline to front-run crude,
and took the loss at 46.62 of just over �1,300.
I merely took it here cause now i can let oil rebound back up,
and then get my sell in from around 47.68 or higher,
and hold that till after the ukraine russia nonsense is over, and the middleast and israel stop fighting about shit and just do a ceasefire.
Good deal.
The Oxford, Cambridge, Harvard, Yale rowing school chums that run those countries can't make their budgets work with oil less than 50/bl so I even though demand is weak, expect petite wars to continue as they try to push it to that level.
If you really think the price of oil is set by the Hawk's Club you're on crack 
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